ALTERNATIVE FUELS Energy analysts are lukewarm on ethanol’s prospects
Nov 01, 2007 | 10:58 AM
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While many ethanol plants have sprouted up on the plains of the Midwest, energy analysts are torn as to whether the market has plateaued.
Ernie P. Goss, economics department chair at Creighton University, Omaha, Neb., said he sees the market for ethanol—and the related steel products to refine and store the fuel—growing. "There are a lot of new plants under construction and we have a Congress and a President who are behind it," he said. "If anything, we'll get more that way. I can't imagine it not moving in that direction."
Oil prices have been going up and long-term projections are for oil prices to remain high, Goss said. "Oil above $80 a barrel does not bode well for gasoline derived from oil."....
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