« Biofuels Bonanza Facing ‘Crash’ | Home | Microbial Hydrogen Production Threatens Extinction For The Ethanol Dinosaur »
Biofuel Funds Are Taking Off
By Mr Ethanol | November 15, 2007
Global financial firms are muscling into renewable fuels with commodity funds and underlying indexes as crude-oil prices rise and interest in ethanol increases.
“Big funds are becoming more creative, sophisticated and diversified, and looking for the next light-bulb invention,” said Sergio Alvarez, senior vice president at Hencorp Futures LC in Miami. “It seems that with crude at close to $100 a barrel, that invention and that future is in bioenergy.”
Mr. Alvarez said “rallies we had in corn, sugar and crude oil in 2005 and 2006 were very speculative in nature.” Crude oil has strengthened this year; corn has been down and up, while sugar has lagged behind.
U.S. futures exchanges chalked up record corn, wheat, soybean and sugar volumes in 2006 and 2007, partly because of biofuel demand, but more importantly because of electronic trading.
Topics: Biofuel, Market, News |
Related Posts
- How Low Can US Grains Go?
- Credit Crunch Panic Pounds Commodities
- Britain Opens First Bioethanol Plant
- Biofuels: A Danger For Latin America
- How Ethanol Keeps Oil Prices Low
- China To Offer Support Policies For Non-Food Biofuels
- Despite Costs, Biofuel Pumps
- Lowndes Student Finds Fuel Alternative
- Magnets Can Boost Production Of Ethanol For Fuel
- Brazil Sugarcane Industry Eyes EU Biofuel Market
New Way Of Making Easy Money Online