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Little disappointed in Tom Buis

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said Tom Buis, CEO of Growth Energy. “Ethanol is trading at about 75 cents a gallon cheaper than gasoline. We ought to be giving motorists here at home more choices at the pump. The choices are simple — stay chained to the whims of an Iranian strongman,

He should change Iranian to USA. Right now the USA has Iran embargoed and won't let them clear oil transactions that are supposed to be based on US dollars through New York.

“Since the Iranians apparently can’t clear deposits through New York, where international dollar trades clear, they’ve made a very commonsense move to cut the US out of the middle and sell their oil directly to India, without using dollars” “Iran isn’t going to want bushels and bushels of rupiah or yen or whatever. I think the odds favor them turning to gold. It’s said that’s one of the means of payment the Indians will be using.” “Gold is the logical choice and the next step in the demise of the US dollar as the world’s reserve currency. There’s a lot of demand for the dollar to buy and sell oil. If countries stop using it, demand for the dollar would fall, at the very time the US is greatly increasing the supply of dollars. The day is coming when trillions of dollars outside the US will only be spendable inside the US. At that point it’s game over for the dollar.”

In a way, I hope it happens.

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