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Ethanol does in fact, suck. Even if it had an equivalent cost to produce as gasoline (say, when produced via switchgrass), it doesn't provide the same combustion characteristics, so your vehicle is basically carrying dead weight. I'm in favor of algae-based oils...that's basically what our oil is composed of anyways, we're just speeding up the process, producing it domestically, and doing it in a carbon-neutral fashion. I'm gonna bet it's going to be cheaper in the long run because there won't be long distance transport issues.

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