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Originally Posted by Shankz
Didn't they start opening up Ethanol pumps and the prices jumped higher than gasoline because the demand was so high? Sounds like everyone in that industry wants more off the top to me, which would never have boomed like this if not for all the shit going on in the Middle East.
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You're right partially; the events on 9-11 ultimately lead to people looking at Ethanol in America in a more serious fashion, but eventually we would have started to look at it the same way anyways. Eventually we would have ran into the same issues in the future... 9-11 certainly facilitated the volatile state of the middle east but the current tensions going on now would have happened sooner or later; from the looks of the state of things, sooner is the key word there.
I personally bought into the whole Ethanol band wagon and bought a shitload of stock in ADM? one of the biggest stock mistakes of my life. That?s not to say the stock is worthless; it?s just that the stock hasn?t moved much for me. I want to hold on to it because of the tensions in the middle east but honestly it?s a lot of money and I would really like to sell it =\ Fucking 9-11.