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Bush Eschews Harsh Medicine In Treating U.S. Oil 'Addiction'
Keywords:
Tags: United States, Oil & Gas,
BUSH AND E85- ITS UPTO MARKET ECONOMICS, NO DIRECT ACTION AS IN BRAZIL. U.S. oil companies are skeptical about E85 and are not investing in pumps and filling stations. Only 800 of 17,000 gasoline filling stations in the U.S. have ethanol. Unless required to do so station owners are not likely to invest thousands of dollars in ethanol pumps. In Brazil the government took direct action to promote ethanol use, giving sugar cane companies cut rate loans and guaranteed prices for the product, and it required state run Petrobras to make ethanol available at filling stations. The cost auto companies say in this article is only about $100 extra per vehicle for extra anticorrosive materials and computer sensors for ethanol capable cars. With market economics and no direct government action the picture is fuzzy how the whole E85 project is going to come out.
E85 inthe California Market, A Reality Check, One E85 Pump in California
08/02/2006
California has only one E85 pump for public to use out of 10,000 gasoline stations. Chevron and GM cannot make even a modest start.
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How California Failed in Efforts To Curb Its Addiction to Oil
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Bush Eschews Harsh Medicine In Treating U.S. Oil 'Addiction'
Wall Street Journal 08/09/2006
Wall Street Journal 08/10/2012
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