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Showing posts from February, 2012

Gas Price Relief -- Now

Ronald H. Miller, 2012 Prisma Advisors, LLC., www.prisma-advisors-llc.com


With gasoline prices soaring to $4 and $5 per gallon, it is good to know that relief is available now, but only if the President will act.  His "all of the above" strategy has merit.  New oil and gas production is not the answer, but it is part of the solution.  The Keystone Pipeline is not the answer, but it is part of the solution.  Wind and solar the same.  And biofuels - to date ethanol has made the only significant renewable contribution to energy security and a better economy.  We now enjoy nearly a million barrels a day of clean, renewable ethanol production at the expense of those who hate America..  What's more, the U.S. Navy is not required to escort this sustainable energy source to our gasoline stations.

Today ethanol costs $0.90 per gallon less than gasoline and it's not taxpayer subsidized like oil and gas.  That means an E10 blend is $0.09 per gallon cheaper than straight gasoli…