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LouisB -> RE: methanol (11/23/2007 11:36:14 PM)
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Yep, ask me about Sasol. My tax money paid to erect these plants and there is no difference between the Sasol gas price and that of the multi-nationals. In fact the South African taxpayer has subsidised the Sasol rip-off during low oil prices. And they are a Fortune 100 company. Ethanol is a by-product of the Fisher-Tropsch process that Sasol is using. Some time ago there was an over-supply of ethanol in the global market. Guess what, Sasol just upped the ethanol content in the fuel and thus got rid of their extra production at sky high profits. When the ANC took over they made some serious noises about the way fuel prices are calculated here in South Africa. Good, I thought, let them investigate. Then suddenly it was announced that the fuel price calculation is honkey dorey - I smell a corruption and bribery rat. Never mind that one is able to buy fuel cheaper in our neighbouring countries - everything is anyway coming through the South African harbours since their infrastructure is decrepit due to constant mismanagement and corruption (thanks for your UN Aid - it all went through the throats and pockets of the reigning regimes). I am getting to understand why there are rebelious people around. The consumer is at the mercy of the large corporates and their bottomlines. Ask yourself this: is slavery really dead?
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