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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Ken W who wrote (10996)	11/17/2005 2:32:51 PM
From: Galirayo	Read Replies (1) of 23958

[PEIX] Ken .. I'm sure its FA still stinks .. but MAN check out this Candle .. that thing is Huge! Weekly .. stockcharts.com Which came 1st .. though .. the Chicken .. or the Egg ? 11.17.05, 10:34 AM ET Even so, Microsoft co-founder Bill Gates seems to want a piece of the action when it comes to renewable energy. The billionaire's investment company, Cascade Investment, has agreed to invest $84 million in Pacific Ethanol (nasdaq: PEIX - news - people ) which will help it finance construction of several planned fuel-additive plants on the West Coast. Cascade's investment gives Gates a 27% stake in Pacific Ethanol. Gates will be sharing the company with petroleum distributor SC Fuels, which owns the majority stake in the ethanol producer and is one of its biggest customers. It could be a lucrative investment, since federal law requires that the U.S. nearly doubles the amount of ethanol it uses annually to 7.5 billion in 2012 from 4 billion gallons in 2006. Pacific Ethanol's President and Chief Executive Officer Neil Koehler said in a statement that he was "excited about the prospect of a long-term partnership with Cascade Investment." "Our mission is to be the leader in renewable fuels in the Western United States. This investment gives us the equity commitment required to quickly implement our plan to build out our first five ethanol plants." forbes.com

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