Can we live without Oil?

**intelligent** Thu Dec 14, 2006 6:32 am

Can we live without Oil?
I was just thinking as to what to write next on my blog, have been writing posts about oil rise and fall on a day to day basis since a few days , so was getting a little bored with the same news going around , oil is rising , so what is the big deal about it? It got me thinking how much do we need oil and can we live without Oil?
Click here for the answer :) :D

**patanx** Thu Dec 14, 2006 1:51 pm

You don't need a crystal ball to see a ramp-up in government support for ethanol coming down the pike. Just look at who's in charge of next year's doozy of a farm bill.

The reauthorization of the massive 2002 bill is likely to dominate the next session of Congress, and it will have a whole section set aside just for energy.

Already, ethanol producers benefit from a constellation of government supports, including a tariff on imported ethanol, subsidies for growing corn and blending the fuel, crop insurance and a guaranteed market: The Energy Act of 2005 required refiners to ramp up ethanol use from 2.5 billion gallons last year to 7.5 billion gallons by 2012.

Now, the farm bill may lavish even more on the industry.

If you want to read more about this you can take a look at www.e-nvestments.blogspot.com

**Jenita** Tue Apr 17, 2007 6:59 am

Hi,

I think no one can live without oil. Your blog was very informative on that topic.