The Oil Drum | DrumBeat: June 25, 2008

272 comments on DrumBeat: June 25, 2008

Comments can no longer be added to this story.

Show without comments | PDF version

rlaws on June 25, 2008 - 4:51pm

The current account is the difference between exports and imports. Atm America imports more than it exports hence the current account is in deficit. Importing more ethanol will increase the deficit.

This argument is pretty useless in regards to ethanol though, given the large comparative advantages enjoyed by some producers compared to inefficient American corn ethanol.

Comments can no longer be added to this story.

Dezakin on June 25, 2008 - 6:13pm

I know what current accounts are, I just never had anyone explain to me why its a problem.

Comments can no longer be added to this story.

enemy of state on June 25, 2008 - 10:28pm

If we import (rather than locally produce) Ethanol, presumably it displaces imported oil, or oil products. Assuming we only import ethanol which is actually cheaper than the oil it replaces that would be a net reduction of imports. But, probably more importantly we would have more farm produce to export. It sounds to be like either win-win or maybe draw-win.

Comments can no longer be added to this story.

272 comments on DrumBeat: June 25, 2008

Comments can no longer be added to this story.

Show without comments | PDF version

Search The Oil Drum with Google

Support The Oil Drum

Click the button to learn about supporting The Oil Drum with a secure donation.

Peak Oil Primers

Beware email scams!

Beware email scams claiming to be from this site. We do not have any job openings. If anyone contacts you about a job at The Oil Drum, do not reply to them, and definitely do not give them any personal information or send them money. Read more here.

“The era of procrastination, of half-measures, of soothing and baffling expedients, of delays, is coming to a close. In its place we are entering a period of consequences…”

—Winston Churchill, November 1936