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The Ethanol Bust
Fortune ^
| 2/28/2008
| Jon Birger
Posted on 02/28/2008 7:51:21 AM PST by rb22982
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To: Ole Okie; Grampa Dave
"wild-ass guess"Ya just gotta love them there WAG's!!!
One can even WAG a DOG!!!
41
posted on
02/28/2008 1:13:41 PM PST
by
SierraWasp
(McCain's NOT a RINO! He's a CONTRA CONSERVATIVE!!! A political hermaphrodite like Schwartzenswindler)
To: rb22982
There is a place for ethanol, but this latest boom was nuts. Many of the contractors building the plants were fly by night outfits. I know of one reputable builder who was specializing in fixing the mistakes of the original builders.
That and plants were being built where it is just nuts to put one. You need a feed source (corn, wheat, or milo), a place to sell the DDG, water, and good access to a railroad. Otherwise the margin is just to small. With the increase in oil costs, the margin is razor thin anyway.
42
posted on
02/28/2008 2:29:13 PM PST
by
redgolum
("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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