Sun, Apr 20, 2014, 10:49 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Archer Daniels Midland Company Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • wilkes71 wilkes71 Dec 20, 2005 2:10 PM Flag

    FORD LATELY!

    Does ADM produce ethenol? If so, is it profitable?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Of course Ethanol is profitable because of our tax dollars. It wouldn't be profitable without the subsidy.

      Both ethanol and biodiesal are costly government boondogles.

      • 2 Replies to whygolong
      • whygolong, for over 25 years the US government has had a military presence in the Middle East to protect the supply of ME oil. This has cost the US taxpayer on average $60 billion dollars per year not counting the cost of either Gulf War. On average we imported $20 to $30 billion yearly for ME oil during that period. That is part of the rather large US government subsidy for oil. We are talking well over one trillion dollars.

        The corn used to produce ethanol is grown for animal feed. Producing ethanol from feed corn is a value adding process producing high protein animal feed, corn sweetners, and other byproducts plus ethanol. It would take the same amount of energy to grow the corn without the value adding processes. The distillation of ethanol from corn requires much less energy every year due to the use of enzymes and new varieties of yeast.

        Soon we will start to see cellulose ethanol produced for grass producing twice the ethanol per acre as corn at a lower cost in dollars and energy than corn ethanol.

        Whose side would you perfer to be on the American Farmer's or the Islamic Militant's? Recent studies claim that the US could produce 120 billion gallons of ethanol per year from biomass without impacting our ability to grow food crops. That would mean energy independence by employing additional US citizens and the end of importation of expensive and environmentally destructive oil.

    • wilkes71, you could easily use Google or another search engine to answer your questions. Enter "ADM 2005 ethanol production" or something better of your own construction into the Google query and "Search" the Internet. You can chose from the many returned links and use the most credible sources to determine the answer to your questions.

    • There is a very good article in the Dec. 26,05 Fortune Magizne discussing the tax bill and ethanol it states that refiners get 51 cents a gallon subsidy for every gallon of ethanol they use in their blends, so I would say the demand will go up.

 
ADM
45.04+0.02(+0.04%)Apr 17 4:01 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.