This looks exactly like the mad scramble to put internet infrastructure in place some years ago. By the time enough fiber was put in place the boom was over. Another sign that the energy sector has topped.
Despite continuing doubts about whether ethanol provides a genuine energy saving, much of the nation's heartland is in the middle of an explosion of the modern-day alchemy of turning corn into fuel. At least 39 new ethanol plants are expected to be completed over the next 9 to 12 months, projects that will push the United States past Brazil as the world's largest ethanol producer.
"This is a bit like a gold rush," warned Warren R. Staley, the chief executive of Cargill, the multinational agricultural company based in Minnesota. "There are unintended consequences of this euphoria to expand ethanol production at this pace that people are not considering."
Ethanol Stocks
ADM,Archer Daniels Midland
ANDE,Andersons Inc (The)
GPRE,Green Plains Renewable Energy
MGPI,Mgp Ingredients Inc
MON,Monsanto Co
PEIX,Pacific Ethanol Inc
VSE,VeraSun Energy Corp
No comments:
Post a Comment