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Where the banks are failing
Interactive map -
http://money.cnn.com/news/storysupplement/economy/bank_failures/index.htm
take yr own advice sometimes, would ya?!
it's been a diluting/ converting debt pos but hopefully the end is in sight and w govt funding and ethanol mojo it could move nicely from here....
howdy partner. EBOF does look interesting here, even though its not my normal play.
now CBIS:
APT... masks/ protective gear (and pet beds)
http://www.alphaprotech.com/Products.aspx
10 year monthly/ (sars was 2000/ bird flu 2003?)
Share Statistics
Average Volume (3 month)3: 35,831.7
Average Volume (10 day)3: 70,711.1
Shares Outstanding5: 23.85M
Float: 16.69M
% Held by Insiders1: 24.05%
% Held by Institutions1: 13.40%
i'm always freakin early....
see ya 12.50 gap
scon
Shares Outstanding: 17.87M
Float: 14.84M
% Held by Insiders1: 18.53%
% Held by Institutions1: 9.10%
Superconductor Technologies Inc. and Major Wireless OEM Plan to Conduct a 700 MHz Field Trial for a Tier-One U.S. Wireless Operator
SuperLink to be Integrated Into the LTE Remote Radio Head Platform
SANTA BARBARA, Calif., Apr 20, 2009 (GlobeNewswire via COMTEX) -- Superconductor Technologies Inc. (STI) (Nasdaq:SCON), a leading provider of advanced wireless solutions, innovative adaptive filtering, and world class cryogenic products for commercial and government applications, will be participating with a major wireless original equipment manufacturer (OEM) in a long-term evolution (LTE) field trial with a tier-one U.S. wireless operator for its new 700 megahertz (MHz) network. The trial is scheduled to be completed in the fourth quarter of 2009.
"We believe there is a significant opportunity for our unique filtering technology to address the major interference challenges of the 700 MHz spectrum," said Jeff Quiram, STI's president and chief executive officer. "This non-exclusive arrangement allows STI to demonstrate the value of our capabilities to our OEM partner. The successful completion of this trial should enable STI to participate in the upcoming 700 MHz network deployments with our SuperLink solution integrated into a state-of-the-art LTE network platform. As a recognized expert in providing high performance front-end receiver solutions that eliminate interference, STI can assist our partner in meeting the demanding requirements of these networks."
To help address critical LTE network challenges that are unique to 700 MHz, STI has posted a video on its website: Challenges Deploying LTE at 700 MHz. To access the video, please visit: http://www.suptech.com/700_video.htm
About Superconductor Technologies Inc. (STI)
STI, headquartered in Santa Barbara, CA, is a leading provider of high performance infrastructure products for wireless voice and data application as well as advanced HTS thin film deposition techniques and cooling technologies. Commercially, STI's SuperLink(r) solution increases capacity utilization, lowers dropped and blocked calls, extends coverage, and enables faster wireless data rates. Its AmpLink(tm) solution enhances the performance of wireless base stations by improving receiver sensitivity and geographic coverage.
For information about STI, please visit http://www.suptech.com.
The Superconductor Technologies Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3963
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Superconductor Technologies Inc.
By Staff
CONTACT: Lippert / Heilshorn & Associates
Investor Relations
Cathy Mattison
+1-415-433-3777
invest@suptech.com
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=scon#getNews
related to this news ???!!!
Verizon Wireless Wants Developers For LTE 4G Network
http://www.informationweek.com/news/mobility/3G/showArticle.jhtml?articleID=216600225&cid=RSSfeed_IWK_All
The company has scheduled a Web conference to let developers discuss details on LTE specifications as well as answer questions and gather feedback.
By W. David Gardner
InformationWeek
April 17, 2009 02:19 PM
Moving aggressively to attract developers to work on devices for its LTE network, Verizon (NYSE: VZ) Wireless released the first set of its technical specifications for the 4G network Friday and reported that it will host a developers conference for LTE on May 13.
