Today there is a very thin layer of insulation in the oil market amounting to approximately one million barrels a day, meaning that every small disruption, be it a hurricane in the Gulf of Mexico or riots in Nigeria or instability in the Middle East, immediately creates a rise in prices. This situation will be with us for a long time because there is no new spare capacity. Building spare capacity requires an investment of billions of dollars to create infrastructure that may sit idle most of the time. Nobody will invest on those terms,
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If you want to send your dollars to the worst regimes in the Middle East, use gasoline -- if you want to send your dollars to the best farms and communities in the Middle West, then use alcohol made from the agricultural resources we grow at home.Gal Luft
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They realize that when they blow up a pipeline in Iraq or in Sudan or anywhere in the world, this translates immediately into a price rise in all the markets. It is much easier for terrorists to blow up an oil facility or take out a tanker somewhere in the world than to infiltrate into the United States and blow up the World Trade Center,
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