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To: Bearcatbob who wrote (44237)5/21/2005 3:18:45 PM
From: ChanceIs  Read Replies (3) | Respond to of 206144
 
Yes, "Yawnnnnnnnnnnnnn."

What is important as investors is to understand the nature of government - that it can't act dynamically due to its own inertia. "W" campaigned on a new national energy policy back in 2000. Its only been five years in the making.

I get such a kick out of ethanol. There is significant disagreement about whther or not ethanol costs more in energy to fabricate than it is released when it is oxidized. Given the apparent commitment to the fuel source, you would think that there would be complete agreement. Ahhh well.

Where there is NO DISAGREEMENT is that it is a total loser financially. It is completely unviable without massive federal supports. Now I ask you. Doesn't it take corn to make ethanol??? Doesn't it take fertilizer to grow corn??? Doesn't it take natural gas to make fertilizer??? I don't know for sure about the energy balance, but the cost balance has to have moved from a loser to financial disaster. I bet a huge ethanol requirement is tucked in the Energy Bill.

Bad news for America. Great if you own CHK, EPEX, etc.