Verizon Wireless, which is jointly owned by majority investor Verizon Communications and Vodafone (NYSE: VOD) Group, is in the vanguard of U.S. mobile wireless service providers working to deliver the 4G service. Just days ago, Verizon announced that it's establishing its Verizon Wireless LTE Innovation Center in Waltham, Mass., dedicated to the 4G technology.
More Mobility Insights
White Papers
* Bremond Independent School District Solves Wi-Fi Coverage Issues With PoE Switches And Access Points
* Where's Wi-Fi Waldo? A White Paper on Location-Based Services
Webcasts
* Blueprinting the Mobile Internet
Videos
Teardown TV takes a deep dive inside the HTC Google Android phone, taking it apart and pointing out some of its main components. Get the latest dope on Microsoft's updated Windows Mobile 6.1 -- the fast growing operating system for mobile devices. Noah Glass, founder of GoMobo, discusses the company's food-ordering service, which lets customers place orders and pay via text messages from their mobile phones--creating an "EZ Pass environment" within fast food restaurants.
Noah Glass, founder of GoMobo, discusses the company's food-ordering service, which lets customers place orders and pay via text messages from their mobile phones--creating an "EZ Pass environment" within fast food restaurants.
The mobile phone service provider said developers will design their products and services for use on the 700-MHz spectrum the company won in last year's spectrum auction by the FCC.
"Hardware is the starting point, and Verizon Wireless is encouraging developers to get excited about designing innovative products and services the future requires," Tony Lewis, Verizon Wireless' VP of open development, said in a statement. "We want to publish details to the development community as soon as possible to get us started. [In] broadly sharing how LTE standards for access and transport will translate into our specifications today, we can provide a framework for all developers who want to begin their work immediately."
The May 13 Web conference is designed so developers can discuss details on LTE specifications as well as to answer questions and gather feedback, Verizon Wireless said. Attendees will be able to ask questions of its officials about the emerging 4G technology. The goal of the conference, a company spokesman said, is to encourage transparency, clarity, and ease in designing LTE devices. The specifications are currently available for download.
"The LTE device specifications will be a road map for developers who choose to develop devices for submission to the LTE certifications process," a company spokesman said. The firm's LTE network is planned to be able to interconnect together a broad range of electronics devices and machines.
Infrastructure providers Alcatel (NYSE: ALU)-Lucent and Ericsson are already preparing to establish a test lab at the Massachusetts facility, which can be utilized to test gear created for the Verizon network.
Verizon Wireless has said it will begin rolling out the high-speed technology later this year, with commercial launch of LTE slated to take place next year.
Learn more about all the latest products and technologies at TechWeb's Interop Las Vegas, May 17-21. Join us (registration required).
and this:
Verizon Wireless Calls for Spectrum Reform
http://www.internetnews.com/government/article.php/3816006
3 yr weekly:
2 day 15 min:
got em... +GPSQV 0.25
why is peix going up when all signs point to bankruptcy?
i think an adm or cargill buyout or something is in the works and obviously insiders or someone has wind of it?:
http://www.latimes.com/business/la-fi-corporate-ethanol10-2009apr10,0,5696069.story
Chow predicts a wave of consolidation among the country's 170 ethanol mills. Agricultural processors such as Archer Daniels Midland Co. and Cargill Inc. also are expected to expand their ethanol holdings.
Brent King, who has restructured bankrupt biofuel plants, said ADM and Cargill were "waiting for it to get bleak enough so they can buy plants at cents on the dollar."
A spokesman for ADM, which was outbid for the VeraSun mills, said the company was looking for strategic acquisitions. Cargill declined to comment.
It's too funny cuz it's so true
Awesome parody
The Bigots’ Last Hurrah
http://www.nytimes.com/2009/04/19/opinion/19Rich.html?_r=1
By FRANK RICH
Published: April 18, 2009
WHAT would happen if you crossed that creepy 1960s horror classic “The Village of the Damned” with the Broadway staple “A Chorus Line”? You don’t need to use your imagination. It’s there waiting for you on YouTube under the title “Gathering Storm”: a 60-second ad presenting homosexuality as a national threat second only to terrorism.
