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ghcnj

08/07/09 1:50 PM

#37273 RE: EarnestDD #37271

I would think that is why the PR stated non-food, low-cost feed stock in addition to scalable technology. They are not looking at high feedstock prices.


"As we concentrate on non-food, low-cost feed stock in addition to scalable technology, we are confident that our business model has been proven and we intend to replicate the success of companies like INEOS, where economies of scale have proved to be extremely profitable through similar courses of action and growth strategies."
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marich

08/07/09 1:56 PM

#37277 RE: EarnestDD #37271

That's a short-term anomaly. The long term trend in oil prices will be up, up, up making the economics of bio-fuels ever more viable, especially as the selection of feedstocks is refined and extraction technology improved.

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bottomout

08/07/09 2:05 PM

#37282 RE: EarnestDD #37271

This I do realize. Goes back to the Bush years I think. Yet again in the old days when I had to use a broker, mine quit and went to do soybean farming w/parents. Man has that trend gone on & on. Oil won't run out in our lifetimes but hey it's a penny stock!