The Focus on Speculation in Energy Production

Description

Harry Reid, U.S. senator (D) Nevada and Senate majority leader, talks about focusing on speculation or the use of agriculture for energy.

Transcript
The Focus on Speculation in Energy Production Question: Should we focus on speculation or the use of agriculture for energy? Harry Reid: I think if we’re going to look at speculation, the first place we should look at the speculation taking place in oil. Most all academics say that the price of oil is way higher than it should be. Why? I think one of the reasons, and I agree with the experts, is if you want to go buy a share of stock in General Motors, you pay a 50% margin. If you want to buy 100,000 barrels of oil, you pay a 3% to 5% margin. That’s where the real speculation takes place. In food markets, we have better control of food in some areas. We have better control of a lot of the things we do with food than we do with energy. I have always been concerned about using food when there are lots of people hungry in the world to produce energy. But as a result of this experiment that we’ve conducted, it’s clear that we can produce better fuel and that causes us to import less oil from overseas by using products that agricultural in nature. We’ve learned as a result of this maybe we don’t need to use as much corn. Maybe we can use switch grass and other things that grow out there that aren’t for eating. That’s where we’re moving now. That’s what this new farm bill has. It gives great incentives for using other products than just food you eats to produce energy.
Related Articles

The Focus on Speculation in Energy Production

Focus 31 German Economic Crisis, Practical Or Speculative Factory

The global financial crisis is everywhere, but this time in the 31 groups going abroad to build factories in Germany. The move is the inevitable choice for enterprise development...

Scattered Speculations on the Question of Value

Nor has the introduction of these texts necessarily challenged the political relationship of how \"writing\" might be produced, published, and distributed in partnership with the \"marginalized\" communities being studied. Students tend to read finished pieces that are nicely framed within anthologies....

Drinking Toxic Speculation Of Insider Malicious Or Out Of Context

Enterprise malicious speculation, or the media out of context about, or expert \"defection\"? Recently, Drinking \"Toxic\" came on once...

3? 15 Report: A Crisis Of Confidence Speculation Appliance Concept

In the home appliance market, the concept of a long-standing speculation. Together with the price war the concept of war, the growth in China during the appliance industry almost ceased...

Speculating in CFD Trading

Businesses are booming for CFD providers and traders nowadays. Dealing with CFD trading can either be done through speculation or hedging. Both of these have their own advantages, so traders should know the basics in order to look which of these two approaches best work for them....

Auto Beauty Trap: Foil Perpetrating A Fraud On Wild Speculations

With the increasing number of private cars...

Investors & Speculators 5 Key Differences

What constitutes towards an investor and what does it mean to be a speculator? In this article, I delve into 5 key differences between the investor and speculator....

Speculate Carefully

Forex trading can be hugely financially rewarding and personally satisfying.Forex buying and selling is usually very monetarily gratifying and personally satisfying....

Staying Focused

How many times have you reviewed the past couple of weeks, months even years and then realized you're no further forward than you were when you started. The goals you set yourself are still sitting on the shelf gathering dust. Of course that's if you even wrote them down in your diary or journal in the first place. Because if you don't write them down somewhere, how on earth are you ever going to be able to check your progress....

Saudi Arabia Focuses On Alternative Energy

With growing greenhouse effects and erratic climatic changes, more and more countries are considering options to go green. So, the news that Saudi Arabia focuses on alternative energy comes as no surprise. However, the kingdom has its own reasons for the move....