The actors are supposedly Not Gay. They stand in choral formation before a backdrop of menacing clouds and cheesy lightning effects. “The winds are strong,” says a white man to the accompaniment of ominous music. “And I am afraid,” a young black woman chimes in. “Those advocates want to change the way I live,” says a white woman. But just when all seems lost, the sun breaks through and a smiling black man announces that “a rainbow coalition” is “coming together in love” to save America from the apocalypse of same-sex marriage. It’s the swiftest rescue of Western civilization since the heyday of the ambiguously gay duo Batman and Robin.
Far from terrifying anyone, “Gathering Storm” has become, unsurprisingly, an Internet camp classic. On YouTube the original video must compete with countless homemade parodies it has inspired since first turning up some 10 days ago. None may top Stephen Colbert’s on Thursday night, in which lightning from “the homo storm” strikes an Arkansas teacher, turning him gay. A “New Jersey pastor” whose church has been “turned into an Abercrombie & Fitch” declares that he likes gay people, “but only as hilarious best friends in TV and movies.”
Yet easy to mock as “Gathering Storm” may be, it nonetheless bookmarks a historic turning point in the demise of America’s anti-gay movement.
What gives the ad its symbolic significance is not just that it’s idiotic but that its release was the only loud protest anywhere in America to the news that same-sex marriage had been legalized in Iowa and Vermont. If it advances any message, it’s mainly that homophobic activism is ever more depopulated and isolated as well as brain-dead.
“Gathering Storm” was produced and broadcast — for a claimed $1.5 million — by an outfit called the National Organization for Marriage. This “national organization,” formed in 2007, is a fund-raising and propaganda-spewing Web site fronted by the right-wing Princeton University professor Robert George and the columnist Maggie Gallagher, who was famously caught receiving taxpayers’ money to promote Bush administration “marriage initiatives.” Until last month, half of the six board members (including George) had some past or present affiliation with Princeton’s James Madison Program in American Ideals and Institutions. (One of them, the son of one of the 12 apostles in the Mormon church hierarchy, recently stepped down.)
Even the anti-Obama “tea parties” flogged by Fox News last week had wider genuine grass-roots support than this so-called national organization. Beyond Princeton, most straight citizens merely shrugged as gay families celebrated in Iowa and Vermont. There was no mass backlash. At ABC and CBS, the Vermont headlines didn’t even make the evening news.
On the right, the restrained response was striking. Fox barely mentioned the subject; its rising-star demagogue, Glenn Beck, while still dismissing same-sex marriage, went so far as to “celebrate what happened in Vermont” because “instead of the courts making a decision, the people did.” Dr. Laura Schlessinger, the self-help media star once notorious for portraying homosexuality as “a biological error” and a gateway to pedophilia, told CNN’s Larry King that she now views committed gay relationships as “a beautiful thing and a healthy thing.” In The New York Post, the invariably witty and invariably conservative writer Kyle Smith demolished a Maggie Gallagher screed published in National Review and wondered whether her errant arguments against gay equality were “something else in disguise.”
More startling still was the abrupt about-face of the Rev. Rick Warren, the hugely popular megachurch leader whose endorsement last year of Proposition 8, California’s same-sex marriage ban, had roiled his appearance at the Obama inaugural. Warren also dropped in on Larry King to declare that he had “never” been and “never will be” an “anti-gay-marriage activist.” This was an unmistakable slap at the National Organization for Marriage, which lavished far more money on Proposition 8 than even James Dobson’s Focus on the Family.
The Obamas’ dog had longer legs on cable than the news from Iowa and Vermont. CNN’s weekly press critique, “Reliable Sources,” inquired why. The gay blogger John Aravosis suggested that many Americans are more worried about their mortgages than their neighbors’ private lives. Besides, Aravosis said, there are “only so many news stories you can do showing guys in tuxes.”
As the polls attest, the majority of Americans who support civil unions for gay couples has been steadily growing. Younger voters are fine with marriage. Generational changeover will seal the deal. Crunching all the numbers, the poll maven Nate Silver sees same-sex marriage achieving majority support “at some point in the 2010s.”
