Current fuel prices are cheaper than dirt. Why? Because what is the alternative? There's ain't one. Our whole economy is reliant on petroleum. And don't try to say that alternative fuels are the solution. I challenge you to produce an alternative fuel today without using petroleum.
Now, as for the cost of low-sulfur diesel, did it occur to you that there is a buried cost for high sulfur fuel? The difference is that you don't pay that price at the pump; rather, we ALL pay for the long-term effects of sulfur.
The EPA claims $70 billion/year in benefits from low-sulfur fuel versus $4 billion/year in cost. Assuming those estimates are optimistic, let's say it's $35B in benefits and $8B in cost. That's still a net income to the economy of 17 billion dollars per year.
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Today's Featured Article - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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