President Donald Trump has declared that the world oil crisis has passed.  My hope is that Congress, at some point, will remove the requirements for gasoline additives, especially for the corn-based bio-fuel ethanol. One of the advertised advantages of bio-fuels is that they don't emit any additional CO2.  This is clearly untrue.  Much energy is spent in collecting the corn and disposing of waste.  But most of the energy is required to do the distillation; the heat is usually supplied by fossil fuels.  Anyway, bio-fuels are no longer needed in view of the ready availability of shale oil.  There is no longer any fear of running out of oil.  The fear of oil supplies peaking in the near future no longer exists; "peak oil" is dead.    With the mandate for expensive ethanol removed, gasoline at the pump would become much cheaper, and so will all food, especially beef, which...(Read Full Post)