Iowa and Vermont were the tipping point because they struck down the right’s two major arguments against marriage equality. The unanimous ruling of the seven-member Iowa Supreme Court proved that the issue is not merely a bicoastal fad. The decision, written by Mark Cady, a Republican appointee, was particularly articulate in explaining that a state’s legalization of same-sex marriage has no effect on marriage as practiced by religions. “The only difference,” the judge wrote, is that “civil marriage will now take on a new meaning that reflects a more complete understanding of equal protection of the law.”
Some opponents grumbled anyway, reviving their perennial complaint, dating back to Brown v. Board of Education, about activist judges. But the judiciary has long played a leading role in sticking up for the civil rights of minorities so they’re not held hostage to a majority vote. Even if the judiciary-overreach argument had merit, it was still moot in Vermont, where the State Legislature, not a court, voted to make same-sex marriage legal and then voted to override the Republican governor’s veto.
As the case against equal rights for gay families gets harder and harder to argue on any nonreligious or legal grounds, no wonder so many conservatives are dropping the cause. And if Fox News and Rick Warren won’t lead the charge on same-sex marriage, who on the national stage will take their place? The only enthusiastic contenders seem to be Republicans contemplating presidential runs in 2012. As Rich Tafel, the former president of the gay Log Cabin Republicans, pointed out to me last week, what Iowa giveth to the Democrats, Iowa taketh away from his own party. As the first stop in the primary process, the Iowa caucuses provided a crucial boost to Barack Obama’s victorious and inclusive Democratic campaign in 2008. But on the G.O.P. side, the caucuses tilt toward the exclusionary hard right.
In 2008, 60 percent of Iowa’s Republican caucus voters were evangelical Christians. Mike Huckabee won. That’s the hurdle facing the party’s contenders in 2012, which is why Romney, Palin and Gingrich are now all more vehement anti-same-sex-marriage activists than Rick Warren. Palin even broke with John McCain on the issue during their campaign, supporting the federal marriage amendment that he rejects. This month, even as the father of Palin’s out-of-wedlock grandson challenged her own family values and veracity, she nominated as Alaskan attorney general a man who has called gay people “degenerates.” Such homophobia didn’t even play in Alaska — the State Legislature voted the nominee down — and will doom Republicans like Palin in national elections.
One G.O.P. politician who understands this is the McCain-Palin 2008 campaign strategist, Steve Schmidt, who on Friday urged his party to join him in endorsing same-sex marriage. Another is Jon Huntsman Jr., the governor of Utah, who in February endorsed civil unions for gay couples, a position seemingly indistinguishable from Obama’s. Huntsman is not some left-coast Hollywood Republican. He’s a Mormon presiding over what Gallup ranks as the reddest state in the country.
“We must embrace all citizens as equals,” Huntsman told me in an interview last week. “I’ve always stood tall on this.” Has he been hurt by his position? Not remotely. “A lot of people gave the issue more scrutiny after it became the topic of the week,” he said, and started to see it “in human terms.” Letters, calls, polls and conversations with voters around the state all confirmed to him that opinion has “shifted quite substantially” toward his point of view. Huntsman’s approval rating now stands at 84 percent.
He believes that social issues should not be a priority for Republicans in any case during an economic crisis. He also is an outspoken foe of the “nativist language” that has marked the G.O.P. of late. Huntsman doesn’t share “the view of some” that “the party was created in 1980.” He yearns for it to reclaim Lincoln’s faith in “individual dignity.”
