Bruce, unless I'm mistaken, ethanol is the primary ingredient in Dry Gas. Of which the current gasoline blend available in Maine contains 10%.
Man that Obama was a freaking genius when he said we can't drill our way to lower gas prices.
OPEC bewildered by oil market
It may be too soon to write OPEC's obituary, but the oil producer club appears in urgent need of late-life care. It shows little understanding of where it is, how it got there or where it's going. While it still manages to collect new members here and there, its core group looks more fragile than at any point in nearly 30 years.
OPEC has completely misjudged the North American shale industry and seems not to understand how it is still evolving rapidly. It's a little like trying to explain the internet to my 85-year-old mother, or my 12-year-old daughter trying to explain social media to me. As consultant Morten Frisch tells me, drilling horizontal sidetracks from abandoned wells in the Permian Basin is yielding a 91 percent internal rate of return on a $7 million investment and delivering 1,500 barrels a day of crude. He predicts large production increases from vertical wells in previously produced areas in the Permian.
Having failed to use the good times to invest for a future of low oil prices, OPEC is facing a crisis of old age. It is falling apart internally, confounded by the world and increasingly irrelevant.
Can anyone imagine Obama Calling for DOMINANCE in global energy production. He would be apologizing for making America Great... or some such thing.
But... are we at peak kcals?
"But... are we at peak kcals?"
With all the overweight people I saw the last time I was in a Wal-Mart, if we're not there yet then we're getting close...