Alto Ingredients Inc (ALTO)

[kel3]

Oil Demand Fell 2.3%,Ethanol production down 14%

FYI
Ethanol Production Fell 11.7% More than Oil Demand & Still Falling.
http://www.eia.gov/oog/info/twip/festusm.gif

Production Down
Ethanol production is down 14 percent this year to 824,000 barrels a day, on pace to drop on an annual basis for the first time since 1996 as companies wrestle with declining margins for making the fuel from corn, Energy Department data show.

Based on December contracts for corn and ethanol, producers are losing 29 cents on each gallon of the fuel made, up from 28 cents yesterday, excluding the revenue that can be made from the sale of dried distillers’ grains, a byproduct of ethanol production that can be fed to livestock, data compiled by Bloomberg show.

Another thing,thier not Including revenue that can be made from the sale of dried distillers’ grains