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How much alternate fuel would need to be produced in order to remove the current competition for the "last barrel"?

Commodity markets are easily spooked as each sector thinks their demand is inelastic and drives up the price in a panic situation.

For example, there was going to be a electric power generation crisis in the US starting about 20 years ago, but the ease and speed of bringing natural gas-fired power stations online changed the dynamics.

So, if, for example, ethanol production increased to 10% of gasoline demand would this change the market dynamics, just like the loss of 10% of refining capacity caused by the hurricanes did last year.

There are already dozens of ethanol plants being planned and built in the US.

Policies not Politics
---- Daily Landscape

by rdf (robert.feinman@gmail.com) on Sat Jul 8th, 2006 at 07:21:42 PM EST

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