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Tuesday, August 24, 2010

Ethanol: Nothing To Do With the Bakken, Except Maybe Indirectly

October 21, 2010: government allows 15% ethanol in gasoline blend for automobiles newer than 2007. Today, most companies are reporting increased earnings and higher expectations going forward. One exception: Kellogg.  Kellogg warns again for full year earnings based on lower cereal sales. Corn being used for ethanol ain't gonna help. Also, consumers changing buying patterns: buying breakfast on the run at fast food restaurants; cereal is simply getting too expensive -- over $4.00 a box. I can't afford it any more.

Plain talk about energy, including my favorite: ethanol. "Favorite" as in "favorite scam."

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