[Healeys] ethanol

[WILLIAM B LAWRENCE]

I bought a house in Grand Junction, Colorado about 2 months before the oil 
shale boom went south. Within six months my house was worth a third of what 
I paid. I call it the original Exxon disaster. The joke going around at the 
time was that if you bought a house in the town of Parachute the bank would 
throw in a slightly used "Big Dually" pickup and a boat.

That said, they were able at that time to produce oil from shale at about 
$35 per barrel. I would think they could make a go of it, under current 
market conditions, if they were allowed to.

Bill Lawrence


>From: "James  Shope" <healeymanjim at hansencc.net>
>To: "healeys" <healeys at autox.team.net>
>Subject: [Healeys] ethanol
>Date: Thu, 19 Jun 2008 20:49:48 -0700
>
>when they first started touting ethanol to replace oil, i asked the 
>question
>about what happens when more and more corn is used for fuel, thus driving 
>up
>the price of corn, to where it becomes uneconomical to continue to produce
>ethanol.  what is done with all that ethanol infrastructure, etc.  i 
>remember
>the great oil shale fiasco back in the 70s where the price of crude dropped
>dramatically when oil producers realized we were serious about 
>alternatives.
>i think the great oil shale distilleries are rusting away somewhere in the
>dakotas.   we need a better plan than ethanol.    healeymanjim
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