email from Myrle: Subject: E85
Carmen filled her car with E85 which was about 12.5% cheaper than regulas gas. Dropped the mileage by about 23%, so not a very good deal based on sample of one tank full.
Re: Myrle’s recent email about E-85.
From the current issue of Business Week:
The high price of gas is the result of the high price of crude oil, caused by the worldwide high demand for diesel fuel. This is compounded by tighter diesel fuel sulfur standards in both Europe and the U.S., which reduces the amount of diesel that can be produced from a barrel of crude oil.
In the U.S., blending ethanol with gasoline means less gasoline is being refined, which reduces the hydrogen produced as a by-product of refining gasoline, so there is less hydrogen available to be used in producing low sulfur diesel...
Re: Myrle’s recent email about E-85.
From the current issue of Business Week:
The high price of gas is the result of the high price of crude oil, caused by the worldwide high demand for diesel fuel. This is compounded by tighter diesel fuel sulfur standards in both Europe and the U.S., which reduces the amount of diesel that can be produced from a barrel of crude oil.
In the U.S., blending ethanol with gasoline means less gasoline is being refined, which reduces the hydrogen produced as a by-product of refining gasoline, so there is less hydrogen available to be used in producing low sulfur diesel...
email to Beth, Subject: price of oil:
Some random comments about a very complicated subject - oil:
That email you received is typical of what is going on right now, mainly being pushed by conservatives. The line is that the Democrats and Environmentalists are stopping us from being energy independent ("we have lots of oil if we could only drill for it") and of course the security argument ("the Arabs are using our money to fund terrorism against us"). Another twist, even espoused by Hillary during her campaign, is that OPEC is responsible for the high prices.
There are also emails circulating not to buy Citgo because they are funding terrorism and Chavez is buying long-range missiles from Iran to aim at us. Everything wrong with that one. For one, Iran does not have long-range missiles. Also, the conservatives are not happy that Citgo is supplying home heating oil to needy homeowners in the U.S. (with Robert Kennedy Jr's help).
OPEC does not control the world price of oil, but they can influence it somewhat by increasing production, but supply is not the whole problem today. OPEC members are Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Emirates, and Venezuela.
For how OPEC really works, see http://www.eia.doe.gov/cabs/opec.html
Major oil producers that are not OPEC members are Canada, Russia, and Norway.
Canada is our largest supplier of crude oil and petroleum products, typically some 2.4 million barrels a day. Not many Americans realize this. See my email to you ‘petroleum imports’.
The high worldwide demand for diesel fuel is the cause for high gasoline prices now. See my email to you ‘fw: E85’.
Another reason for the high price of crude is that the world price is in U.S. Dollars, and every time the Dollar drops, crude goes up. We had a scare a few days ago when it looked like OPEC was considering changing to Euros – but it didn’t happen. If that ever happens we are really screwed.
As far as the Auto Industry goes, none of the Manufacturers, foreign or domestic, cares what the cars run on – they just want to sell cars. For example, in Brazil the major fuel is alcohol and the cars are made mostly by GM, Ford, and Volkswagen.
Major oil producers that are not OPEC members are Canada, Russia, and Norway.
Canada is our largest supplier of crude oil and petroleum products, typically some 2.4 million barrels a day. Not many Americans realize this. See my email to you ‘petroleum imports’.
The high worldwide demand for diesel fuel is the cause for high gasoline prices now. See my email to you ‘fw: E85’.
Another reason for the high price of crude is that the world price is in U.S. Dollars, and every time the Dollar drops, crude goes up. We had a scare a few days ago when it looked like OPEC was considering changing to Euros – but it didn’t happen. If that ever happens we are really screwed.
As far as the Auto Industry goes, none of the Manufacturers, foreign or domestic, cares what the cars run on – they just want to sell cars. For example, in Brazil the major fuel is alcohol and the cars are made mostly by GM, Ford, and Volkswagen.
From the EIA, Energy Information Administration, Official Energy Statistics from the U.S. Government,
December 2007 Import Highlights: March 3, 2008:
"Canada remained the largest exporter of total petroleum in November, exporting 2.360 million barrels per day to the United States, which is a decrease from last month (2.431 thousand barrels per day). The second largest exporter of total petroleum was Saudi Arabia with 1.686 million barrels per day. http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html
Ineresting? Venezuela used to be number two, but Bush keeps pissing off Chavez, including behind the scenes backing trying to recall him from office a couple of years ago. So number two again is Saudi Arabia. See any connection there?
December 2007 Import Highlights: March 3, 2008:
"Canada remained the largest exporter of total petroleum in November, exporting 2.360 million barrels per day to the United States, which is a decrease from last month (2.431 thousand barrels per day). The second largest exporter of total petroleum was Saudi Arabia with 1.686 million barrels per day. http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html
Ineresting? Venezuela used to be number two, but Bush keeps pissing off Chavez, including behind the scenes backing trying to recall him from office a couple of years ago. So number two again is Saudi Arabia. See any connection there?
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