live_long_and_prosper_sTock

The Case Against Ethanol

Geez. What interest! IF ethanol is produced efficiently, plenty of studies have shown a GAIN of 30 to 35 %. That's all BTU in = 100, and all VALUE out (ethanol plus byproducts -- cattle can still eat the heck out of the "distiller's grain" that remains) = 130+
The point is that Eth is "drive around" energy !! The coal isn't. The Nat'l gas sure isn't very. And the "green energy" from the Nuke plant also doesn't use any petro products. I can drive to our local Nuke plant, and right adjacent to it is the power company's biggest customer -- a Cargill corn processing plant. Some studies say the gain from ethanol is up to SEVEN times in "drive around" energy consumed. That said, in no way are bio-fuels THE answer!! But they are a PART of the many answers. Invest in / or work for / even better batteries -- then you can put the output of the wind, the Nuke, or the solar power "in your tank" directly.

Should We Buy the PetroChina Stock Buffett Sold?

Well, Chad ... I HAD PTR as well ... have had for quite some time. Sold half at 150 - 160 on way up .. sold the rest at 160 on the way down.

PS .. I live in Omaha, and go -- every year -- to a 4 or 5 hour meeting with Warren. Just he and I ... and (last year at the Qwest Center) 20,000 others. I've really done quite well over the years by paying good attention to what W.E.B. buys ... AND SELLS. I'm smart enough not to argue with him. (except maybe politics)