Pacific Ethanol, Inc. (PEIX)

All Comments on PEIX

  • commenter
    Subsidy Eye
    Oct 08 12:16 PM
    My Website
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    Um, from where does the "2 to 3 times more efficient than previously thought" come from? The article says "Compared to just five years ago, ... ethanol plants produce 15 percent more ethanol from a bushel of corn and use about 20 percent less energy in the process". It is unclear whether they mean that the plants have reduced their energy use per gallon or per bushel by 20 percent (the latter would then mean a gain of 44% more gallons for the same amount of energy inputs), but I'm not sure how that translates into "2 to 3 times more efficient".

    I agree with Duude, of course, when he writes, "So then, let's get rid of the subsidy and see how it works." Wheels 14 writes, "Are you willing to get rid of all subsidies? We could start by getting rid of the subsidies oil and natural gas receive."

    Of course we should. But let's compare apples with apples. According to a recent study by Friends of the Earth, "Big Oil, Bigger Giveaways",

    www.foe.org/pdf/FoE_Oi...

    oil companies will receive around $33 billion from the federal government over the next five years. That comes to $6.6 billion per year, divided over 75 billion gallons (1.8 billion barrels) of production, or $0.088 per gallon.

    tonto.eia.doe.gov/dnav...

    By contrast, the federal volumetric ethanol excise tax, starting next year, will be $0.45 per gallon (or $0.67 per gallon of gasoline equivalent). Assuming average production of 11 billion gallons a year over the next five years, that will come to a total of just under $5 billion per year, just for that one subsidy. Add in other federal subsidies (e.g., the small ethanol producer tax credit and subsidies for R&D and demonstration plants), and total federal outlays in support of ethanol will easily come up to parity with oil ... but for 1/10th the amount of energy.

    Oil companies do not need federal subsidies. Some ethanol producers might "need" subsidies to survive. But why should we keep them dependent on the public teat? And why should ethanol producers have priority over other sectors for government hand-outs during these austere times?     Reply
  • commenter
    Charlie
    Peters
    Oct 08 12:12 PM
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    Does corn fuel ethanol policy increase gas use and Big oil profit?

    Some folks think so

    Clean Air Performance Professionals     Reply
  • commenter
    nakedjaybird
    Oct 08 12:04 PM
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    CLH - you need to go to school. 1.5 is still 50% greater than 1.0. AND from exploring, drilling, processing, transporting oil, much energy is used - and to do what. BURN IT. Stupid!!!!!!!!!!!!! Reply
  • commenter
    paulk8756
    Oct 08 11:12 AM
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    So if corn ethanol is so viable, what about sugar? Sugar ethanol contains 6X (!) the energy of corn at a comparable cost. The U.S. has ample acreage to produce sufficent sugar to replace e-85 entirely.

    If your goal is to promote renewable vegetable based fuels to replace our dependence on foreign oil, then, you should be touting sugar, NOT corn for this purpose. But you WON'T, which means you're all about the corn industry, NOT energy independence.     Reply
  • commenter
    john s.
    gordon
    Oct 08 08:19 AM
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    big oil will never let you delete their subsidies.
    > jack     Reply
  • commenter
    wheels14
    Oct 07 05:31 PM
    My Website
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    Duude

    are you willing to get rid of all subsidies? We could start by getting rid of the subsidies oil and natural gas receive.     Reply
  • commenter
    Bill6
    Oct 07 04:06 PM
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    Actually, 1.5 is 50% more. You get out 150% of the energy that you put in. Did you go to school? Reply
  • commenter
    CLH
    Oct 07 03:30 PM
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    1.5 is close to one which means ethanol is close to worthless. Oil takes very little energy to produce. Did you go to school?

    And nuclear power is even better than oil. You dont need to tell me you are an al gore fan.     Reply
  • commenter
    Duude
    Oct 07 03:10 PM
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    So then, let's get rid of the subsidy and see how it works.
    I think I like better algae-based biofuel as an alternative fuel down the road.     Reply
  • commenter
    Is This
    Right
    Oct 02 04:25 PM
    Pacific Ethanol: Market Growth and Increase in Production to the Rescue [view article]
    This comment is one month later after the original post.

    On Oct 2nd at an Oppenheimer Investment event, PEIX CEO stated that although they have increased prodcution, sales volume will be approx 50/50% in-house vs resales production.
    So, just to correct point # 2 above, resales group is growing as fast as the new plant coming online in 2Q and 3Q... Good news that local markets are absorbing both production and resales gallons coming across from other companies.     Reply
  • commenter
    Is This
    Right
    Sep 30 11:16 AM
    Why I'm Selling Pacific Ethanol [view article]
    Another 'financial engineer' who does not understand the business. The company had a construction program going for 3 years. You can look at current expense vs income. Of course the outflow of $ are more than income... If you understood the business part, you would have excluded construction expenses and make your deduction on 1- cost of good sold, and 2- SG&A and 3/ on Margin. At least your argument would be on solid ground.

    Funny, ...my second comment is that you made your observation right around when they announce that they have COMPLETED their construction of 4 plants and now have reached the 220billion gallons capacity that they had as a goal for the company. Last celebration opening day on Oct 10.     Reply
  • commenter
    Bill6
    Sep 29 06:35 PM
    Why I'm Selling Pacific Ethanol [view article]
    Bummer for you. It went up 50% the day after you sold it. Doh! Reply
  • commenter
    Bill6
    Sep 29 06:35 PM
    Why I'm Selling Pacific Ethanol [view article]
    Bummer for you. It went up 50% the day after you sold it. Doh! Reply
  • commenter
    paultaut
    Sep 29 05:54 AM
    Why I'm Selling Pacific Ethanol [view article]
    or better yet, one should check to see whether Insiders feel these levels are undervalued. If they are selling at depressed prices, why would anyone consider purchasing them? Reply
  • commenter
    drmackey
    Sep 29 01:38 AM
    Why I'm Selling Pacific Ethanol [view article]
    The next time you are at a fuel station and there is a tanker dumping fuel into the ground tanks, stroll over and ask just how much ethanol is going in also. You will be surprised. I hold free shares of PEIX, after selling at a
    high, so I'll just keep them and someday?? they just might be at that high again.     Reply
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