Corn futures plummet as speculators exit market

[ARCANGEL]

i just hope cars will soon all be E85 capable and the infastructure spreads like wild fire asap

[CaptainDan]

Originally Posted by ARCANGEL

i just hope cars will soon all be E85 capable and the infastructure spreads like wild fire asap

If E85 price falls, the market will demand it.

[CaptainDan]

Originally Posted by HoosierRon

So does this mean we are all done blaming "Big Ethanol" for starving children in Africa?.

Now it'll end up being blamed for children starving in Iran once their oil revenues dry up. (I wish)

[Buick61]

Originally Posted by HoosierRon

Since it started America on the road to energy independence.

This year, Big Ethanol will replace 9.4 billion gallons of imported gasoline.

Right, right, and what makes you so certain that it's replacing imported gasoline? We do make some of our own, you know. Who's to say it's not replacing the gasoline that comes from the Oil from the Gulf States?

If Ethanol is reducing consumption of oil, then I think it's fair to say it's an even spread. Imported oil AND domestic oil is used less.

[HoosierRon]

Originally Posted by Buick61

Right, right, and what makes you so certain that it's replacing imported gasoline? We do make some of our own, you know. Who's to say it's not replacing the gasoline that comes from the Oil from the Gulf States?

If Ethanol is reducing consumption of oil, then I think it's fair to say it's an even spread. Imported oil AND domestic oil is used less.

Fine. We import 70% of our oil, so ethanol is replacing 6.58 billion gallons of gasoline from imported oil. You get 19.5 gallons of gasoline from a barrel of oil, which means ethanol is replacing 337 million barrels of foreign oil this year. At $120 per barrel, that is $40.4 billion that is staying in America's economy.

[Buick61]

Originally Posted by HoosierRon

Fine. We import 70% of our oil, so ethanol is replacing 6.58 billion gallons of gasoline from imported oil. You get 19.5 gallons of gasoline from a barrel of oil, which means ethanol is replacing 337 million barrels of foreign oil this year. At $120 per barrel, that is $40.4 billion that is staying in America's economy.

Thank you for amending for accuracy.

Also, you said it was replacing "imported gasoline." Was that a mistake on your part? Did you mean to say "imported oil?"

[NfamousZ24]

Originally Posted by CaptainDan

How long till the price of E85 comes down? I'm hoping for at least a price differential (E85 to E0) of at least 70 cents. (it's universally 50 cents different here now) That's about the break even point for actually saving money by using E85. Once we pass that line, everybody will want it.

If they'd start making high performance (premium fuel) cars into flex fuelers, we'd already BE there, since premium is 20 cents more. (E85 fuel IS premium)

That is why I always thought that GM should make the LNF motor E85 capatible.

[goatgary]

I’m starting a new commodity in gas from cow farts called “Bovine Power” and see how many speculators I can rope in, make a quick buck and cash out.

[BlkZR1]

Fine. We import 70% of our oil, so ethanol is replacing 6.58 billion gallons of gasoline from imported oil. You get 19.5 gallons of gasoline from a barrel of oil, which means ethanol is replacing 337 million barrels of foreign oil this year. At $120 per barrel, that is $40.4 billion that is staying in America's economy.
__________________
Got some voodoo math going here! 1 barrel of oil=42 gal.
19.5 gasoline---22.5 Diesel
Jet fuel
Heating Oil
LPG
Plastics
Lubricants
Etc.,etc., etc., etc.
6.58bil gallons IS 337mil barrels of GASOLINE!
Last time I heard, we are importing barrels of oil, not gas.
To get 337mil/barrels of gas we need more than 2x the barrels of OIL

Or about 675mil/barrels of oil. And about 360mil/barrels or 8bil/gallons of that other STUFF!

The question is: Can we live without the OTHER STUFF!!!

Get off imported oil----------HOW?

Gas is not the problem, POLITICS is the problem.

E 10 is a scam, many lose at least 10%mpg, I am one.

4 cars, hi-comp., low, carbed, injected, 12% average.

I will use MORE gasoline with E10, plus the "E".

That sucks, and I'm not alone.

[HoosierRon]

Originally Posted by BlkZR1

Fine. We import 70% of our oil, so ethanol is replacing 6.58 billion gallons of gasoline from imported oil. You get 19.5 gallons of gasoline from a barrel of oil, which means ethanol is replacing 337 million barrels of foreign oil this year. At $120 per barrel, that is $40.4 billion that is staying in America's economy.
__________________
Got some voodoo math going here! 1 barrel of oil=42 gal.
19.5 gasoline---22.5 Diesel
Jet fuel
Heating Oil
LPG
Plastics
Lubricants
Etc.,etc., etc., etc.
6.58bil gallons IS 337mil barrels of GASOLINE!
Last time I heard, we are importing barrels of oil, not gas.
To get 337mil/barrels of gas we need more than 2x the barrels of OIL

Or about 675mil/barrels of oil. And about 360mil/barrels or 8bil/gallons of that other STUFF!

The question is: Can we live without the OTHER STUFF!!!

Get off imported oil----------HOW?

Gas is not the problem, POLITICS is the problem.

E 10 is a scam, many lose at least 10%mpg, I am one.

4 cars, hi-comp., low, carbed, injected, 12% average.

