Wednesday, February 21, 2007

Lou Grinzo Says Peak Oil in 2011

Guess #3: Ethanol will become a much more interesting liquid motor fuel thanks to the supply constraint and higher prices triggered by peak oil. Even though Matt Simmons has said we're at peak oil right now, I'm still siding with Chris Skrebowski's analysis which says it won't happen until 2011. As gasoline prices rise, car companies will bring out more vehicles that can run on E85, greatly broadening its appeal. Any major disruptions in supply causing a price spike or even limited shortages will only accelerate the adoption of flex-fuel vehicles.

http://www.grinzo.com/energy/blog_entry_archive/2007/02/2007x02x07_1.html