Bush wins another one for his buddies in the oil Industry

Yeah, did a quick search and found hempcar.org. I remembered when these guys are on UT.

 

I think hemp powered cars goes all the way back to Henry Ford.

 

You can't let the US dollar fall 50% versus the other major global currency and expect oil-producing nations to still sell at $30/barrel. It's as simple as that.

 

destroying the environment kicks ass!

 

That made me laugh.

 

Yes, you can refine hemp seed oil in your garage and once refined, it can be used to power existing unmodified diesel engines. Talk about a totally renewable form of energy.

 

Even a larger reason I don't see gas prices falling.

 

Isn't that the same as bio-diesel that you get out of refining soybean, corn and a variety of other vegetable based oils.

 

I'm going to do some slash and burn agriculture for fun this weekend.

 

If you see a person running around spraying aerosol cans at the sky trying to spread as many fluorocarbons around as possible, while smoking, shooting plastic everywhere, and wearing a running city bus engine on my back, that will be me. Look out fun... Here I come!

 

I don't think so, but I am not 100% on that. The way I understand it, biomass fuels (fuels from refining vegetable oil or corn oil: ethanol) are typically added to gasoline to help reduce price. It is used in unleaded (not diesel) fuel and AFAIK cannot be used straight. I have not studied this topic in depth since the late 1980s, so it is entirely possible that things have changed or I am mistaken on this.

Hemp seed oil (as I stated before) can be easily refined to run in existing diesel engines. This is one of the reasons that it is estimated that farmers could make $600 per acre just from the hemp seed, with even more gravy (profits for farmers) available from the stalks, which would be sold mainly to textile and paper manufacturers.

From what I understand, most of the farmers in places where hemp (keep in mind that hemp is completely different from mar1juana, hemp plants are grown for their long stalks and seeds while mar1juana is grown for it's flowers and lack of seeds) is grown do not actually buy any diesel fuel for tractors, trucks, and other diesel powered equipment since the hemp oil is so easy to refine. In addition, the oil is used for heating, further reducing the farmer's dependence on petroleum. These are some of the major reasons that the petrochemical industry is one of the biggest opponents of drug policy reform.

 

ok so because oil prices are rocketing up it means that we shouldn't explore all possible sources because it won't have as big of an effect on oil? thats silly.

 

Come on Robbie get with the liberal agenda.

If Bush does anything complain

 

Thing is, they aren't "explore[ing] all possible sources," just the ones that put $ into the pockets of their biggest contributors. They could mandate fuel economy standards, but those efforts have been blocked. They could put more money into alternative energy, but apparently tax cuts (again for their biggest contributors) are more important.

I wouldn't be nearly as opposed to this if they WERE exploring "all possible sources," but that just isn't the case.

 

Moon, this is just like your politics. You think you know something to be correct, but really you're wrong. Biodiesel sources are quite abundant. Biodiesel can be made from any kind of oil seed crop (canola, soybeans, palm oil, etc), animal renderings (my favorite!) and even algae. It's a pretty simple refining process that you need to do to remove the glycerin from the corn oil or whatever oil you're using. Biodiesel can run in any compression-ignition engine (ie a diesel engine, since there are no spark plugs, but rather the fuel ignites upon being compressed). You can either run biodiesel itself, or blend it with other diesel fuels, which is pretty common.

You're partially correct in that ethanol can be added to a fuel used in a combustion engine, and it is in fact done through the use of additives. Hell you could run a combustion engine on Everclear if you poured it in your gas tank. It's useful as an additive since it soaks up the moisture in the gas, much like it soaks up moisture in your body when you wake up hungover.

In other news, the Bush Administration was the first to implement a program providing cost incentives for the production of biodiesel. Put that in your liberal ganja pipes and puff.

 

Though energy prices have been quite strong, I don't see energy prices falling based primarily on strong growth in demand from China and a weaker dollar.

The demand from china for steel and cement and other building materials is adversely affecting some of my building projects as well and I don't see anything in the future which makes me think it will let up.

I honestly don't feel that there will be much benefit from opening up the areas to drilling. I have always been more for globalization and proper allocation of resources and capital. If ExxonMobil is already limiting USP (US Production) and plans to have no expansion within the US, its obvious the margins are much lower here.

I would compare oil to coffee beans in that its a commodity. I think the problem is that politics interferes with a natural global economy. I think the trade embargo on Iran, Libya and other nations is limiting a great deal more oil in the marketplace that we can get from Alaska. I personally don't care about their politics just like I don't care about Colombia's politics as long as I get my coffee in the morning.

 

The main problems in your "natural global economy" are OPEC and it's gangster like control of 40% of the world's oil (and probably 90% of the world's cheap to extract oil) and the hippy tree huggers in this country who won't let us build more refineries.

 

If Dick Cheney would release the notes from his Energy Task Force of three years ago, we just might know why the price of oil is skyrocketing right now. But, since the Bush Administration is so afraid of releasing anything, we'll never know.

 

But do you believe OPEC and these nations don't want to sell us oil ?? Iran was willing to sell Marc Rich (an Israeli citizen no less) oil for half the market price and then he turned around and sold the 80 million barrels for market price and made a fortune.

If the Iranians would be willing to sell it at half of market price to an American Israeli, i'm sure they'd sell it to us at market price which would be lower upon their increase of supply to the marketplace.

We never really had issues w/ OPEC or any of those nations until the 1960's when we supported Israel against the Arab world and then our politics screwed with our global economy. I believe that the steps we are taking in Iraq could help spread democracy and capitalism throughout the middle east, but we jumped onto one side in their conflict and have felt the wrath of unstable oil prices because of it.

 

I think thats a silly notion Tex. If Cheney/Bush etc had some big control on the price of oil and there was some grand conspiracy then why didn't oil prices come down before the election???

Do you not think that would have made the administration look great and made it seem as if the war in Iraq brought down energy prices??

Its quite simple why oil prices are so high, especially for us in the US. The dollar is weaker, which means they sell it to us for a higher price and then demand in China is increasing demand while supply is staying constant.