subsidy renewals more likely.
The Gulf of Mexico disaster makes a much greater the liklihood that the ethanol mandates will be maintained.
According to Progressive Farmer: Members of the Renewable Fuels Association are scheduled to meet with Congressional office members from Ohio, Indiana, Kentucky, Wisconsin, Michigan, North Dakota, South Dakota, Minnesota, Kansas, Illinois, Nebraska and Iowa this week, Domestic Fuel said, as the industry makes its case on several key issues facing ethanol.
“No one advocates better on behalf of American ethanol then the men and women directly responsible for its production,” said RFA President and CEO Bob Dinneen. “These industry leaders are at the forefront of creating jobs and economic opportunity in rural America while simultaneously providing part of the solution to our nation’s energy and environmental challenges.”
The meetings come as President Barack Obama is making stops in the Midwest this week, including a visit to a Missouri ethanol plant on Wednesday.
Conclusion: One more thing emphasizing the importance of using all available alternative resources to reduce our reliance on imported oil.
You know there are other environmental factor over looked when ethanol is compared to gasoline. Its not just about the carbon foot print or energy balance either. There are ground water, ocean and river water impacts from oil production. I dont know how one can quantify the energy costs for the clean up of the gulf spill, and i guess that is why its not included in calculations as are the defense costs for oil supply lines and oil field security. bio fuel has some un accounted for benefits imho.
High crude prices and low profits on refining might also benefit ethanol. One can debate the environmental foot print of ethanol forever, but one just does not see the environmental cost of spills as part of that calculation. Thinking pot does well long term but 2010 might not be an exciting year for pot or agu etc. low crop commodity prices have got to limit the farmers purchase decisions. My guess is we likely see a weaker crop year in 2010 with rebound in commodity prices followed by a better 2011 for pot, agu etc. jmho
who profits from black beaches, empty oceans,
polluted drink water and deserted landscapes
and uncountable dead birds and fishes?
Do you want to drink oil and eat coal or potash sand for breakfast?
Look, I aknowledged in my post it is a disaster. Did you read it? What the hell does the price of corn benefitting POT have to do with me eating oil or sand? I am a professional trader, it is how I make a living. I give ten pecent of what I make to help kids who are less fortunate then I have been. Get it? The price of POT directly effects my life as well as those kids I give to. The environmental impacts of this spill are totally out of my control and I am saddened by it, but by God in Heaven if I can profit from POT I am going to.
That is wonderful news, that some benefit can come from such a disaster. I consider my life as well as my fellow investors lives to be paramount. If we can benefit directly then we can continue to improve our lives as well as others.