by Aaron » Wed 07 Feb 2007, 12:36:32
$this->bbcode_second_pass_quote('', 'E')thanol production is heavily subsidized to keep it affordable. One study says that federal and state subsidies in 2006 were as high as $6.8 billion and will increase to $8.7 billion this year.
Once you subtract this subsidy, what's left is nothing but the false security of political promises & profit-taking by investors.
Same thing with Canada's Tar Sands projects. The subsidies are so heavy, it distorts the reality of this poor substitute.
The reality is simple & intuitive & requires no special education to understand.
Richard Smalley explained it to me personally.
The oil is
there in all these marginal sources... it's just a whole lot harder to get to it & make stuff out of it, than conventional oil.
Orders of magnitude harder.
So much so that it renders any "advances" in bio-fuel tech irrelevant for the foreseeable future.
I have little doubt that we will burn everything combustible before we are done.
And that I think is an inescapable consequence at this point.
But that don't make it right...
The problem is, of course, that not only is economics bankrupt, but it has always been nothing more than politics in disguise... economics is a form of brain damage.
Hazel Henderson