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1 Comment
Ethanol Is Dead: How You Can Still Profit From It [view article]
High corn prices is a short term issue. There's always a new crop year. In the early 1970's corn went from $0.75/bu. to $1.75/bu. within a few weeks, "A disaster". We've survived that and many other short term commodity issues since. We can't change laws and mandates because of 100 year floods. Ethanol may not be the perfect solution to oil imports, high gasoline prices, and auto air pollution, but at this time is there anything better? The detractors of ethanol point to the negative issues, but we seldom see, without doing our own research, what the benefits of ethanol have been to the economy, reduced air pollution, reduced per gallon cost of gasoline, and the cost of foreign oil not purchased due to the inclusion of ethanol in gasoline. And remember, the government subsidies for ethanol are minor in comparison to those paid to the oil industry.Jun 30 12:37 PM