Reply #57: More evidence of insanity

[GliderGuider]

Biofuels can match oil production

Peering into the future seldom produces a clear picture. But this is not the case with bio-energy. Its long-term impacts on the global economy appear to be pretty clear, making many long-term predictions quite compelling, including the demise of the price-setting power of the Organisation of the Petroleum Exporting Countries and the end of agricultural protectionism.

First, technology is bound to deliver a biofuel that will be competitive with fossil energy at something like current prices. It probably already has. Brazil has been exporting ethanol to the US at an average delivery price of $1.45 for an amount with the energy equivalence of a gallon of petrol. It is doing so profitably and in increasing amounts, in spite of a 54 cents a gallon tariff to protect American maize-based ethanol producers. Many countries are following suit.

For a frightening glimpse into the mind of a neoconomist, read the Q&A. Ricardo Hausmann is as clinically insane as your president.
"Nothing so predisposes a man to blindness as having his paycheque depend on his inability to see the truth." :argh: :banghead: :nuke: