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Gas prices still hovering at $4.09.9 in the 10-mile radius here.StevePheasant Hollow FarmQuote from: jaime7997 on June 23, 2008, 07:00:55 PMHave any of you heard about the supposed fuel they are working on making from bug poo? Heard a little thing on the radio about it the other day... Don't know any details, but man, there would have to be a giant bug farm somewhere!!! Your kidding right
Have any of you heard about the supposed fuel they are working on making from bug poo? Heard a little thing on the radio about it the other day... Don't know any details, but man, there would have to be a giant bug farm somewhere!!!
NEW YORK (CNNMoney.com) -- Oil reached $140 a barrel for the first time ever Thursday following reports that Libya may cut production and an OPEC official said crude could hit $170 a barrel this summer.
According to a report by the Bloomberg news service, Shokri Ghanem, chairman of Libya's National Oil Corporation, said reductions may be made because the market is oversupplied. Other reasons given by Ghanem: A response to sanctions against Iran, also a member of the Organization of Petroleum Exporting Countries, and a bill being discussed in Congress that could allow lawsuits against OPEC countries.
Speaking to France 24 television Thursday, OPEC president Chakib Khelil said oil prices could rise to between $150 and $170 a barrel during the summer. He added that he didn't think oil would hit $200 a barrel.
CURB SPECULATIONA 40 percent surge in oil prices this year has prompted U.S. politicians to take steps to try to curb speculation in the oil market, that some blame for pushing up prices.The U.S. House of Representatives on Thursday approved legislation which directs the Commodity Futures Trading Commission (CFTC), the futures market regulator, to use all its authority including emergency powers to "curb immediately" the role of excessive speculation in energy futures markets.
It's true... Check this out... It's really from a bacteria ("bug") that breaks down organic stuff and produces crude oil as an excrement!!! Interesting....http://www.mandjshow.com/videos/bug-fuel/And here's an article in case you can't see the video for some reason...I know some folks out there still have dial-up... I'm sorry.http://www.timesonline.co.uk/tol/news/environment/article4133668.ece
Why not sugar cane or sugar beets to make alcohol.Corn for food and alcohol for fuel