Oil jumps 2% at the close...

[CosmicCowboy]

Also, remember it takes 1 BTU of petroleum based energy to produce 2.3 BTU of ethanol

http://www.usda.gov/oce/reports/ener...June_final.pdf

[Sportcamper]

Seriously Cosmic...How do you know this stuff?

Cosmic...Average #2 fuel oil price today delivered is $4.12 a gallon. It contains 138,000 BTU. Cost per BTU is 3 cents.
Average ethanol price today (at the refinery since there is no home delivery standard) is $2.10 a gallon and it contains 76,000 BTU. or average cost of 2.76 cents per BTU at the refinery
If you consider the additional cost of transporting ethanol (which can't go by pipeline like oil can) #2 oil still wins a head to head comparison at today's prices.
Average corn price is 3.90 a bushel in the field.

[tlongII]

Seriously Cosmic...How do you know this stuff?

Cosmic...Average #2 fuel oil price today delivered is $4.12 a gallon. It contains 138,000 BTU. Cost per BTU is 3 cents.
Average ethanol price today (at the refinery since there is no home delivery standard) is $2.10 a gallon and it contains 76,000 BTU. or average cost of 2.76 cents per BTU at the refinery
If you consider the additional cost of transporting ethanol (which can't go by pipeline like oil can) #2 oil still wins a head to head comparison at today's prices.
Average corn price is 3.90 a bushel in the field.

I'm sure he just looked it up. It's basically common sense.

[sickdsm]

That's a pretty cheesy comparison

corn isn't energy until it is turned into ethanol.

Lets use real numbers at todays prices.

Average #2 fuel oil price today delivered is $4.12 a gallon. It contains 138,000 BTU. Cost per BTU is 3 cents.

Average ethanol price today (at the refinery since there is no home delivery standard) is $2.10 a gallon and it contains 76,000 BTU. or average cost of 2.76 cents per BTU at the refinery

If you consider the additional cost of transporting ethanol (which can't go by pipeline like oil can) #2 oil still wins a head to head comparison at today's prices.



Average corn price is 3.90 a bushel in the field.

Lots of people here burn corn as a primary source of heat. I guess they didn't get your memo about it not being energy. Tell me why?

You can't exactly burn ethanol as a heating source in conventional furnaces. But when you do talk about ethanol you might want to look at it as a byproduct of DDG's. To take a starchy feed product and turn it into a high protein feed is a game changer.


$2.85 is what corn is worth in the bakken right now.

[Wild Cobra]

Lots of people here burn corn as a primary source of heat. I guess they didn't get your memo about it not being energy. Tell me why?

You can't exactly burn ethanol as a heating source in conventional furnaces. But when you do talk about ethanol you might want to look at it as a byproduct of DDG's. To take a starchy feed product and turn it into a high protein feed is a game changer.


$2.85 is what corn is worth in the bakken right now.

What is the cost of fuel and feed if you remove all the subsidies?

[sickdsm]

Not sure.

How much does our military suisidies add to the oil price?