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Originally Posted by phoebeisis
oil at $70 and with the huge added cost-in all respects-of the middle east problems.
1)Ethanol is home grown.We have to depend on our enemies in the middle east for oil-or for oil prices.It really doesn't matter who we import the oil from,folks in the middle east control the price and supply-flow of oil.WE ARE HATED IN THE MIDDLE EAST!!
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You are so right about this...our foreign oil dependency on countries which basically hate us, is a great National Security issue... And is costing us dearly.