Thursday, March 29, 2007

Pig poop: subsidies vs taxes

Environmental Economics has a post touching on the taxes vs. cap'n trade vs. subsidies subject of the last few posts.

It's been pointed out to me that ADM's stock seems to be waking up. Watch for a retracement of yesterdays gap open and it may be setting up one of Mr. O'Neills saucer & handle formations.

Which may portend passage of the $6 Bil. in subsidies for cellulosic ethanol currently being proposed. Stocks are smarter than commentators.