>>>Oil prices spiked this morning when Iranian President Mahmoud Ahmadinejad appeared on television, because of uncertainty over what he was going to announce. When he started awarding medals to the troops who had captured the Britons, traders assumed the worst.
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>>>But by the end of Ahmadinejad's television appearance it was apparent that the soldiers were heading home, and the price of a barrel of oil started to retreat from recent highs, giving up more than $1 to drop to about $64.
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>>>http://abcnews.go.com/Business/story?id=3007435&CMP=OTC-RSSFeeds0312
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>>That's still a pretty high price for a barrel of oil. I wish we would get serious about developing an alternative energy source. Then all these chowderhead nations who can't stand us anyway can drink their oil.
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>Ethanol plants are going up like crazy around here. I don't think that is going to be THE fix-all solution, but it is going to definitely help a lot.


It can't hurt. But isn't ethanol less than 10% of the mix when combined with gasoline?