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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Bearcatbob who wrote (144042)1/22/2011 3:35:59 PM
From: MIRU  Read Replies (1) of 206093
 
BC, Speaking of ethanol, apparently we are devoting 40% of the corn crop to it. Rule of thumb - a 10% change in supply or demand can move prices down 50% or up 100%. So what does 40% do? Ethanol is causing lots more grief than any possible benefit, but it will take a brave politician to try to do anything about it.
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