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.
Iogen Corp whose non commercial plant in ottawa has developed ethanol for GAM race cars www.greenalternative motorsports.com
and for Shell for use as a fuel blend in North America and Europe is now making strides to build there first large scale plant. In Canada.
In addition Iogen, Shell and Volkswagon have signed a letter of intent for future production in Germany. www.iogen.ca/key_messages/overview/m4_fuels_vehicles.html www.iogen.ca for info on products and enzyme technology
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