$1 per gallon ethanol for home brewers?

In California, Silicon Valley magnate Thomas Quinn has backed a company that says it has developed a $10,000 E-Fuel 100 MicroFueler that will allow consumers to make ethanol at home for $1 per gallon. The machine converts sugar and some household waste into ethanol. Quinn, who backed the Wii motion sensor, told the International Herald Tribune that that “It is going to cause havoc in the market and cause great financial stress in the oil industry.” The company has not made clear its plan to acquire low cost feedstock, but said it can use Mexican sugar not fit for human consumption at 88 percent off the retail price.

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