FOR OPENERS.The ethanol industry ... On the surface, it appears ethanol's time has finally come. The promise has been in the offing coming; arriving in the foreseeable future. visible but not nearby. See also: Offing Offing for the past twenty or so years. The benefits outlined years ago have been many and real, although the hope that it would or could be a cure for low corn prices is probably just that -- a hope. Today, the economics are more favorable for ethanol producers. Thank you oil industry. Thank you OPEC OPEC: see Organization of Petroleum Exporting Countries. OPEC in full Organization of the Petroleum Exporting Countries Multinational organization established in 1960 to coordinate the petroleum production and export policies of its . Thank you SUV's. Thank you California. Thank you EPA EPA eicosapentaenoic acid. EPA abbr. eicosapentaenoic acid EPA, n.pr See acid, eicosapentaenoic. EPA, n. for the mishmash mish·mash n. A collection or mixture of unrelated things; a hodgepodge. [Middle English misse-masche, probably reduplication of mash, soft mixture; see mash. of reformulation requirements creating supply-demand imbalances. Many are to thank for the high price of fuel, which is allowing a potentially more favorable return to ethanol production. Dozens of new plants are on the drawing board. The economics has also created competition to corn-based ethanol. Other commodity groups are stepping up to the plate to tout Tout To promote a security in order to attract buyers. tout To foster interest in a particular company or security. For example, a broker might tout a security to a client in the hope that the client will purchase the security. their type of ethanol and biodiesel products. All of which have the potential of creating over-capacity. It would be sadly ironic if the same scenario that befalls the corn producer year in and year out -- increased production as a response to good prices -- plays itself out in an industry created to provide relief to that very problem. Please welcome a new contributor to Agri Marketing. Mark Ingebretsen provides an overview to the current state of the ethanol industry inside this issue. Mark has extensive business journalism Business journalism is the branch of journalism that tracks, records, analyses and interprets the economic changes that take place in a society. It could include anything from personal finance, to business at the local market to the malls, to performance of well-known and experience serving as editor-at-large for Online Investor magazine and currently as a regular columnist for the online financial site, TheStreet.com. |
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