I think it's a very real possibility. Oil companies have money to burn. Some have already moved to acquire/partner with ethanol companies. The reason they fight so hard against the ethanol mandate is because by definition, they lose 10% of their market share. If they can't beat the corn belt, they might give up the fight and decide to get back the 10% in another way. Buy it back. Especially with ethanol being profitable and drilling becoming less profitable, the timing makes sense. Then if oil makes its way back to $100 over the next few years, then they can push to reform/eliminate the RFS again at that time, but without the resistance of the ethanol industry. Because they will have become the industry. I tend to agree though that tomorrow will be a bit rough. But I don't think it will last long. We should also benefit from significantly increased institutional ownership. That should provide price support. I still believe we will be back in the low $20s by the end of the year and mid to high-20s shortly after earnings.
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