As marital equality haltingly but inexorably spreads state by state for gay Americans in the years to come, Utah will hardly be in the lead to follow Massachusetts, Connecticut, Iowa and Vermont. But the fact that it too is taking its first steps down that road is extraordinary. It is justice, not a storm, that is gathering. Only those who have spread the poisons of bigotry and fear have any reason to be afraid.
still rofl over this:
Twelve Major Brands That Will Disappear
http://247wallst.com/2009/04/15/twelve-major-brands-that-will-disappear/
maybe about to be bailed out though....
price has been creeping up for a co on the verge of bankruptcy...
look at this:
.....Estimated allocations for the USDA increased slightly from $24.6 billion in 2009 to $26 billion in 2010. Included in the funding is $250 million in loans and grants for renewable fuels projects. In March, Vilsack said the USDA will work with distressed ethanol producers to restructure loans using USDA loan guarantee programs.
Under the proposed budget, the U.S. DOE is allocated a total budget of $26.3 billion. Among its expected duties is continued support for research, development, demonstration and commercialization of biofuels and renewable energy through loan guarantees. Specific monetary totals were not supplied for the loan guarantee program.
In March, DOE Secretary Steven Chu said the DOE intends to continue the research necessary to commercialize generating gasoline and diesel-like biofuels from lumber waste, crop wastes, solid waste and nonfood crops.
http://ethanolproducer.com/article.jsp?article_id=5574
puts on the gap GPS
saw it on cnbc/ brands that won't survive
insiders selling...
maybe the 12.50s?
GPS May 2009 12.5000 put
(OPR: GPSQV.X)
U.S. declares warming gases are health threat
Obama administration move is aimed at prodding lawmakers to regulate
http://www.msnbc.msn.com/id/30264214/
Indeed, the EPA emphasized that the congressional route was preferred to EPA regulation. "Both President (Barack) Obama and Administrator Jackson have repeatedly indicated their preference for comprehensive legislation to address this issue and create the framework for a clean energy economy," the EPA said in its statement.
The EPA last month sent its proposal to the White House Office of Management and Budget, which reviewed and approved it. By law, the decision includes a 60-day public comment period before being finalized.
The EPA concluded that six greenhouse gases should be considered pollutants under the 1970 Clean Air Act, which is already used to curb emissions that cause acid rain, smog and soot.
Discussion to begin on regulation
But its declaration does not spell out how or what to regulate. Instead, the EPA and lawmakers are expected to begin that discussion.
Congress is considering imposing an economy-wide cap on greenhouse gas emissions along with giving industry the ability to trade emission allowances to mitigate costs. Legislation could be considered by the House before the August congressional recess.
The chairman of the Senate Environment Committee, Sen. Barbara Boxer, D-Calif., urged the EPA to use the Clean Air Act to start "cutting greenhouse gas emissions right now."
"However," she added, "the best and most flexible way to deal with this serious problem is to enact a market based cap and trade system, which will help us make the transition to clean energy and will bring us innovation and strong economic growth."
Boxer added that she wouldn't hesitate to use the EPA as leverage. "If Congress does not act to pass legislation, then I will call on EPA to take all steps authorized by law to protect our families," she added.
In their recommendations, EPA scientists said that potential health impacts from warming include:
* longer and more severe heat waves;
* increased smog in some areas;
* dangerous flooding caused by stronger storms;
* and diseases, including malaria and dengue fever, related to flooding and warmer weather.
Jackson on Friday said curbing greenhouse gases fits in with Obama's call for "a low carbon economy" as well as lawmakers' actions toward clean energy and climate legislation. "This pollution problem has a solution," she said, "one that will create millions of green jobs and end our country’s dependence on foreign oil."
Shift started with Supreme Court
The Bush administration refused to regulate greenhouse gases as a pollutant under the Clean Air Act, even though the U.S. Supreme Court in 2007 prodded the federal government to do so.
In his first week in office, Obama directed the EPA to review a decision by the Bush administration denying California and other states the right to control auto emissions, which, along with pollution from coal-fired power plants, are a major source of greenhouse gases.
Environmentalists praised the EPA move, but urged the administration to use the Clean Air Act until Congress comes up with a plan.
The EPA should be required "to follow up with standards under the Clean Air Act, the nation's most effective environmental law, to curb carbon pollution from our cars, power plants and other industrial sources," said David Doniger, climate policy director at the Natural Resources Defense Council.
