drampor asked:
Is there now an opportunity to completely corner the corn chip market before the supply of corn is completely devoted to ethanol production? Is there corn chip futures trading in the Chicago Mercantile?
Is there now an opportunity to completely corner the corn chip market before the supply of corn is completely devoted to ethanol production? Is there corn chip futures trading in the Chicago Mercantile?
{ 4 comments… read them below or add one }
NO.. But by adding ethanol to gas it reduces the MPG you get so you need to buy more.
Don’t worry this ethanol hype will soon be in decline. There is no way this so called alternative energy can work to save anything. It has already caused huge problems in the tropics and is one of the main reasons for the forests being destroyed. Not for alcohol but for palm oil for diesel fuel.
There is not enough land to provide enough material for bio fuels and alcohol. Impossible to work.
Ethanol costs more to produce than to produce gasoline and people will not buy it if they have to pay the true price. The governments are subsidizing these projects and none of them so far is paying its own way.
I doubt it. The more demand for corn from ethanol use would just cause farmers to plant on more land American farmers can easily meet the demand. The demand now is only fueled by government subsidies in the production.
Ethanol has been available as a fuel in the mid-west since the 70’s.
At this time the production of ethanol from corn is not eficient, using almost as much energy as it produces. The main reason it is being produced is because the government is subsidizing. Hopefully this process will become more eficient in time. That way our farmers and Frito-Lay will all make lots of money.
The Brazilians get their ethanol from the sugar cane which is far more efficient.
Ethonal is just a POS. A politicians solution that has no bearing on cost and the true issues at hand. Foe those that say ethonal will go away, I predict the opposite, with the presidential elections coming up, every presidential candidate will pump it for votes in the mid-west.