Posted 12/11/2007 09:44 (#257455 - in reply to #256624) Subject: Re: Energy Bill: A good read.
From the article.
"As corn represents the primary raw material in the production of ethanol, high
corn prices pose risk to our estimates. Our long-term projections call for corn
prices of $2.75/bu.
Meanwhile, as ethanol prices are positively correlated to crude oil prices, low
crude oil prices pose risk to our estimates. Our short-term projections for crude
oil are in the mid-to-low $60/bbl"
Energy Bill: A good read.
