Quote:
Originally Posted by vstech
N.F.W.!!!!
notice the juxtaposition of 10,000 gallons of oil per acre of production compared to 328 BARRELS of ethanol produced from an acre of corn....
they kinda stretched the limits of credibility with that statement...
they do go on to state it may be possible to go to 25000 gallons of fuel when ramped up to commercial production which would be approximately 800 barrels of fuel... so... they are saying only 31.5 gallons / barrel? I thought it was 33... either way, 32gallons/barrel is only 312.5 barrels of fuel... so corn makes more. and corn gets diluted from 10% in standard fuel, to 85% in E85(which nobody uses really...)
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Cost For A Gallon Of Corn Ethanol
Corn Ethanol Futures Market quote for January 2007 Delivery $2.49
Add cost of transporting, storing and blending corn ethanol $0.28
Added cost of making gasoline that can be blended with corn ethanol $0.09
Add cost of subsidies paid to blender $0.51
Total Direct Costs per Gallon $3.37
Added cost from waste $0.40
Added cost from damage to infrastructure and user's engine $0.06
Total Indirect Costs per Gallon $0.46
Added cost of lost energy $1.27
Added cost of food (American family of four) $1.79
Total Social Costs $3.06
Total Cost of Corn Ethanol @ 85% Blend $6.89 per gallon BUT because of tax payer paid subsidies you can buy it for $3.23 a gallon $101.75 a barrel today.