Green Options

A few thoughts and a cartoon popped into my head last week while reading an article in Grist on oil companies having to clean up contaminated groundwater. The article stated that

“Some of the nation’s largest oil companies will over the next 30 years have to pay to clean up groundwater befouled with gasoline additive MTBE. In settling a suit brought by 153 public water providers in 17 states, a dozen companies — including BP, Shell, ConocoPhillips, and Chevron — will also have to pay a total $423 million cash.”

Thought #1: Finally!
Thought #2: 30 years! How about 3? And how about shipping clean water to homes in the affected areas in the mean time?
The article goes on to state that the estimated cost of the cleanup is $30 billion…
Thought #3: Why $423 million then?! I’m taking that same logic with me next time I fill up my car. “What, the cost is $4 a gallon? I’ll pay $1.50.”
It also mentioned that Exxon Mobile (among others) did not agree to settle…
Cartoon #1: Big Oil’s Mess? It MTBE, It Could Be, It Is!
And,
Thought #4: How can 17 states worth of contaminated groundwater even be cleaned up?
That’s when discovered that a few University of Aberdeen researchers have found that a whiskey bi-product may just do the trick.

As I start to stockpile bourbon (it’s made from at least 50% corn) as an investment strategy, I wonder why we are doing this to ourselves.

You practically can’t read a newspaper or news magazine without someone condemning the use of corn as an alternative fuel source these days. And who wouldn’t. The ethanol boom has driven the price of corn up, which in turn makes everything that uses corn go up in price. Corn is in a lot of products.

Why are we investing so much in corn-based fuel?

I think the answer is fear. Fear of rising oil prices. Fear of global warming. Fear of our dependency on foreign oil.