Summary: President Bush explained his dedication to help the U.S. find alternatives to oil even as oil prices have eased of late in an interview with The Wall Street Journal. He focused mostly on the benefits and ongoing challenges of expanding the use of ethanol. Two key areas are the transportation of the fuel and increasing the number refueling stations that sell it. There are reportedly only 1,000 stations selling ethanol out of 170,000 across the U.S. Mr. Bush mentioned federal government efforts such as funding for a project to build fueling stations on a highway that connects Indiana to the Gulf Coast. His vision consists of ethanol availability expanding on a regional basis related to locally grown fuel sources. He commented that private-sector and venture-capital investment will continue to play an important role.
Related links: Full WSJ article • WSJ: President Bush Interview Transcript • Imperial Sugar: 'Sweet' Ethanol Long Play, or Commodity Boom Bust-in-Progress? • Back to the Fuel of the Future: Top Seven Ethanol Plays • Ethanol IPO Hype is Gone • Ethanol and Oil Sands Stocks at Risk?
Potentially impacted stocks and ETFs: Ethanol stocks: Archer Daniels Midland (ADM), Aventine Renewable Energy Holdings (AVR), Green Plains Renewable Energy (GPRE), MGP Ingredients (MGPI), Pacific Ethanol (PEIX) and VeraSun Energy (VSE) • ETFs: PowerShares WilderHill Clean Energy (PBW), United States Oil (USO) and Energy Select SPDR (XLE)
Seeking Alpha is not affiliated with The Wall St. Journal.