I will use MORE gasoline with E10, plus the "E".

That sucks, and I'm not alone.

Yes, we can live without the other stuff:


F-15 tests alternative jet engine fuel
Fuel Alternatives For Heavy Equipment
Biodegradable Motor Oil Made from Cow Fat Now Available
Can TCP oil be used for home heating oil?
Newer investments and developments in polymers from renewable resources
etc.
etc.
etc.

You keep running your "hi-comp carbed" car on $120/barrel OPEC oil. No scam going on there.

[detltu]

Originally Posted by BlkZR1

Fine. We import 70% of our oil, so ethanol is replacing 6.58 billion gallons of gasoline from imported oil. You get 19.5 gallons of gasoline from a barrel of oil, which means ethanol is replacing 337 million barrels of foreign oil this year. At $120 per barrel, that is $40.4 billion that is staying in America's economy.
__________________
Got some voodoo math going here! 1 barrel of oil=42 gal.
19.5 gasoline---22.5 Diesel
Jet fuel
Heating Oil
LPG
Plastics
Lubricants
Etc.,etc., etc., etc.
6.58bil gallons IS 337mil barrels of GASOLINE!
Last time I heard, we are importing barrels of oil, not gas.
To get 337mil/barrels of gas we need more than 2x the barrels of OIL

Or about 675mil/barrels of oil. And about 360mil/barrels or 8bil/gallons of that other STUFF!

The question is: Can we live without the OTHER STUFF!!!

Get off imported oil----------HOW?

Gas is not the problem, POLITICS is the problem.

E 10 is a scam, many lose at least 10%mpg, I am one.

4 cars, hi-comp., low, carbed, injected, 12% average.

I will use MORE gasoline with E10, plus the "E".

That sucks, and I'm not alone.

Your saying you lose 10% fuel economy on E10. That math doesn't add up.
E85 has about 70% of the energy of a gallon of gasoline
E10 has about 96.5% of the energy of a gallon of gasoline
4% difference in fuel economy wouldn't surprise me but a 10% drop on E10 means that you are getting nothing from the ethanol and if you lose more than 10% you are somehow not even using all of the gasoline in your tank.
I agree with your cleared up math on the barrels and everything but please let me know how I am misunderstanding your 10% less fuel economy on E10.

[SuperSS27]

Awesome!!! Things seem to be balancing themselves out. I hate artificially inflated prices.

[rozz]

Originally Posted by SuperSS27

Awesome!!! Things seem to be balancing themselves out. I hate artificially inflated prices.

Yeah...I hate paying $4.50 for a Southern cooked cornbread. j/k!

[Ed Arcuri]

Good news for those who don't like speculators. Speculators buy and sell futures contracts. For each contract there is a buyer and a seller. In recent months many investors have moved their money from the equities markets into commodities. Now, the reverse is occuring. Those who made who raked in big profits on the runup are now losing many shirts as the prices retreat.
So, if you want to speculate, you must be very, very careful.
As to using the E85, and I write only for myself here, I am ready to buy a GM sports car (preferably a Solstice) when I can get a flex fuel version. I don't need employee pricing and I don't want to starve the salesman's kids. I will pay for what I want. . . . and I'll wait.
E85 may not save the planet, it may not even save much money, but it can help ensure that we are not under the thumb of those who would hit us with an oil embargo. I remember the last oil embargo and I want flexibility.
Hang in their HoosierRon.
Cheers,
Ed

[BlkZR1]

Originally Posted by detltu

Your saying you lose 10% fuel economy on E10. That math doesn't add up.
E85 has about 70% of the energy of a gallon of gasoline
E10 has about 96.5% of the energy of a gallon of gasoline
4% difference in fuel economy wouldn't surprise me but a 10% drop on E10 means that you are getting nothing from the ethanol and if you lose more than 10% you are somehow not even using all of the gasoline in your tank.
I agree with your cleared up math on the barrels and everything but please let me know how I am misunderstanding your 10% less fuel economy on E10.

Your right, it makes no sense, because ALL the info is not being used.

"PURE" Ethanol is allowed by LAW to have up to 8% WATER in it.
It is not economical to reduce it further.

It has NO lubrication properties.

The actual % is at the whim/discression of the blender/retailer. And more.

The problem is not BTU conversion rates.

The problem is REAL WORLD USE AND EFFECTIVENESS!!!!!!!!!!!!!!!!!!!!!!

Ethanol is NOT the bad guy, use E100 and no gas at all, or E85 in ALL FlexFuel vehicles ALL the time. The light BLENDS are the problem. It's not efficiant use of a product that COULD make a REAL differance.

I have no reason to lie to you or upset you in any way. I am just stating REAL WORLD use and experience. I personally titrate the fuel myself, last tank was 6% ethanol. Previous 4 tanks, Regular gas, 38 mpg average.

6% Ethanol blend, 33 mpg. You do the math. I know what I'm doing.

If this scares you, intimidates you, makes you mad, I apologize.
It does all of those to me. I have been monitoring my fuel,oil,cars, etc., for 30 plus years. I do ALL my own work except tires.

Ethanol is supposed to clean up the AIR. We will see.

Meanwhile, many,many,many people will use more GASOLINE per mile travelled, along with the ethanol.

I hope it averages out, or it will be a colossal failure