InvestorsHub Logo
Followers 36
Posts 2646
Boards Moderated 0
Alias Born 10/02/2010

Re: None

Friday, 01/25/2013 4:04:46 PM

Friday, January 25, 2013 4:04:46 PM

Post# of 286
Method Of Blending Fuel Patent

In my opinion, the new fuel blending patent breaks the monopoly that big oil has on tax credits for blending alternative fuels. Instead of big oil keeping the credit, gas stations can get it by using GERS' method patent. This would encourage use of alternatives and pass more of the savings to consumers instead of adding to the profits of big oil.

Here's some good information directly related to the new GERS' patent. Patent #8,352,071 January 8, 2013.
http://www.byoethanol.com

http://greenshift-gers.blogspot.com/2013/01/method-of-blending-fuels-and-related.html

A key claim of the new fuel blending patent is to match the temperatures of the fuel. Not too long ago, Valero and many other big oil companies were sued for selling hot fuel. Valero was pocketing tens of millions of dollars gained by differences in fuel temperature.

"At every other phase of the distribution process, there's temperature compensation, except at the retail level." Until now.....

"At every other phase of the distribution process, there's temperature compensation, except at the retail level," says Norita Taylor, spokeswoman for the Kansas City-based Owner-Operator Independent Drivers Association. "Why not at retail?"

At The Pump

"Consumer Watchdog's Dugan says she has not seen the Valero, Casey's and Walmart settlement agreements, but adds that they most likely involve replacing old fuel pumps with new ones that can electronically compensate for temperature fluctuations."

http://www.consumerwatchdog.org/story/valero-confirms-settlement-reached-hot-fuel-lawsuit

Give consumers a choice instead of big oil doing the blending and keeping the credit. Sales of ethanol will increase as consumers realize they get better MPG's with mid level blends.

Blending at the retail station will reduce costs in many ways. The new tax package congress just passed pays up to $30,000 for the blending equipment conversion.

Matching the temperatures of the fuels to be blended ensures consumers get what they pay for. It will increase demand for biofuels and decrease the price at the pump.

Good Luck To All!$!$!$!$!$!$!$
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent GPRE News