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Re: Oil Going to $100?
Short term, the price may reach that level. But the innovations in fuel technologies worldwide will someday stabilize the oil market...at least I hope they do.
Even if these technologies don't have a positive affect on the price of oil soon, the impact they have does make a big difference in many ways. I own a restaraunt in rural Nebraska and we currently have an ethanol plant being built in our town. The construction project alone has had an immediate impact on not only my business, but for the entire area as well. These ethanol plants are being built or are in the planning stages throughout the Midwest in the United States.
This activiy shows that the investment in ethanol is one that is being taken seriously. Brazil is 100% oil independent. This may be a lofty goal for a country the size of the US, but can make an impact serious enough to lessen the need for crude oil. Additionally, smaller countries can use the developments and technologies derived from ethanol production in the US to make oil independece a reality for them.
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