(Bloomberg) -- The steepest decline in ethanol since
2001 may be ending, buoying profits at Archer Daniels Midland
Co., VeraSun Energy Corp. and Aventine Renewable Energy Inc.
Ethanol tumbled 43 percent in the past 12 months, making
the corn-based fuel additive cheaper than gasoline for the first
time in two years. The difference in price will persist through
2007, spurring ethanol sales as oil refiners use it to stretch
fuel supplies, said Ian Horowitz, an analyst at Soleil
Securities Corp. in New York.
Read more at Bloomberg Energy News
2001 may be ending, buoying profits at Archer Daniels Midland
Co., VeraSun Energy Corp. and Aventine Renewable Energy Inc.
Ethanol tumbled 43 percent in the past 12 months, making
the corn-based fuel additive cheaper than gasoline for the first
time in two years. The difference in price will persist through
2007, spurring ethanol sales as oil refiners use it to stretch
fuel supplies, said Ian Horowitz, an analyst at Soleil
Securities Corp. in New York.
Read more at Bloomberg Energy News
1 comment:
I wouldnt be so sure of that...Ethnaol stocks might never bounce back...the reasoning behind this? Well, there is many...I recommend reading this report.
Why Ethanol Cannot Live Up to all the “Perfect” Energy-Solution Hype
Cheers!
Post a Comment