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Gold/Mining/Energy : Archer Daniels Midland
ADM 56.97+0.4%Nov 7 9:30 AM EST

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To: gladman who wrote (46)8/2/2006 9:12:37 PM
From: Edscharp  Read Replies (1) of 84
 
>>>producing ethanol it would not satisfy even a small % of consumption. <<<

The USA last year used about 240 billion gallons of gasoline. ADM is currently predicting they will producing 7.5 billion gallons of ethanol by 2007.

That's 3% right there. Granted, a drop in the bucket, but it's just the beginning.

I have a feeling you didn't view the video. I hope you get an opportunity to do so. Land use and other issues are addressed in the video.

Regards, Ed
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