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Archer-Daniels-Midland Company Message Board

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  • manylumen manylumen May 6, 2009 4:04 PM Flag

    Ethonal: PEIX: $0.62, VRNM: $0.47, all moving

    While not a huge number of jobs the ethanol sector does provide some good employment, while reducing reliance on foreign import of crude with cash flow out of the country. The dollars given to chrysler and perhaps GM might never get repaid and they may still fail. Some indirect support for bio fuel to keep jobs might make some sense. I also noticed that gasoline inventory is down a bit this week and price of gas is going to rise. Having said all that i hope adm does not expand its ethanol business further. I would rather see adm diversify into fertillizer if given the opportunity. and further having said all that should peak oil really be upon us soon or already and crude prices spike again ethanol might be an important part of the auto fuel energy mix, and that could be the major reason behind the government wanting ethanol fuel.

42.39-0.17(-0.40%)Aug 26 4:00 PMEDT