Think of this as Volume 17, Number 6 of A-Clue.com, the online newsletter I've written since 1997. Enjoy.
For those who need a quick refresher, the War Against Oil is the chief economic necessity of our time. The Sun shines, the wind blows, we live on a molten rock, yet we still power our world like cavemen did, by digging up shit we can burn and burning it. As a result we're burning up our planet.
There are still (believe it or not) idiots who deny that methane and carbon dioxide are responsible for increased global temperatures, for more extreme weather, and for the melting of ice caps around the world. Some are paid shills for folks who want to dig shit up and burn it. Others are ideologues who scream “no” at anyone saying yes. And some are indeed idiots.
The political winds toward burning shit grew to hurricane force during the Bush years, with the wholesale takeover of the country by the fossil fuel industry. The results were war and (ta da) rising fossil fuel prices. We're now accustomed to paying $4/gallon for gasoline, just as the “boiling frog” got used to hot water, and the industry wants to apply more pressure.
All the fracking in the U.S. is not going to drop gas prices one dime. It's not in the frackers' interest to do it, they control the process of getting fracked oil to market, it's just not going to happen. Besides, fracking costs big money. Margins are thinner from fracking than they are from sticking a straw into the ground and sucking.
The only way we're going to get a thumb down on prices is with an alternative to fracking. And right now, that means biofuels.