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New Mexico | E, though a big issue for corn farmers, is a rather small piece of the whole energy puzzle which is currently changing ALOT.
Other pieces:
Solar, Wind, Nuclear ( the USA will Follow the French path on this too ), NG, Liquified Coal, CO2 ( solar conversion of CO2 into liquid carbon monoxide fuel ) etc.
Add in the huge oil reserves now in development off Brasil and it appears things are going to be real competitive for camel jockey oil sellers, and even the current E industry itself in the usa.
The Tupi / Sugarloaf is the largest oil field ever discovered anywhere..ever in one location.
150 billion barrels on the bottom side on up to 400 billion barrels of topside estimates.
That's alot of crude and in Our part of the World, and in a country that refuses to join OPEC too.
Is it possible to see 50 cent gas at the pumps in the usa at some point in the future? Might be sooner than most think.
Any product with less total demand coupled to huge supply increases generally ends up changing some from a price perspective. | |
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USDA Dec 1 STOCKS 10.934 Billion Bushels.
