Comments on: U.S. Biofuel Boom Running on Empty http://globalwarming-factorfiction.com/2009/08/27/u-s-biofuel-boom-running-on-empty/ Dedicated to the balanced discussion of global warming Sun, 04 Dec 2011 14:02:31 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: tim maguire http://globalwarming-factorfiction.com/2009/08/27/u-s-biofuel-boom-running-on-empty/comment-page-1/#comment-40613 tim maguire Mon, 31 Aug 2009 16:45:29 +0000 http://globalwarming-factorfiction.com/2009/08/27/u-s-biofuel-boom-running-on-empty/#comment-40613 I generally agree. There's a reason five-year plans are in disrepute. Ultimately, necessity really is the mother of invention and to the extent we artificially impose "necessity", we get an inferior production at a greater cost. But I'm intriqued by, a fan of, have a romantic attachment to (take your pick) X-prizes. For some reason, they excite great minds to push the limits of technology at a relative pittance cost-wise. I'd like to see this tool in wider use. I generally agree. There’s a reason five-year plans are in disrepute. Ultimately, necessity really is the mother of invention and to the extent we artificially impose “necessity”, we get an inferior production at a greater cost.

But I’m intriqued by, a fan of, have a romantic attachment to (take your pick) X-prizes. For some reason, they excite great minds to push the limits of technology at a relative pittance cost-wise. I’d like to see this tool in wider use.

]]> By: Tim http://globalwarming-factorfiction.com/2009/08/27/u-s-biofuel-boom-running-on-empty/comment-page-1/#comment-40457 Tim Sat, 29 Aug 2009 00:34:57 +0000 http://globalwarming-factorfiction.com/2009/08/27/u-s-biofuel-boom-running-on-empty/#comment-40457 I can't recall a program sparked by the US government that was of any true long term benefit to this US of A. Analysts have been trying to predict oil prices since we became dependent on this "black gold". Making policy based on the many unknowns regarding climate change are of more detriment to our livlihood than all the good intentioned efforts of our ignorant government leaders. The bio-fuels and ethanol programs are again proof that "central planning" by our government is and will continue to be a failure until market forces determine them to be viable energy options period. I can’t recall a program sparked by the US government that was of any true long term benefit to this US of A. Analysts have been trying to predict oil prices since we became dependent on this “black gold”. Making policy based on the many unknowns regarding climate change are of more detriment to our livlihood than all the good intentioned efforts of our ignorant government leaders. The bio-fuels and ethanol programs are again proof that “central planning” by our government is and will continue to be a failure until market forces determine them to be viable energy options period.

]]> By: tim maguire http://globalwarming-factorfiction.com/2009/08/27/u-s-biofuel-boom-running-on-empty/comment-page-1/#comment-40449 tim maguire Fri, 28 Aug 2009 21:36:51 +0000 http://globalwarming-factorfiction.com/2009/08/27/u-s-biofuel-boom-running-on-empty/#comment-40449 The problem with doing anything based on the price of oil is that the price of oil is not set by the market in the sense we usually think of market economics, it is set by political realities in oil producing countries. There is some lower bound set by supply and demand and that lower bound may (or may not) be rising, but ultimately we do not know what a market price for oil is. Expanding drilling in the U.S., might help the situation, but if we decide to start acting like every other oil producing nation on the planet and drill more, I don't see this being one of the reasons. The problem with doing anything based on the price of oil is that the price of oil is not set by the market in the sense we usually think of market economics, it is set by political realities in oil producing countries. There is some lower bound set by supply and demand and that lower bound may (or may not) be rising, but ultimately we do not know what a market price for oil is.

Expanding drilling in the U.S., might help the situation, but if we decide to start acting like every other oil producing nation on the planet and drill more, I don’t see this being one of the reasons.

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