Monday, November 06, 2006

Ethanol emergency - FORBES ARTICLE

Ethanol emergency - Sympatico / MSN Finance
This is accurate reporting. The initial rush into North America's ethanol markets and now a pull back is the pattern we are seeing.
A couple of numbers to watch are:
  • US$3.50 per bu for corn is breakeven for ethanol
  • US$35 per gallon for oil is the cost driver for ethanol

I also like the term "food fight" beauty