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sashex001

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sashex001

Re: petermic post# 8383

Monday, 11/28/2011 2:19:31 PM

Monday, November 28, 2011 2:19:31 PM

Post# of 30377
Lol you do not have to be so dramatic, Ihub is small and nothing here effects the PPS of PEIX

My point is you post old outdated information, bring something new then we can debate the information.

The end of ethanol tax credit has been priced in, and the CEO of PIEX has covered the topic.
Long story short US is the world largest producer of ethanol and the smallest consumer of it. The tax break only effects ethanol sold in the US, the money is made by exporting it.

Why?
Simple, today it is cheaper to produce ethanol from corn then making it from sugar.

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