Frank O'Donnell, director of Clean Air Watch, said he expected federal limits on "emissions from the biggest sources, including power plants and motor vehicles."
The U.S. Chamber of Commerce and other industry lobbying groups oppose using the Clean Air Act to regulate emissions.
"It will require a huge cascade of (new clean air) permits" and halt a wide array of projects, from building coal plants to highway construction, including many at the heart of economic recovery plan, Bill Kovacs, a vice president for environmental issues at the chamber, said when the EPA's recommendations were made last month.
Other critics have noted that the Clean Air Act regulates any stationary source — from a gas station to a power plant — that emits more than 250 tons of a pollutant a year. That would place thousands of smaller sources under onerous federal rules, those critics say.
Supporters of stricter regulations say the Clean Air Act could be revised to exempt smaller sources and focus on large ones like power plants.
Some industry groups support a legislative approach focusing on cap and trade, but even there they are cautious.
"While regulation can be challenged in court if it oversteps precedent, legislation is for keeps," said Scott Segal, director of the Electric Reliability Coordinating Council, a power industry trade group. "Therefore, any legislative proposal on climate change must have reasonable timetables and targets, adequate cost containment, and must be sensitive to technological constraints and international competition."
Click for related content
Vote: What's best way to regulate emissions?
Join the Newsvine discussion on the EPA action
Newsweek: Can we really prevent global warming?
How a cap and trade system would work
Nations working on new treaty
The United States is under pressure to take some action on global warming in advance of negotiations on a new international treaty in December.
The Obama administration has vowed to step up participation, and Secretary of State Hillary Rodham Clinton even has a climate envoy.
The Bush administration refused to participate in the current treaty, the 1997 Kyoto Protocol, citing a lack of participation by developing countries and harm to the U.S. economy. In the late 1990s, during the Clinton administration, the Senate balked at ratifying the agreement.
better way to play it could be this,
cap and trade exchange operator...
http://www.climateexchangeplc.com/
trDES on AIM but also has pink component/ (not sure how that works/ is similar to mthead's geely)
CXCHF
ENERGY AND THE ENVIRONMENT
http://www.whitehouse.gov/agenda/energy_and_environment/
The energy challenges our country faces are severe and have gone unaddressed for far too long. Our addiction to foreign oil doesn't just undermine our national security and wreak havoc on our environment -- it cripples our economy and strains the budgets of working families all across America. President Obama and Vice President Biden have a comprehensive plan to invest in alternative and renewable energy, end our addiction to foreign oil, address the global climate crisis and create millions of new jobs.
The Obama-Biden comprehensive New Energy for America plan will:
* Help create five million new jobs by strategically investing $150 billion over the next ten years to catalyze private efforts to build a clean energy future.
* Within 10 years save more oil than we currently import from the Middle East and Venezuela combined.
* Put 1 million Plug-In Hybrid cars -- cars that can get up to 150 miles per gallon -- on the road by 2015, cars that we will work to make sure are built here in America.
* Ensure 10 percent of our electricity comes from renewable sources by 2012, and 25 percent by 2025.
* Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050.
idunno...also on the verge of bankruptct...
EPA Considers Higher Ethanol Mix
Allowing 15% Gasoline Blends Would Help Industry, but Poses Car-Warranty Issue
By SIOBHAN HUGHES and LAUREN ETTER
WASHINGTON -- The U.S. Environmental Protection Agency has opened the door to allowing higher mixes of ethanol in gasoline, a potential boon to farmers and the struggling ethanol industry, but opposed by auto makers whose consumer warranties typically are tied to the current EPA standard.
The agency Thursday said it is seeking comment on whether to allow ordinary gasoline to consist of as much as 15% ethanol, an additive that has been heavily promoted by farm states. For decades, the EPA has allowed gasoline to include up to 10% ethanol.
The EPA's move came in response to a petition filed last month by the trade group Growth Energy to allow motor fuel ethanol blends of as much as 15%, citing an Energy Department study that found "no operability or driveability issues" with blends as high as 20% ethanol.
