By Nick Aziz
Sunday, Mar 19th, 2006 @ 9:04 pm

CNN this weekend aired a special on “Tomorrow’s Oil Crisis.” The episode of “CNN Presents” examined a hypothetical scenario in which a hurricane wiped out Houston and terrorists attacked oil production in Saudi Arabia. The episode focused largely on ethanol fuel, which comes from agricultural sources. General Motors VP Bob Lutz spoke with reporter Frank Sesno, and shared his thoughts on America’s energy crisis. “We think running the nation on E85 makes more sense than all the hybrids in the world,” Lutz said. E85 fuel, as its name implies, is 85 percent ethanol. Most cars today will run on a maximum of 10 percent ethanol, but several new models now support E85. Lutz also said while fuel efficiency is a major focus at GM, as long as there is demand for full-size SUVs, “we will supply them.” He said the only way for Americans to start pushing new fuels forward is prices to rise significantly. He said oil prices of $100 per barrel — which could happen if the crisis in Iran escalates — would “basically bring the industry to a halt.”

  

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