Fahey, Jonathan
February 2007
Forbes Asia;2/12/2007, Vol. 3 Issue 3, p43
This article talks about the U.S. ethanol industry. In 2006, when oil prices were high, corn prices were low and ethanol producers were reaping huge profits distilling corn mash into fuel, 75 ethanol distilleries went under construction, on top of the 111 currently operating. Amid the frenzy, corn prices spiked, ethanol prices collapsed and more ethanol supply came online. Daniel Basse, president of AgResource, predicts the ethanol makers that were coining money in 2006 are on track to start losing money by the end of 2007.


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