iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,417 Blog Posts

EPA HIKES BIOFUEL MANDATE; CORN SET TO BURN

Good news for all of you corn lovers out there. Monsanto has been doing such a good job at managing our food supply, they decided to up the mandate on biofuels in the gas mix–screwing the refiners, but ingratiating the alternative energy plays.

Here is the alt energy index in Exodus
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I don’t know what to think of this shit, frankly. When corn was super expensive, I used to shit on the EPA for their “crazy liberal ways”, burning food and all. But now food is plentiful and cheap, despite what my WFM bill says. So, maybe this is a good thing: burn up the fucking corn and give another industry a shot at success.

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To play this, long term, maybe GPRE works, with PEIX as a dice roll gamble. You’d have to be super drunk and fatalistic to invest in this sector. Then again, look at VRX and how I am making the money in it (extra russian accent, soviet era).

As for corn, I’ll leave that to you chart chomping catamites.

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