Fast Money's 'Admiral' mocks ethanol, 20 percent gasoline reduction

Eric Bolling, known as the Admiral on CNBC's Fast Money, was on Morning Call this morning talking about oil prices. Consequently, he was asked about the President's State of the Union Speech and whether a 20 percent reduction in U.S. gasoline production was possible. He adamantly exclaimed that it was not possible, that ethanol would ultimately have little effect on gasoline consumption and that the U.S. would be lucky if it could maintain its current consumption - rather than increase it as the U.S. seems to do year after year. Scary.