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Wednesday, May 21st, 2008
NTV:
A Nebraska agricultural economist estimates that ethanol production is responsible for about 40% of the recent increase in grain prices but very little of the increase in U.S. food prices.
University of Nebraska-Lincoln economist Richard Perrin says ethanol accounts for about 1.2% of the increase in U.S. food prices because most of the increases in […]
E-CORN-OMICS: Food And Fuel Markets Begin To Merge In Ethanol Boom
Monday, May 5th, 2008Daily Herald:
Erwin Johnson picks up a clump of the dark, rich soil that he has farmed for 35 years, like his father and grandfather before him. In a few months, this flat expanse of northern Iowa will be crowded with corn ready to be trucked to market.
A year ago, that market got a little […]
See What People Are Saying About… Gas Prices & Ethanol
Tuesday, April 29th, 2008CNBC:
Our ethanol story on Friday sparked a significant reaction from Fast Money viewers. Here’s what some of you had to say.
(Don’t) support Big Oil’s grip on the transportation energy market. Study after study shows that ethanol - yes even corn ethanol - has a net energy gain of 25% while converting oil into gasoline is […]
How Ethanol Keeps Oil Prices Low
Tuesday, April 29th, 2008Automotive.com:
In recent months, ethanol has been taking a public relations hit.
Pundits are saying that the grand experiment meant to reduce our dependence on foreign oil is actually contributing to the damage of the environment.
They point to a number of things from the deforestation of rainforests in order to come up with the resources to make […]
Ways For Small Businesses To Deal With Rising Fuel Costs
Tuesday, April 15th, 2008BizOpBlogs:
Here are 10 ways that small businesses of different types can cope with the rising cost of gasoline and other fuels:
1. Add a separate fuel fee. Call it a fee, call it a surcharge - call it whatever you want. But more and more small businesses are tacking on a special charge to offset […]
Before You Buy Gasoline, Check Out The Octane Ratings
Monday, April 14th, 2008Kansas City Star:
Consumers are getting confusing pricing signals at area gas stations, thanks to how retailers are handling a flood of ethanol-blended fuel.
Some area gas stations have started selling both regular and midgrade gasoline at the same price, saying there is no longer a difference between the fuels.
Other retailers, though, are still charging more for […]
Pump Pain: Companies Try To Cope
Thursday, April 10th, 2008Business Gazette:
Florist Susan Rice remembers paying no more than $600 a month last year to fill up her delivery van at the two gas stations she has used for years.
Rice doled out about $1,000 at those stations last month, as gasoline prices reached soared to new heights. Like the owners of many gasoline-dependent businesses, Rice […]
US Gasoline Prices Rise To Almost $3.32/Gallon
Monday, April 7th, 2008Reuters UK:
The average price for a gallon of gasoline in the United States rose 5.26 cents to a record high in the last two weeks, and an industry analyst said retail prices would keep rising amid refinery cost increases.
The national average for self-serve, regular gas was $3.3171 a gallon on April 4, according to the […]
Corn Choice Could Be Key To Consumers
Friday, March 28th, 2008BusinessWeek:
As spring planting nears, farmers are making a choice that could affect what Americans pay for everything from car fuel to chicken wings.
If they choose to plant as much corn as possible, prices that have soared to record highs above $5 a bushel could stabilize. But if many farmers rotate their plantings to other crops […]
Company Promises One Dollar-Per-Gallon Ethanol At US Pumps
Wednesday, March 26th, 2008Inventor Spot:
If all goes to plan, ethanol may be appearing at US pumps at $1 per gallon, according to an article at Energy-Daily.com.
The Alternative Energy Technology Center http://www.altenergytechcenter.com/default.aspx has recently announced that it has new technology that can refine common cellulosic biomass into fuel that can be sold for $1 per gallon, without government subsidies […]
Credit Crunch Panic Pounds Commodities
Tuesday, March 18th, 2008Guardian:
Fears of a growing credit crunch spread panic in U.S. grains and other commodity markets on Monday as the stunning collapse of Bear Stearns raised questions over the financial health of investment funds that have driven these markets to historic highs.
