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Lynd 5 (1:03)
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The beverage applications of ethanol are familiar to
all of us in beer and wine, distilled spirits, etc. These have been around for
many hundreds of years. When Henry Ford was designing his first generation cars
back at the turn of the last century, he envisioned in fact that ethanol would
be the fuel. And at that point there was no demand for large-scale liquid fuel
production, so it wasn't like gasoline stations were on every corner.
These things have to evolve together.
As it happened, as we all know, it evolved in the
direction of using the country's at that time plentiful oil resources to
make liquid fuels. And we learned an awful lot about how to dramatically
increase the fuel yield from a barrel of oil, for example, many-fold. And at
this point we have a tremendous amount of experience and know-how, all of which
makes that industry very efficient and somewhat hard to compete with, at some
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Created April 2008