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| Idk about ethanol but I was figuring up on soybean biodiesel the other day and it didn’t REALLY work.
Seems to me like oil is 50$. And to make bean diesel it’s 100$@ 10$ beans .
Well oil goes to 100$ and then beans go to 11$ and now it cost 110$ to make bean diesel.
Oil goes to 150$ now beans are 16$ and so on.
Seems like it’ll forever be out of reach because of how the economies of it all work. RINs play a big factor in it and when it gets up there, they’ll probably yank those.
I think the world genuinely doesn’t want to burn food for fuel. Or maybe the economics of it don’t ever justify it? It’ll prbly always be more economical to consume it as a source of food because human labor is actually highly efficient world wide and in plenty of supply.
Maybe that doesn’t make any sense tho | |
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crude and ethanol relationship.......
