Here We Go Again

I wonder if the *absolutely* true fact that fossil fuels are about to run out helps to sway the pricing.

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Originally Posted by bigcrappiemax

I wonder if the *absolutely* true fact that fossil fuels are about to run out helps to sway the pricing.

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I am 69 years old and they told us in school when I was in the fourth grade that we would run out in a few years...never happened. We have plenty of oil in Alaska and there are so many capped off wells on the gulf coast and off shore....that it seems we have a lot of oil we are not using.

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Originally Posted by "G"

My 08 GMC truck and My 11 Chevy Tahoe have a badge on them saying designed for Flex Fuel E85 ....Now I have read where the Outboards will not handle any over E10....Yamaha says using E15 will destroy the engine. Somebody told me that they were traveling in another state that had E85 and there vehicle was designed for it so they filled up with it because it was a lot cheaper....he said his gas milage dropped way off

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That is true. Gas mileage will be less with the E85 than with the 10% ethanol mix. No ethanol unleaded is 89 octane. The 10% ethanol drops it to 87 octane. The more ethanol they add, the worst gas mileage you will get since it reduces the octane rating. Ethanol is more expensive to produce than gasoline but the government subsidizes the ethanol producers (even ethanol producers in foreign countries who sell it to the US refineries). Go figure.

i think you get about 2/3 of milage of gas, thus e 85 is usally about 2/3 price

So no savings whatsoever, typical.

I know that my gas mileage dropped 3-4 MPG when ethanol came out.

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Originally Posted by "G"

I am 69 years old and they told us in school when I was in the fourth grade that we would run out in a few years...never happened. We have plenty of oil in Alaska and there are so many capped off wells on the gulf coast and off shore....that it seems we have a lot of oil we are not using.

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That's what I'm saying. If it ever runs out, I don't think I'll be here to complain.

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Originally Posted by bigcrappiemax

I wonder if the *absolutely* true fact that fossil fuels are about to run out helps to sway the pricing.

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google "Balken Find"

We are about to have the largest oil boom in US history in the Cline Shale found in West Texas, and there are many more out there. I evaluate oil and gas reservoir fluid properties for a living.

Time to buy Baker Hughes stock?