Posted by mike lee on January 23, 2009 at 18:35:37 from (204.110.227.11):
In Reply to: ethanol posted by ken in texas on January 23, 2009 at 14:58:04:
Some of the ethanol plants were financed in a pyramid scheme type fashion in which the first round of investers made made some healthy profits,which I have nothing against, but for long term sustainability, it usually doesn't work. We all seem to want a fast track to riches and forget about the long term. I would like to know why North Dakota sweet crude trades 10 to 20 dollars under Mideast crude. I think that comodities should only be traded by producers and end users, in other words by if you are going to trade in pork bellies you better have a big refridgerator. Speculation is what caused the crash in "29". We seem to learn so very little.
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