Corn is the low cost energy.
Corn cost less per gallon in 2008($0.50/gal)
than corn cost in 1816-1817($1.00/gal).
More corn was grown in 1920-1940 (125 million acres)
than in 1978-2008 (80-100 million acres), according to USDA.
What goes up comes down, said they before rockets went through orbit.
Have Energy prices have gone into orbit or through orbit?
Will the gravity of the situation bring energy prices down again?
Oil executives testify befoe congress that $5/gal gas will soon become
a dream and an afterthought.
Environmentalist have openly wished for $6/gal gasoline, supposedly to
purify the air. Obviously, they sniff something other than air, have no
ear to the ground and have their noses elevated into the ozone.
Newspaper articles regarding energy are cited below:
Wall Street Journal - Electricity wholesale power price increases in
Texas, Virginia, and Tennessee have surged. Noncompetitive deregulated
utilities could become history as exorbitant price increases of
America's deregulated electricity exceed the historical low price of
America's locally regulated electricity. As of 2007, fuel escalation
clauses automatically increase wholesale electric rates at TVA. Fuel
escalation cost exceed the base charge for electricity in California.
Local utilities base monthly charges on annual average rates. Local
utilities bundle home charges for water, sewer, garbage, and gas with
charges for electricity. Utility procedures make obsecure the specific
cause of utility increases. Obsene electric increases may actually be
offset by local adjustments in water, sewer, garbage and/or tax
Washington Post - Coal, the abundant, reliable and relatively cheap
source of energy is environmentally unacceptable and in high global
demand. Although coal is plentiful worldwide, the remaining
environmentally acceptable coal suppliers have escalated coal prices in
order to supply the coal demand.
New York Times - A cooling tower collapse is blamed on deteriorated
timbers at the only Nuclear Power Plant in Vermont. The incident
rekindled environmental hopes of shutting down all electric generating
nuclear power plants in the US.
New York Times- The plan for taming global warming is to pump into the
ground some of the carbon dioxide that spews from coal-burning electric
generating power plants. Haven't they noted CO2 remains unchanged as it
is once pumped through the dirty ole stack at the power plant? Unless
the laws of thermodynamics are altered, sooner or later all that enters
must exit? What goes in the ground, goes out the ground. Have
scientist gone mad?
In recent recallable history, the US liberated Kuwait and Iraq from Sad
Man Hussein and Ole Son of Bitch Lawden. Both Kuwait and Iraq gain free
military and social services from the US. In return, thanks for
$150/gallon petroleum and $4/gallon gasoline.
Do candidates, judicial, presidential and legislative members of
Congress gain more from foreign oil than from voters in Michigan,
Florida, and West Virginia?