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Biofuels Delay now Likely due to Credit Crisis - Conspiracy?

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posted on Sep, 30 2008 @ 02:59 PM
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Biofuels Delay now Likely due to Credit Crisis - Conspiracy?


www.the-ethical-partnership.co.uk

A global pull-back from bank lending may dent the commercialisation of biofuel technologies to replace conventional gasoline, said the chief executive of US cellulosic ethanol firm BlueFire Ethanol.

A credit crisis which claimed more bank victims on Monday has raised project finance costs and made ambitious targets to replace replace fossil fuels with renewable energy sources look less achievable.
(visit the link for the full news article)




posted on Sep, 30 2008 @ 02:59 PM
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This whole scenario, plus the following extract from the article got me thinking:


US Democratic presidential candidate Barack Obama on Friday said that he may have to scale back his US energy investment plans, if elected, in order to help pay for a planned US$700 billion financial market bailout.

Obama did not detail which aspect of his plans may be trimmed. He has previously promised to invest US$150 billion over the next decade to develop affordable, renewable energy sources and clean coal, touting these as a long-term energy solution rather than new, off-shore oil drilling.


Is this not yet another reason the whole credit crisis is potentially beneficial to the interests of President Bush, his vested interests and his backers? Has anyone else come across this angle?



www.the-ethical-partnership.co.uk
(visit the link for the full news article)



posted on Sep, 30 2008 @ 03:28 PM
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Well, sort of a conspiracy, though I highly doubt the overriding conspiracy, the unfolding financial crisis, was instigated to derail development of biofuels.

Biofuels are mainly ethanol, which is processed corn, which is also a major element of cattle feed and of a staggering variety of food items.

So the underlying conspiracy regarding biofuels--until just a few weeks ago, in fact--was that a major food source was being turned into fuel, thus starving the poor in the third world and inflating food costs in industrialized economies.

So now you are saying that the financial crisis is being used to derail biofuels? Well, no one but the PTB thought they were a good idea in the first place, so this all seems quite a very long stretch.



posted on Sep, 30 2008 @ 03:30 PM
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So you people know, Making bio diesel isn't hard... plans to have this done easier..

Diesel running car
some mom and pop restaurant that will willingly give you their old fry grease.
Conversion kit to run car on above oil.
Filter
Heater for oil tank/gas

If you do things this way you can spend about 75 to 1.50 on a gallon of gas...



posted on Sep, 30 2008 @ 03:53 PM
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reply to post by gottago
 


Some perceptive comments there.

Don't worry, I wasn't meaning to imply that that delaying the commercialisation of biofuels explains everything. It's more subtle: could a potential change in emphasis from hydrocarbons to biofuels be threatening investment in oil exploration & drilling? Could this provide a real motivation for a financial crisis (albeit one among a number) that would inhibit hundreds of billions going into bio rather than oil, whether government or private-sponsored?

Is it a complete stretch? We aren't talking peanuts here, especially when the sums quoted are just a fraction of the sums that would be invested in the long-term. I'm not saying this is the major factor. I'm asking whether it is a feature that may have been overlooked, though.


post by ThichHeaded
 


Unfortunately when people in the UK tried this the PTB put a quick stop to it. People were buying the used fry grease (called cooking fat in the UK) from fish & chip shops, but not paying 'fuel tax' to the govt. & they said it was illegal! (The police became suspicious when they noticed car were driving past smelling like fish & chips).

