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Re: OT: buying stock in ethanol


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Posted by Jack a on September 14, 2007 at 04:10:42 from (129.176.151.6):

In Reply to: OT: buying stock in ethanol posted by midwest redneck on September 13, 2007 at 13:35:40:

Corn is or will be too high priced compared to oil. There is all kinds of oil. Don't let them fool you. There is no shortage and it doesn't matter if we drill in Alaska or not. It's a big lie in order to get our money. They say there is a shortage so that's why prices are so high and yet the public demand doesn't wane. Now if demand hasn't dropped but actually increased, why is there always gas at the gas station? Where is the shortage? BTW who actually drills for the oil? Who does the drilling even in Saudi Arabia? I don't actually know but my guess it is Exxon and Shell and the like. I realize that land owners get paid or in the case of Saudi Arabia they get paid and control how much oil is pumped but that's always been. Saudi Arabia claims they are pumping more than we'll buy. The claim is that since the price is $80 per barrel they have to have more at the pump. They aren't really making that much money. My question is who gets the $80? Who gets the $3 at the pump? My guess it's Exxon at each end. Win win for them. We lose.


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