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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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E3 BioFuels to Launch First Closed-Loop Ethanol Plant in Mead, Nebraska
Hydrocarbon AlternativesMEAD, Neb., Oct. 30 /PRNewswire/ -- Dennis Langley, Chairman and CEO of E3 BioFuels, announces the Genesis plant will begin production in December 2006 at Mead, Nebraska, as the first-ever closed-loop system for distilling commercial quantities of ethanol using methane gas recaptured from cow manure, instead of fossil fuels. This virtually eliminates the need for fossil fuels in the production of ethanol.

The closed-loop system -- derived from an exclusive patent co-owned by an affiliate of E3 BioFuels -- combines a 25-million-gallon ethanol refinery, beef cattle feedlot, and anaerobic digesters to maximize energy efficiencies unavailable to each component on a stand-alone basis. This system eliminates the potential for manure to pollute watersheds, and it enables the wet distillers grain from ethanol production to be fed on-site to cattle without energy-intensive drying and transportation costs.


In the October edition of Wired Magazine, venture capitalist Vinod Khosla writes, "It may surprise you to learn that the most promising solution to our nation's energy crisis begins in the bowels of a waste trough, under the slotted concrete floor of a giant pen that holds 28,000 ... beef cattle."

Khosla, co-founder of Sun Microsystems, continues, "E3 BioFuels is about to fire up the most energy efficient corn ethanol facility in the country: a $75 million state-of-the-art biorefinery ... The output: a potential gusher of renewable, energy-efficient transportation fuel."

Cattle News Network

Posted on Monday, October 30 @ 09:46:52 PST by Leanan
 
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