View Full Image
Corn is loaded into a truck at a farm in Valley Springs, S.D. Higher percentages of ethanol mixed into gasoline would be a boon to farmers. About one quarter of all corn produced in the U.S. is used to make the fuel additive.
Bloomberg News
Corn is loaded into a truck at a farm in Valley Springs, S.D. Higher percentages of ethanol mixed into gasoline would be a boon to farmers. About one quarter of all corn produced in the U.S. is used to make the fuel additive.
Corn is loaded into a truck at a farm in Valley Springs, S.D. Higher percentages of ethanol mixed into gasoline would be a boon to farmers. About one quarter of all corn produced in the U.S. is used to make the fuel additive.
Corn is loaded into a truck at a farm in Valley Springs, S.D. Higher percentages of ethanol mixed into gasoline would be a boon to farmers. About one quarter of all corn produced in the U.S. is used to make the fuel additive.
Most car warranties, however, have followed the 10% standard, which means consumers who use blends with greater than 10% ethanol could get stuck paying the bills if there's damage to fuel lines or other components unless auto makers agree to shoulder the costs.
Auto makers offer so-called flex-fuel vehicles designed to accept up to 85% ethanol fuels. But many current and older model cars aren't designed for ethanol concentrations above 10%.
Alan Adler, a spokesman for General Motors Corp., said if the EPA allows higher ethanol blends "we want to be sure that we're not on the hook for vehicles" that end up having problems with higher blends.
Earlier this year Toyota Motor Sales USA Inc. recalled 214,500 Lexus vehicles sold in the U.S. that were vulnerable to corrosion problems in their fuel-delivery pipes when some ethanol fuels were used.
Pushing against the auto industry's objections are farmers, investors in ethanol-fuel start-ups, big agricultural commodities companies and some environmental groups that argue the U.S. would be better off substituting home-grown biofuels for foreign oil.
Currently nearly a quarter of all corn produced in the U.S. is used to make ethanol. That's up from about 12% in 2004. A higher blend ratio would help support corn prices.
"If we don't move that regulatory cap, without question grain supplies are going to grow and the next group looking for a bailout will be the American farmer," said Jeff Broin, chief executive officer of POET, one of the nation's largest ethanol producers, based in Sioux Falls, S.D.
An oversupply of ethanol has prompted a wave of bankruptcies and made the ethanol industry eager to expand its market. Ethanol producers are being squeezed as corn prices stay relatively high and as ethanol prices stay relatively low. Todd Alexander, a partner at Chadbourne & Parke LLP, estimates that some ethanol producers are losing up to 10 cents on every gallon of ethanol.
Another big ethanol producer, Archer Daniels Midland Co., based in Decatur, Ill., recently reported a loss in its ethanol business for its second quarter, ended Dec. 31. VeraSun Energy Corp. and Aventine Renewable Energy Holdings Inc. have both filed for bankruptcy protection. Pacific Ethanol Inc., which has counted Bill Gates as one of its star-studded investors, said recently in federal filings that it could run out of cash by the end of April if it can't restructure its debt or raise additional financing.
In response, pro-ethanol lobbyists have stepped up efforts to win more support from the government. An ethanol trade group hired retired U.S. general and former 2004 Democratic presidential candidate Wesley Clark to make its case for a higher blend. The industry also has turned to Congress, where lawmakers such as Sen. John Thune (R., S.D.) have held meetings with EPA staffers, urging them to allow blends of 12% or 13% ethanol immediately -- something he argues the EPA could do now without going through a public comment process.
By law, the EPA has until Dec. 1 to decide.
Write to Siobhan Hughes at siobhan.hughes@dowjones.com and Lauren Etter at lauren.etter@wsj.com
http://online.wsj.com/article/SB123993106781727761.html?ru=yahoo&mod=yahoo_hs
PEIX... this could be great from here:
EPA Eyes 15% Ethanol Mix
http://chattahbox.com/us/2009/04/17/epa-eyes-15-ethanol-mix-automakers-decry-warranty-woes/
Issues of Higher Ethanol Mix
Posted Fri Apr 17, 04:20 pm ET
Posted By: Sheraz Mian
Highlights include Pacific Ethanol (PEIX), Archer Daniels Midland (ADM), ConocoPhillips (COP) and Valero (VLO).
