What can compete with oil?
We may want to consider that full replacement of oil will require some serious “original thinking”! Especially in light of the fact that whatever replaces oil will need to have its source be “free.” What do I mean by that? Oil is essentially free. The “stuff” is in the ground. It costs to buy mineral rights, extract, refine and distribute it. Other than that, the “goes-into” is free! What else is free? Solar, hydro, wind, wave, tide energy all have their “source energy” as free! Although energy efficiency and substitutes like bio-fuels are extremely important, we must seriously consider the issues of the base costs of energy. According to the Renewable Fuels Association, “It would take about 300 million gallons of water for processing the product and cooling equipment to make 100 million gallons of ethanol each year.” We need to think WAY outside the box! We need an Energy Independence Fund ASAP!