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05-22-2008, 10:51 AM
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Credit Suisse says no need for Renewable Fuel Standard, ethanol works at $8 a bushel
An analyst with Credit Suisse said that the energy from corn is worth $8 per bushel while oil remains above $120 per barrel. Accordingly, with corn prices now dropping (currently at $5.80 per bushel, down from more than $6), the advantage in blending ethanol will exist regardless of the presence ...
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