Tuesday, January 29, 2008

Short the Ethanol Stocks? ( ADM; AVR; PEIX, GPRE; VSE)

From the Wall Street Journal's Environmental Capital blog:

Bodman: An End to Ethanol Tariffs?
Energy Secretary Samuel Bodman raised eyebrows with tantalizing comments about U.S. ethanol policy and a troubled carbon-capture project.

At a luncheon with biofuel industry executives hosted by the U.S. Chamber of Commerce, Mr. Bodman was asked about the prospects for extending tariffs on imported ethanol.

“I think this industry is pretty close to being able to stand on its own,” he said. President Bush’s budget proposal, due next week, “will start to deal with that question,” Mr. Bodman said, without further elaboration....MORE