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Heard that the Saudis want $69/ barrel. Why?
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cynic
Posted 4/21/2018 17:03 (#6723108 - in reply to #6721426)
Subject: RE: Heard that the Saudis want $69/ barrel. Why?



Well, then you probably never heard of gasohol either. The model for the industry was to assimilate what Brazil was doing at the time, mix large amounts of ethanol with gasoline to hold down the price of fuel. Brazil was importing a large part of their crude and were subject to the large price increases in the '70s. They had the ability to grow large amounts of fermentable grain, so that's what they focused on. They were not the world producer of feed grains then, mostly soybeans. I filled up with 10% gasohol in the '70s and have not used any deicer since. Gasohol was generally available in Iowa and Minnesota. I am not sure about the rest of the cornbelt. It struggled to gain a foothold in major city markets because of oil company propaganda that is still in use today- "it will damage your engines". Even though it has been widely disproven, in today's world, it worked back then.
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