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#1 (permalink) | |
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Banned
Join Date: Feb 2006
Posts: 6,656
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Corn futures plummet as speculators exit market
Ethanol industry looking up
Quote:
Last edited by HoosierRon : 08-04-2008 at 03:40 PM. |
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#2 (permalink) |
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2.5L Iron Duke
Join Date: Jun 2004
Location: Hazlet, NJ
Drives: 1987 Monte Carlo SS
1998 S-10 Pickup
1991 GMC S-
Posts: 26
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Re: Corn futures plummet as speculators exit market
No no no, This can't be! The world wide famine was SOLELY the result of biofuels. The market does not HAVE that kind of power!
Oh wait... |
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#3 (permalink) | |
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4.4 Liter Supercharged Northstar
Join Date: Apr 2006
Location: NY
Posts: 2,732
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Re: Corn futures plummet as speculators exit market
Quote:
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#4 (permalink) | |
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Banned
Join Date: Feb 2006
Posts: 6,656
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Re: Corn futures plummet as speculators exit market
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This year, Big Ethanol will replace 9.4 billion gallons of imported gasoline. It will employ hundreds of thousands of Americans and invest billions of dollars in American infrastructure. It will finance the rebuilding of small towns across the Heartland. Some people view the world in such a way that all of the foregoing is bad. Therefore, they demonize the ethanol industry by calling it "Big" in order to imply that we need protection from it. Just Google "big ethanol". |
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#5 (permalink) |
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6.0 Liter L76 V8
Join Date: Jan 2007
Posts: 2,290
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Re: Corn futures plummet as speculators exit market
Good. Now if these *******s would just exit the oil futures market. Better yet regulate this monopoly game of "futures" to death, so all these crooks will have to find a different way to make a living without ruining the lives of 6 billion people.
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#6 (permalink) |
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2.8 Liter Turbocharged V6
Join Date: Jul 2006
Posts: 868
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Re: Corn futures plummet as speculators exit market
Well I want those rats to run away like the RATS they are. And "big ethanol" lol, thats a real joke right there... like they are running scared now eh.
__________________
Re certified Lutzist Bob Lutz is BACK! You cant stop a great man.
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#7 (permalink) | |
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4.4 Liter Supercharged Northstar
Join Date: Jun 2006
Location: Houston, TX
Drives: Red 2001 Corvette
Posts: 2,628
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Re: Corn futures plummet as speculators exit market
Quote:
No, they'll just come up with some kind of other idiotic reason why ethanol is bad and evil. I love how the US starts taking steps to move away from fossil fuels (which is what the leftys want correct?) then they whine about we're using up all the corn and starving people 10,000 miles away (cue the tear down the cheek) who keep having 5 kids despite their economic situation. Then we start working on batteries for cars, then its all bad and wrong because those darn nasty batteries will pollute the soil or something. If we were still in horse drawn buggies we'd be animal abusers. If we walked every place we wanted to go we'd still be *******s because we'd be walking on grass or disturbing dirts right to be dirt. Basically we're damned if we do and we're damned if we don't. You can't please an environmentalist. If everything was pristine, they'd have no reason to exist thus they will always create some wild scheme just to justify their existence as a group. And gullible Americans will bite it hook, line, and sinker.
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Never underestimate the power of stupid people in large groups. |
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#9 (permalink) |
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4.4 Liter Supercharged Northstar
Join Date: Mar 2003
Location: Washington, DC
Drives: Trek 4500, DC Subway, 2008 Astra XR 2dr
Posts: 2,544
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Re: Corn futures plummet as speculators exit market
About damn time. I seriously hope a bunch of them lost their shirts on this one.
I don't know about you but I'm sick and tired of speculators ruining every market they touch-- dot coms, housing, oil, corn, etc. This is one "free market" we can do without. |
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#10 (permalink) |
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3.0 Liter SIDI V6
Join Date: May 2006
Location: CITY OF CHAMPIONS
Drives: 2004 GTO
2006 HHR
Posts: 716
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Re: Corn futures plummet as speculators exit market
Wait I thought that high corn prices were due to ethanol using it all up, Ahhhhh im sooooo confused, ........................................not.
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#12 (permalink) | ||
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6.2 Liter LS9 Supercharged V8
Join Date: Apr 2004
Location: Spring, TX, MX (Houston)
Drives: Clunker
Posts: 8,432
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Re: Corn futures plummet as speculators exit market
Quote:
Quote:
![]() All of the "get rich quick" traders are ruining the market. Instead of investing in the future it's all about making enough ASAP to buy that boat or BMW. |
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#13 (permalink) | |
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6.2 Liter LS9 Supercharged V8
Join Date: Dec 2003
Location: In front of my computer
Drives: 2006 HHR
1995 Honda Pasport SUV
Posts: 9,819
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Re: Corn futures plummet as speculators exit market
Quote:
Now, I think this is about to happen in all commodities. Prices will come tumbling. Last edited by mbukukanyau : 08-05-2008 at 12:18 AM. |
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#15 (permalink) |
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5.3 Liter Vortec V8
Join Date: Mar 2007
Location: Michigan
Drives: '05 GTO
Posts: 1,375
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Re: Corn futures plummet as speculators exit market
How long till the price of E85 comes down? I'm hoping for at least a price differential (E85 to E0) of at least 70 cents. (it's universally 50 cents different here now) That's about the break even point for actually saving money by using E85. Once we pass that line, everybody will want it.
If they'd start making high performance (premium fuel) cars into flex fuelers, we'd already BE there, since premium is 20 cents more. (E85 fuel IS premium)
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'05 GTO 6.0 Liter LS2 400 horsepower Anything less is just a hamster on a wheel. |
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