Wednesday, March 23, 2011 4:08:19 PM
I have read a few speculative posts on 2010 year end revenue previously. Here is my speculative post on the subject.
1,200,000,000 gallons of of ethanol produced (goal of 2010?)
The green shift website states that from 100 gallons of ethanol 6 gallons of non-edible corn oil can be produced?
So 1,200,000,000/100=12,000,000x6=72,000,000 gallons of corn oil?
At a price of $2.50 a for a gallon of corn oil that leaves us at $180,000,000 for the ethanol producers, and I beleive 20% is the cut that GERS gets? Therefore, $180,000,000x.2=$36,000,000.00 in revenues for the stated goal of 1,200,000,000 gallons of ethanol.
I might be way off and I understand there is much more complexity, however I am trying to ballpark it. Constructive criticism is welcome. I may be confusing gallons with barrels? Thoughts?
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