I think ethanol use has been continued all during the oil decline and recent rise. Remember, they get a subsidy from the Government.
The nice thing about companies like Bluefire is their raw material cost is very low, depending on just what they choose to use(in BFRE's case it will be wood chips,etc).
Only one thing holds Bluefire back now,IMHO, that being the financing required beyond the #270M loan promised by the China EXIM Bank. We know more than one source has been approached for this, and I am expecting to hear good news about this before much longer, with crude prices rising again.
