f we weren’t mixing it the cost of corn would be lower and corn
I can buy corn today for about 12 cents a bushel in the commodities market. It's cheap....really cheap. Unfortunately it is not as cheap in the grocery store because there are middlemen. Some of those middlemen transport the corn to your local market fueling their fleet of trucks with diesel and to a lesser extent natural gas. And the tug and barge units on the waterways use mostly diesel as well.
The riots in Egypt, remember the Arab spring crap?
Look above for the accurate answer. Take the above answer and then add in the price of the bunker fuel a ship uses to transport grain overseas. As far as wheat Russia had a drought. Did you miss that one?
The world refining capacity is the choke point not the availability of crude oil.
There is actually adequate refining capability. Much of our refinery capability is actually dormant. It is a big issue though because it has to do with a balance between clean air and water standards vs. localizing capacity for economic reasons. If you want them in your backyard go for it. Your risk of cancer and leukemia will rise drastically though so be prepared. When your blood chemistry starts to be pre-leukemic don't blame me when they find a reason to get rid of you and you end up with medical bills, no health insurance, and want to feed your family. this is mostly a not in my backyard issue. And I choose to put in your backyard.
if you plug into a house you are either burning oil of some form, coal, or nuclear power, in rare instances wind and or solar power.
Like I said 44% of the US power generating capacity is coal which is the only fuel dirtier than oil. So you do the math. Hint: Since 1% is oil the others that are cleaner add up to 55%. Then add in how much more efficient electric motors are over the combustion engine.
Really? Since when can you exceed total capacity? Here is an excerpt and link from an oil and gas journal from two days ago.
HOUSTON, Dec. 7, 2011 /PRNewswire/ -- Major refining capacity expansion projects scheduled for completion within three-to-five years, totaling 9 million barrels per day, will add to the global refining distillation capacity surplus, according to a new report by Hart Energy. This growth will occur despite recession-related drops in demand for finished fuels and closure of some existing capacity.
That is correct. Which is why the problem is called peak oil production not supply. If current technology cannot get it out of the ground safely,fast enough or at all should we twiddle our thumbs while the economy collapses or start to find alternatives? We are fortunate that we started to find and use power plant alternatives 40 years ago and now it is time again. We are also lucky that technology advanced enough to support the transportation sector this long. At some point luck runs dry and the facts take over. You can learn from history or ignore it. You can choose to be entertained by FOX or informed by Bloomberg. Nobody is stopping you from free choice except yourself.