Friday, October 05, 2007

Ethanol Running Out Of Gas?

Several wire service articles and "local" papers have run pieces similar to this one from the PJS:
"Ethanol-fueled boom losing steam"

One of the most telling items was this from Chet Perry, president and CEO of Barrington-based ITEC Refining and Marketing:
"Everybody, in my opinion, is holding out to see what comes out of Washington in the next energy bill and the next farm bill," he said. "I know a lot of people in the industry would call me a Judas for saying this, but as long as you have mandates, it's a license to steal."
Indeed. Ain't government market intervention wonderful?