Tuesday, March 6, 2012

New Fuel Innovation Sweeping America

The Ateneo Graduate School of Business Advantage

A lot is being said that US will soon be the new Saudi of Energy.  And there is a lot of mention about the Eagele fuel:   that is as good as gasoline and cleaner than diesel fuel.  It will cut fuel prices at the pump by 50% and will save US from dependence on the Middle East Oil.  While there is mention of new oil deposits in US and Canada, it will be costly to pump oil from these areas.  It only costs $2 to $5 per barrel to produce oil in the middle east.

Just what is it?  Is is ethanol?  That author,  Frank Curzio of Stansberry Research, a security analyst for small caps, tells that ethanol is a waste of money and uses a lot of govt subsidy to keep this afloat.  This development gets endorsement from T. Boone Pickens who made billions in the energy sector.

Here is the free video and its transcript on the new innovation.

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