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Ethanol Bankruptcies Continue Apace
by
Edward Niedermeyer
(IC: employee)
Published: May 20th, 2009
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Despite Obama’s clear support for ethanol, refineries continue to drop like flies. UPI reports that four Pacific Ethanol Inc subisdiary refineries have filed bankruptcy documents in Delaware. High corn prices and low fuel prices continue to kill the market for ethanol (such as it is); apparently the evil grocery lobby is still hard at work. Ethanol refiners are reporting around 30 cent per-gallon losses. (Interactive map of ethanol pumps found here.)
Edward Niedermeyer
More by Edward Niedermeyer
Published May 20th, 2009 3:09 PM
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As long as he uses new rubber and the valve seats have been hardened for use with modern unleaded, it should be good to go.
I have a 71 E Type, and I haven't had a problem with the 10% ethanol. I have had both the original Strombergs and now Webers, and gas seems to be the least of my worries. What I have learned is that you DO NOT want to use lead substitute, since European cars of that vintage were used to unleaded.
Oops. Guess there's no need for a valve job, then.