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 - Uncle Cecil's Super A Lives Again - by Mike Purcell. A week or so out of most of my childhood summers was often spent with my Uncle Cecil and Aunt Sissie in the small East Texas town of Maydelle on their 80 acre farm. Some of my fondest memories of these visits are those of learning to drive a tractor at the helm of Uncle Cecil’s 1948 Farmall Super A. Uncle Cecil was the second owner of this wonderful little tractor, but it was almost as though he had adopted an infant. The original owner was a man from Minnesota who bought her from a local dea
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