See What People Are Saying About... Gas Prices & Ethanol
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 a net energy loss of around 25%.
Converting FEED CORN (which is what the ethanol plants use) that is grown to feed livestock does not and is not taking food away from people. After the sugar from the corn has been used to make the alcohol the distiller grain left over which contains the protein & fats from the kernel goes to feed livestock anyway.
Start comparing how gasoline is made to how ethanol is made and anyone will be able to see that ethanol is far superior by any measurement from (energy gain/loss, water usage, energy independence, etc.)
-- Patrick R.
And that leads to our Fast Money Reader Poll. Do you think we should continue to develop ethanol as a means of reducing dependence on foreign oil?
Ethanol is not the only cause of food inflation... In the last 2 years my fuel prices (as a farmer) have more than doubled, fertilizer prices have also doubled, labor wages are increasing, my seed prices have gone up 25% and land rent prices are up 30%. I cannot afford to sell corn for the same price I received 2 years ago. There is a lot more to the rising prices than ethanol.
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