spuncopper":3r2ust6c said:
Hey Guys:
The problems with Ethanol and other alternative fuels/energy could have been addressed in the 1970's thru the 1980's, and would have been resolved by now. But a president was elected that all but destroyed the alternative fuel programs. :?
So we can only blame ourselves for letting these programs be dismantled. I find it interesting to read my old Mother Earth News mags (from issue #1 to 100). There were solutions but big oil, utility companies and the American automotive industry didn't want to change. :?
Take care.
This link to a chart of the yearly history of oil prices causes me to
http://inflationdata.com/Inflation/imag ... _Chart.htm
think the flight from the conversion to alternate sources of energy other than oil had much more to do with the rapid increase in the price of a barrel of oil from a inflation adjusted price in 1973 of $20 a barrel to it's peak in 1979 of $113, followed by dropping back to $20 again by 1986, then the reasons you suggest. During the rise it was not difficult to have government & investors interested in most all the alternatives, but us tax payers & the investors all lost big on these investments when the price dropped back down. Private investment money is now even harder to find for these high risk endeavors requiring huge outlays for R & D with a proven high risk from the past without us taxpayers guaranteeing the results, such as the big losses we picked up recently in the solar business failures & taxpayer subsidizing of wind & ethanol.
With the huge oil & gas finds here in the US recently & the ability to extract with fracking at a comparably low cost recovery it will even further make alternative energy more difficult to compete.
Jay