Will the power players really embrace alternative fuels like ethanol, and reduce or eliminate our dependence on oil? I hope so, but I am not holding my breath. Do you remember what happened to gasohol? At one time, we had a mix of gasoline (90%) and ethanol that was made from fermenting agricultural crops or crop wastes in the 1980痴.

The other alcohol mixture we had was gasoline (97%) and methanol, or wood alcohol (3%). This process was shelved because Methanol is expensive to produce and is corrosive to vehicle parts, not to mention toxic.

The current ethanol push toward E85; which is a mixture of 85% ethanol and 15% gasoline, has been around since 1998. Where did it go? Why wasn稚 the technology advanced after the (so called) energy crisis we experienced during the Nixon years.

Will the current craze toward gasohol, or ethanol based fuel fade away like it did after the oil cartel fleeced consumers out of billions of dollars during the 70's & 80's, or 妬s it different this time�? Only time will tell.

Remember, during every new found wealth bubble or crisis, it seems to always be 電ifferent this time�.

Today, on Yahoo Finance, the 3 pm report said this;

鄭gricultural Products, however, is extending its leading year-to-date surge beyond 87% as more speculation on the ethanol front renews enthusiasm for Archer Daniels Midland (ADM 46.50 +1.50).�

All the while the Archer Daniels Midland insiders are doing this- Click on Link

Maybe it is different this time. Then again, maybe its not..