Ethanol’s days are numbered
The worm has turned, the bloom is off the rose… Pick your favorite cliche, but when this shows up on A1 of the Wall Street Journal, you know, to use another cliche, ethanol's days are numbered:
In the span of one growing season, ethanol has gone from panacea to pariah in the eyes of some. The critics, which include industries hurt when the price of corn rises, blame ethanol for pushing up food prices, question its environmental bona fides and dispute how much it really helps reduce the need for oil.
Halleleujah! This boondoggle, enabled by generous government subsidies, is finally being recognized for what it is:
Now the fuel's lobby is pleading with Congress to drastically boost the amount of ethanol that oil refiners must blend into gasoline. But formidable opponents such as the livestock, packaged-food and oil industries also have lawmakers' ears. What once looked like a slam-dunk could now languish in pending energy legislation that might not pass for weeks, if ever.
Of course, readers of Oustanding Investments have known for months that ethanol is a joke. Byron King pointed out the plunging profits on ethanol… and Kevin Kerr predicted after his Midwestern tour in the summer that “The building boom in ethanol plants is likely to go bust by the end of 2007, and the whole industry will probably peak sometime in 2008.”
Check out this special report from Byron and Kevin to learn where the real money's to be made in the energy sector.
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Looks like you need to wake up!Ethanol is here to stay!It burns and propel an engine and to some extent can replace oil!
Don’t believe me? Take a look to Brasil…
You are right only about one point: the days of ethanol MADE FROM FOOD are numbered. But considering ethanol can be made from a lot of other stuff excepting corn, wheat, sugar,potatoes, etc., you are dancing on the grave of it a little too soon…
Comment on November 28, 2007 @ 11:21 pm
The WSJ got our position on ethanol wrong.
Used without proper context in an article that broadly covers criticism of the ethanol industry, it appears that the American Lung Association is an ethanol critic. This is not true. The American Lung Association recognizes that alternative fuels can play an important role in the reduction of fossil fuel use and that they can vary significantly in their impact on lung health because of their composition and application.
For example, the American Lung Association of the Upper Midwest has led a nationally-recognized E85 (an ethanol-based alternative fuel that can be used in flex-fuel vehicles) pilot program since 1998. We remain a strong supporter of E85 and biodiesel, both of which have been tested and approved by the Environmental Protection Agency as cleaner-burning alternatives to traditional petroleum fuels.
Comment on November 29, 2007 @ 11:40 am
“Don’t believe me? Take a look to Brasil…”
If you think slave labor is acceptable:
http://www.brazzilmag.com/content/view/7974/54/
then maybe ethanol is going someplace.
the other thing: brazil discovered petrolium and has become an exporter of petrolium.
Comment on November 30, 2007 @ 11:14 am