By: Olduvai

Olduvai — Wed, 03 Mar 2010 07:39:22 +0000

Er, just where does cellulosic ethanol come into this discussion. Corn ethanol yes, and it probably has exacerbated the problem of gasoline overcapacity but the real cause is the shift to lower fuel consumption cars, and this ,as you quite rightly say, is likley to last. All the hype around cellulosic ethanol is likely to be never realised without even bigger subsidies than corn ethanol receives. It might be possible but it will never be economical, ever.
Those banking on a crude oil price decline would do well to look beyond charts, and look at the resources and the EROEI involved, and then factor in the Asian growth.
As for Bloom energy call me a pessimist but this looks like hype to sell the IPO. We have heard it all before and this one looks like another example of the Law of Receding Horizons. I will not be investing in it.

By: shandy

shandy — Tue, 02 Mar 2010 12:55:11 +0000

Very interesting article. I recall at the height of the recent oil price move (i.e. with oil > $100 barrel) I suggested that this spike would see the greatest fall in oil prices within the next 10 years and that I wouldn’t be surprised to see oil at $5 a barrel by 2017. The drive down in prices would be generated fuel efficiencies and new technology advances.
In light of these efficiencies and the new fuel cell release from Bloom energy what do think might happen to the carbon markets ?

Comments on: Peak demand leaves refineries idle

By: Olduvai

By: shandy