Thursday, May 08, 2008

Ethanol in the tank ...

Ethanol producers hurting. Big time.
While environmentalists have warned that the rapid growth of ethanol posed a danger to sustainability, the alarm may be somewhat misplaced. Oil has topped $122 a barrel and could be heading to $150. But the ethanol bubble has already popped. The recent poor results from ethanol producers is far more likely to hinder further development than any change in government policy.
Well, it was fun while it lasted, no?

That sure was quick.

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