Bear Stearns, the fifth-largest U.S. investment bank and a player in the subprime mortgage collapse, […]
Burnett Ignores Ethanol’s Role In Higher Food Prices
Thursday, March 13th, 2008CNBC contributor blames ‘energy prices and a weak dollar’ for food inflation but neglects consequences of federal fuel mandates.
Business Media Institute:
Amidst concerns about oil prices and inflation, journalists forget one thing: government-mandated ethanol.
CNBC’s Erin Burnett ignored the effect it has on the price of food at the grocery store on the March […]
ENERGY MATTERS: Gasoline May Have Summer Fling With $4/Gal
Wednesday, March 12th, 2008CattleNetwork.com:
Soaring U.S. gasoline prices, already at record highs, will climb further this summer, and a brief flirtation with $4 a gallon can’t be ruled out for some buyers, a government forecast said Tuesday.
But the Energy Information Administration said pump prices, now at $3.225 a gallon before the start of the peak summer driving season, […]
Speculation Adds To Oil Price Surge
Wednesday, March 5th, 2008San Jose Mercury News:
Market speculation on energy prices may have added as much as 10 percent to crude oil costs and the peak may be yet to come, a top Energy Department official said Tuesday.
Guy Caruso, head of the department’s Energy Information Administration, told a Senate hearing that supply and demand would suggest a […]
You Can’t Blame High Food Prices Completely On Ethanol
Tuesday, February 12th, 2008CNET News:
It’s become a staple of conventional wisdom that increased ethanol production has caused food prices worldwide to skyrocket.
Unfortunately, many experts and crop data say that’s not a complete answer. Granted, production of corn ethanol has surged in the U.S. and has boosted pricing pressure. Lester Brown of the Earth Policy Institute noted in a […]
Ethanol Shares High as Oil Tops $100/Barrel
Thursday, January 24th, 2008Biodiesel and Ethanol Investing:
Reuters.com reports that shares of ethanol companies are up in the wake of oil reaching over $100/barrel. US crude supplies are down for the seventh week with global demand for the fuel continuing to rise. Even though ethanol has been burdened with many problems over the last few months, the high price […]
Ethanol Effects On You And Farmers
Friday, November 23rd, 2007Komu:
Corn is a hot commodity thanks to the ethanol push. Ethanol has effects on Missouri farmers and your dinner table.
Local farmers: Who’s getting rich; who’s feeling the pinch? And how is ethanol affecting your trip to the grocery store?
David Grant is straddling the ethanol fence, and it’s a surprisingly comfortable place to sit.
“It’s a win-win […]
How $100 Oil Could Help
Thursday, November 22nd, 2007*******
Pricey crude hurts in all sorts of fiscal ways—but it could also spur crucial investment in alternative fuels.
BusinessWeek:
Crude oil prices are again creeping toward triple digits. With the dollar hitting a new low against the euro Nov. 20 and OPEC saying it won’t boost production, the price of a barrel of West Texas Intermediate spiked […]
Thanksgiving Travel, Turkey More Expensive This Year
Wednesday, November 21st, 2007Earthtimes:
Americans will take a hit in their wallet as well as their waistlines this Thanksgiving holiday. The run up in oil prices over the past year is forcing fuel prices as well as food prices ever higher.
An analysis by John Urbanchuk, a director at the economic consulting firm LECG, LLC, released today estimates that Americans […]
Ethanol: Taking A Look At The Big Picture - Part 1
Wednesday, November 14th, 2007Farms.com:
For more than 20 years, the members of the National Corn Growers Association, its state affiliates, and non-affiliated corn farmers across the Midwest have made impassioned pleas to Congress, their state lawmakers, and anyone else they could find who might become an ethanol advocate. They won. But the emotions that have run as deep as […]