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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (63767)	5/14/2005 9:25:25 PM
From: Maurice Winn	Read Replies (1) of 74559

Which is why oil prices will be going down, not up. Short it all! Back to US$30 sooner rather than later. Lord John Browne didn't get to the top of BP by not knowing what oil is worth. <AMERICAN output of maize-based ethanol is rising by 30% a year. Brazil, long the world leader, is pushing ahead as fast as the sugar crop from which its ethanol is made will allow. China, though late to start, has already built the world's biggest ethanol plant, and plans another as big. Germany, the big producer of biodiesel, is raising output 40-50% a year. France aims to triple output of the two fuels together by 2007. Even in backward Britain a smallish biodiesel plant has just come on stream, and another as big as Europe's biggest is being built. And after long research a Canadian firm has plans for a full-scale ethanol plant that will replace today's grain or sugar feedstock with straw. Output is still tiny compared with that of mineral fuels. But the day of the biofuel has arrived. > Mqurice

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