Replies to post #425 on Strattner Financial Group (SCNG)

[looznbux]

Earth Biofuels Spins Off LNG Subsidiary in Consideration for Majority Ownership of PNG VenturesLast update: 7/7/2008 9:15:01 AM

DALLAS, Jul 07, 2008 (BUSINESS WIRE) -- Earth Biofuels, Inc. (EBOF) today announced the closing of a share exchange with PNG Ventures, Inc. (PNGX) that has resulted in PNGX acquiring EBOF's wholly-owned subsidiary, New ELNG, LLC, which includes Applied LNG Technologies USA, LLC ("ALT") and its related LNG business, in exchange for the transfer to EBOF of a majority ownership of PNGX.

[ORCA]

Bad stuff.And you thought .021 was a gift lion??Spartan Mcmillian.Read Article.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30350806

(COMTEX)B: Biofuels Industry Continues to Take a Pounding as Feedstock an
Construction Costs Keep Rising, a Feature of "Naviga
B: Biofuels Industry Continues to Take a Pounding as Feedstock and Construction
osts Keep Rising, a Feature of "Navigating the Currents of Change" on Industrial
nfo.com ( Market Wire )

SUGAR LAND, TX, Aug 20, 2008 (MARKET WIRE via COMTEX) --
Researched by Industrial Info Resources (Sugar Land, Texas) -- In
the first half of 2008, not a single corn-based ethanol plant has
started construction, and the biodiesel industry had only a handful
of construction starts. Almost daily, projects are being canceled or
being put on hold until market conditions improve. Corn prices have
risen to $7.11 per bushel, and soybean oil is at an all-time high of
$5.78 per pound. Flooding in the Midwest has also affected this year's
corn and soybean crops, but the industry is not yet in panic mode.

The U.S. Department of Agriculture estimates that this year's corn
crop will be the second largest in history despite the flooding that
plagued the Midwest this summer. Predictions for this year's crop are
estimated to be 12.2 billion bushels of corn with an average yield of
155 bushels per acre.

The current capacity of ethanol in the U.S. is 9.8 billion gallons,
and it is estimated that about 24% of this year's corn crop will go
toward ethanol production. Ethanol production from corn is expected
to top out at 15 billion gallons per year, and the remaining 21
billion gallons needed to reach the 36 billion-gallon renewable-fuels
standard by 2022 will have to come from feedstock sources other than
corn.

Ethanol production from cellulosic materials is the future of the
industry, and the technology for doing so is arriving. Companies like
Broin, Verenium (NASDAQ:VRNM) (Cambridge, Massachusetts) and Range
Fuels are at the forefront of commercial-scale cellulosic ethanol
production, and the technology has been proven and put into
operation.

Join Jay Brunson, Vice President for Industrial Info's Alternative
Fuels Group, in a "Navigating the Currents of Change," webcast for an
in-depth discussion on the controversial biofuels industry.

Industrial Info Resources (IIR) is a marketing information service
specializing in industrial process, energy and financial related
markets with products and services ranging from industry news,
analytics, forecasting, plant and project databases, as well as
multimedia services. For more information send inquiries to
[e-mail] or visit us at
www.industrialinfo.com.
Contact:
Joe Govreau
713-783-5147

SOURCE: Industrial Info Resources
Copyright 2008 Market Wire, All rights reserved.
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