Higher Ethanol Mix Bad for Refiners
The Environmental Protection Agency (EPA) initiated the process yesterday to increase the amount of ethanol that can be blended into a gallon of gasoline from the present 10% to 15%. The agency is seeking public comments in response to an application last month by Growth Energy, an industry lobbying group headed by retired General Wesley Clark. The agency is required to decide the issue by December 1, 2009.
Aside from ethanol producers such as Pacific Ethanol (PEIX) and Archer Daniels Midland (ADM) and the corn lobby, the issue is of immense significance to conventional oil refiners like ConocoPhillips (COP) and Valero (VLO) and automobile manufacturers.
The ethanol producers have been hit hard by a combination of supply-demand imbalance and credit market turmoil. High corn prices -- their primary feedstock -- have not helped their prospects much, either. As a result, a number of ethanol producers have gone bust. VeraSun Energy and Aventine Renewable Energy, two major ethanol producers, are already under Chapter 11 protection, and Pacific Ethanol appears to be headed that way as well. An increased ethanol mandate will increase the demand side of the equation overnight and help improve producers' prospects.
Arrayed against this move would be automakers, many of whose current and older models are not equipped to handle ethanol concentrations in excess of 10%. Fuel blends with ethanol concentrations greater than 10% could damage the automobile's fuel lines and other parts. At issue would be automakers' liability for future problems to cars as a result of increased ethanol in fuel blends.
Another group affected by the increased ethanol usage would be conventional oil refiners. Already faced with weak demand due to the massive job losses in the economy, increased ethanol blending requirements will displace even more oil and weigh on utilization levels. While the automakers will most likely get some sort of exemption from the government in case the requirement is increased, oil refiners will have to live with the reduced call on their capacity.
With the current national narrative in favor of green/renewable energy and the powerful corn lobby on its side, we have a lot of confidence in the success of the Gen.Clark-led effort.
Read the full analyst report on COP
Read the full analyst report on VLO
http://www.zacks.com/stock/news/19264/Issues+of+Higher+Ethanol+Mix
DNDN
http://www.cnbc.com/id/15840232/?video=1092383569&play=1
http://www.dendreon.com/therapeutic_approaches/
prsenting results 28th...
shorts still messing with it...
i bought 18+... think 20s leading up to conference,
maybe much more...seems like paradigm shifting cancer drug...
"positive results unambiguous... clear hit..."
I sold too early, DUH!
how'd you do w XPGH?! whatta monster!
US Foreclosure Filings Jump as Moratoriums End
http://www.cnbc.com/id/30240935
and GGP ch 11
yet SRS plummets...
go figure....
yet SRS looks like it might set another new low. hmmm....
GGP filed chapter 11 this morning.
hey timmage, long time no see. looks like news of that foreclosure moratorium ending is starting to get more attention. SRS could turn around before the end of the week. good to see you again.
The banks took a foreclosure holiday, and now they are starting the foreclosures going again. It will get very ugly very soon.
i'm watching this one too. the recent rally seems to be defying the odds at this point, but i think that real estate is going to take another shot on the chin before its ready to rebound for the long term. no sign of a turnaround just yet though.
i'm not sure exactly. since they moved to the pinks, they seemed to have lost sync with the filing/release dates from previous years. i've emailed investor relations a few times and always received pretty quick replies, but i have no idea if any of them have come from the ceo (Dr. Green). i've been content with reading the pr's and watching the chart over the past couple years. as of late, the weekly chart has shown some signs of a potential turnaround (#msg-36934786), all imo of course.
udhi looks very good! i like it...
when are you expecting to see the financials?
do you speak w ceo? or have you?
thanks...
nice, but yeah hard fills...
I grabbed a few earlier, but it only gave me a small partial fill.
sweet. thanks!
008 (2) x 0085 (1)
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