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ecpa | Yes in my opinion. Local example here, a yr ago our Governor made a deal with big oil (Luk Oil) to bring ethanol to pa. consumers. To this date Luk Oil now has control of all Mobil stations in the area but still no ethanol. Here is the catch, these stations were bought by Luk Oil from Exxon. How many strings were attached to that deal? Luk Oil is holding back on ethanol while Exxon builds a war chest big enough to buy all ethanol plants at 50cents on the dollar from all those poor farmers. I am convinced once Exxon starts buying the ethanol plants then it will flow at our pumps.
ADM sees this power of big oil so the cooperation with concoco should be a good deal for all they have invested. Can"t beat em, join em.
Where is the ethanol going to come from? Future says corn is out! Biomass as it is called will be the future. Even the new farm bill will be pushing biomass (swithgrass or what ever), heard that from Sen. Lugars own lips on TV. He is willing to subsidize it through the farm bill just to relieve pressure on corn for end users and cheap food policy. Sounds just like another welfare check for us farmers if we switch to biomass. There goes the free market.
Edited by david ecpa 10/10/2007 07:19
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Oil companies kill the ethanol boom?
