02 October 2006

Go Ethanol!

Another example that change is best driven when it comes from the private sector. America needs more people like this to wean it off its dependence on oil.

http://money.cnn.com/2006/09/22/news/economy/ethanol/index.htm?postversion=2006092212

Famed venture capitalist, Sun Microsystems co-founder and ethanol investor Vinod Khosla outlined four steps he said would help the country use more of the plant-derived fuel.

Specifically, he called for a government mandate that 70 percent of all cars sold in the U.S. be flex-fuel - which is having the ability to run on gas, ethanol or other alcohol-based fuels - by 2014, and that 10 percent of all major-branded gas stations in the U.S. sell E85, a fuel that contains 85 percent ethanol.

In related news, crude dropped below $63 today.

No comments:

Post a Comment