Mike
Well-known member
While talking to my neighbor, the Texaco fuel supplier here in Montgomery, I was astonished by his research and prediction that diesel fuel will be over $4.00 per gallon by the end of next year.
The EPA mandate of "Low Sulfur" fuel kicks in on June 1, 2006 with 5 southeastern refineries closing the doors due to the $1 BILLION costs associated with upgrading each of their facilities.
The price hike will make Bio-Diesel as affordable as the mineral based oils in use now. He also pointed out that the large "Oil Conglomerates" are transitioning towards the "Bio-Diesels" in the USA so as not to be left out in the cold. He claims that Exxon has already bought 50,000 acres of prime cropland in Iowa for their future endeavors. More corporate welfare???
It also made me uneasy to know that Venezuala owns "Citgo". Could anyone confirm this?
$4.00 per gallon diesel will not be pretty on our economy.
The EPA mandate of "Low Sulfur" fuel kicks in on June 1, 2006 with 5 southeastern refineries closing the doors due to the $1 BILLION costs associated with upgrading each of their facilities.
The price hike will make Bio-Diesel as affordable as the mineral based oils in use now. He also pointed out that the large "Oil Conglomerates" are transitioning towards the "Bio-Diesels" in the USA so as not to be left out in the cold. He claims that Exxon has already bought 50,000 acres of prime cropland in Iowa for their future endeavors. More corporate welfare???
It also made me uneasy to know that Venezuala owns "Citgo". Could anyone confirm this?
$4.00 per gallon diesel will not be pretty on our economy.