Just came from Sams Club. Cooking oil about $2.50 a gallon. I would guess Diesel is right around there or maybe a little cheaper. I have seen those stories about people using old cooking oil to run their cars. One guy says his car runs better on old french fry oil rather than diesel. An extra +, his dog likes the smell of his car now. There has to be a lot of cost involved in making cooking oil. Packing in 5 gallon jugs and made in food grade conditions must add a lot to the cost. I would think if cooking oil was transported in 7000 gallon tankers, it should go down to $1.25 a gallon. Add taxes and profit for gas station, would it go up to $2.25?
Some say if we were to use all our grain for bio fuel we still couldn't meet our needs. But as we drive around, how much ground do we see laying fallow? Make the price of grain right and "zillions" of non farmed acres will be planted. Of course the price of bread might go up some, but I'd rather give the profit to our farmers right here. Those folks will spend it right in our states and others here benefit.
There is one big problem with investing in bio fuel, as I see it. If it could be pulled off and demand goes down for oil, then oil prices drop. Then the bio fuel investors take a bath on their investment. They go out of business, and the oil guys get to skin us again. A little government help on taxes would help the farmers. A side light, I hear this cooking oil and ethanol, or whatever it's called, burns very clean.
I know it's not so simple. It's just when I see a 5 gallon package of cooking oil with the big packaging cost sell for near the same as bulk diesel I just wonder.
Cheers...Coffeeman
Some say if we were to use all our grain for bio fuel we still couldn't meet our needs. But as we drive around, how much ground do we see laying fallow? Make the price of grain right and "zillions" of non farmed acres will be planted. Of course the price of bread might go up some, but I'd rather give the profit to our farmers right here. Those folks will spend it right in our states and others here benefit.
There is one big problem with investing in bio fuel, as I see it. If it could be pulled off and demand goes down for oil, then oil prices drop. Then the bio fuel investors take a bath on their investment. They go out of business, and the oil guys get to skin us again. A little government help on taxes would help the farmers. A side light, I hear this cooking oil and ethanol, or whatever it's called, burns very clean.
I know it's not so simple. It's just when I see a 5 gallon package of cooking oil with the big packaging cost sell for near the same as bulk diesel I just wonder.
Cheers...Coffeeman