| It could be a lot worse and more than likely will be so. The U.S. is something like 31st in the world for high gas prices, so it is a lot worse elsewhere. The Saudi's are saying that they may not be able to produce much more than they are for another decade or more, so there's not going to be any relief coming from them anytime soon. Brazil on the other hand has hit a couple of large wells off their coast that could bring some relief, but not within the next couple of years. Takes time to get rolling on a well. Don't be surprised if gas prices nearly hit $6 a gallon by this time next year or possibly earlier. There's no relief in the near future. We need to start looking into sugar cane production instead of corn production when it comes to ethanol as well. I don't see this ethanol from corn making a bit of a difference. Sugar cane is around 7 times more efficient in ethanol production than corn is as well. Brazil adopted this technique almost 30 years ago and is nearly an import free country when it comes to oil. They may be free I think. Can't remember.
__________________ How can you have any pudding, if you don't eat your MEAT? |