Quote:
Originally Posted by Mircea
That's exactly what you'll see in about 18 months once E85 is in full swing.
The government is currently offering grants of up to $30,000 to install new E85 pumps.
E85 is 85% Ethanol and 15% gasoline, which is exactly opposite the current 85% gasoline and 15% ethanol.
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It's possible, although several other things are going to have to happen for that to really work. Commodities prices in general, corn specifically, are going to have to come down and food prices will have to decrease or at least stabilize for this to be politically acceptable, not only in the U.S., but in developing countries as well.
Tariffs on cheaper Brazilian ethanol from sugar are going to have to be eliminated to make ethanol a lot cheaper.
More land not currently used for food agriculture is going to have to be devoted to ethanol crops.
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