Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts

Tuesday, January 23, 2007

Ethanol fuel hit as price of oil drops but corn soars

(Source: NZ Herald) Interesting dilemma:
The economic viability of ethanol as an alternative to petrol has been thrown into question as the oil price fell below US$50 a barrel yesterday for the first time in nearly two years, while the price of corn - the main ingredient in the new fuel - surged to a new 10-year high.