Posted by wisbaker on December 31, 2012 at 19:51:13 from (126.96.36.199):
In Reply to: who knew? posted by uncle henry on December 31, 2012 at 18:15:10:
Henry Ford was a proponent of ethanol fueled vehicles. I have read some books that indicate in the late 20's they were predicting we would be out of crude oil around 1940 and some of the innovations found in 1930's cars were an attempt to develop internal combustion engines to run on things other than gasoline. Unfortunately the Doom & Gloomers never really research resource economics and what actually happens when we run out of something or it becomes scarce. If we had educated resource economists with basic math skills working in our government they wouldn't be making the costly mistakes they are doing that are costing us a bunch of tax money and killing a lot of our jobs. Of course they would also tell us that more Government is not the answer, so we now know why we don't have competent resource economists in our government.
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