Due to the Federal Government, the Law of Unintended Consequences, and their supposed lower carbon footprint, Brazil will continue to ship cane based ethanol here. Due to demand and free markets, the US Ethanol Industry will continue to ship cheaper corn based ethanol to Brazil.
This article also covers a recent California court ruling that benefits corn based ethanol. It has comments from Todd Becker [The CEO of GreenShift's biggest customer - GPRE] among others and mentions both the ethanol subsidy and the tariff that expired Dec. 31.
No corn oil mentioned directly but corn oil makes up an increasing amount of what is referred to here as "vegetable oil":
"Biodiesel, which is made from vegetable oil, animal fats and restaurant grease, will fill most of that advanced biofuel requirement."
"In 2012, the U.S. renewable fuel standard will require refiners to use 2 billion gallons of what are known as advanced biofuels, a category that excludes corn ethanol."
SEE HERE
SkunK
Tuesday, January 17, 2012
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7 comments:
its looking like 30-35 cents a share is very likely where were headed before the weekend
yes true
look at the spread
shares are real tight
somebody slapen lots of asks!
Go Longs! If it ever gets to $3.00 per share I can break even and cut my losses. But Fuck I am not even going to lie. I would like to see this puppy shoot up to $8:00 over the next year or two. Stranger things have happened :) Go team gers :0
Also, if it ever get's to a buck I am going to set a trailing stop and let this puppy fly. go team gers :)
Holy volume Batman!
Mega trade alert! 156,500 @.205
Yea saw that. Bid ticked up too.
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