Mind you, if the shops were to give the used fat away, as you suggest, I suppose there might be some mileage in it, so to speak, (although it's probably not advisable on cars that are in good condition, for fear of damaging the engine).



posted on Sep, 30 2008 @ 03:55 PM
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The only thing that you really Need is to replace you're current fuel lines as they will crack and leak when you use fry-vat grease.
I'm not sure if the turbo timings would have to be adjusted on smaller cars like a VW Jetta turbo but they should be about the same.



posted on Sep, 30 2008 @ 04:01 PM
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Kinda offtopic but I had a 1991 Mitsubishi Eclipse turbo that was on it's last legs and a bunch of old stale 200 proof everclear. I filled the washer reservoir to the brim and hooked the rubber hose that went to the sprayers upto the vacuum fitting on the throttlebody so it sucked the 99% pure alcohol into the intake as it ran. It was far from perfect but I could tell a big difference in power, not sure on the gas mileage though as I had my foot to the floor most of the time

Just goes to show ya, engines can run on a lot of things if tuned right and some things bypassed.



posted on Sep, 30 2008 @ 04:03 PM
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biofuels are a CT all by themselves, a cause of famine and the destruction of pristine land for fuel crops.

more threads on the issue will shed some light:

www.abovetopsecret.com...

www.abovetopsecret.com...

and last but not least: www.abovetopsecret.com...

...viewed in conjunction with wider agrobusiness, including genetic modication and its lucrative copyright laws.



PS: imho,the obvious CT here is that the entire economy is living on credit alone, that's neither a healthy nor a sustainable situation, someone has to pay for all this compound interest and, somone has got to receive it, too.



posted on Sep, 30 2008 @ 04:06 PM
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Originally posted by pause4thought

post by ThichHeaded
 


Unfortunately when people in the UK tried this the PTB put a quick stop to it. People were buying the used fry grease (called cooking fat in the UK) from fish & chip shops, but not paying 'fuel tax' to the govt. & they said it was illegal! (The police became suspicious when they noticed car were driving past smelling like fish & chips).

Mind you, if the shops were to give the used fat away, as you suggest, I suppose there might be some mileage in it, so to speak, (although it's probably not advisable on cars that are in good condition, for fear of damaging the engine).


There is research into this.. I know a few people on ATS who do this..
I was about to try it but I cant get a garage to pull this off.. You could I guess do it in a basement.. But i live in an apt so hard for me..

I got someone who owns 5 restaurants who was willing to give me all his grease..

I researched this idea and it seems most plausible over buying gas.. The initial investment is staggering, but within about 4 to 6 mnts depending on how u drive should pay that investment off..

Total on payment on making the fuel yourself is roughly 75 cents to about 1.75 or so.. depending on how you do it..

::EDIT::

I wanted you to see this link.. I added it to ATS a while ago.. It can help you understand some on what I am talking about..

High Gas, So what. Lets Talk Biodiesel

It talks about the same process I am trying to get thru here.. A couple people added some good input to it.





[edit on 9/30/2008 by ThichHeaded]

[edit on 9/30/2008 by ThichHeaded]



posted on Sep, 30 2008 @ 04:14 PM
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reply to post by Long Lance
 


I'm with you that the credit-based economy is the main villain. However it still wouldn't surprise me if oil investments were lurking somewhere in the mire, and this article seemed to point to evidence, albeit tangentally. But then again if we didn't dig & explore unexpected angles much would remain uncovered.

I'd certainly not heard that the credit crisis was potentially putting the entire biofuel industry on hold. I hadn't come across Mr Obama's policy rethink either.



posted on Sep, 30 2008 @ 04:27 PM
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Uhhhh, increasing ethanol production has been one of GWB's main projects during his tenure. Anything that curtails or damages that production, let alone doles out a serious setback to it, actually hurts him, too. I believe his family is heavily vested in ethanol as well. I do not believe that he stands to benefit in the slightest from any downturn that chips into that sector.

If anything, this might hurt John McCain. One of his positions is ending ethanol subsidies. If the ethanol industry starts shuttering production thanks to the market before the elections take place, said subsidies will be gone before McCain even has a chance to eliminate them, thus removing one of the centerpieces of his economic platform.



posted on Sep, 30 2008 @ 04:36 PM
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reply to post by burdman30ott6
 


That sounded like a definitive answer to my theory. First class work.

The unexpected ramifications you laid out are interesting. From what you say, the consequences could be quite crucial.



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