Wow, that is quite shocking. At least we are progressing with production of alternative fuels. Ethanol is growing rapidly but will it meet demands? Highly unlikely suprisingly it is said when mandates of 7.5 billion gallons of ethanol are met, it will only replace one-half of one percent of US oil consumption. Here is a nice list though tracking which companies lead in ethanol production...

http://gog2g.com/2006/08/25/important-and-useful-stats.aspx

If most have you been following the stock market, Pacific Ethanol is only to produce a small 35 million gallon plant, and it has been in the center of attention the whole time during this "Bubble." ADM is the only one holding up its weight.

As discussed previously on this-here forum, ethanol is in all probability a red herring -- since it will consume almost as many BTUs in NatGas, Coal, Diesel, etc., if not more BTUs, than you get out of the process.

If we were to undertake a crash program to get out of the fossil fuel bizniss,

  • Conserve; or to paraphrase Westexas, ELP!
  • Electrify; thank you Alan
  • Install wind, solar, wave power
  • Build nuke plants.
  • Attempt an orderly reduction in our population
This should be our logical response to the dual threats of fossil depletion and global climate change.