Pacific Ethanol Inc (NASDAQ:PEIX)
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The Company is engaged in the production, marketing and sale of ethanol and other renewable fuels in the Western United States.
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The Company is engaged in the production, marketing and sale of ethanol and other renewable fuels in the Western United States.
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Ethanol is not an economically viable alternative to fossil fuels.
It really is just that simple.
It is also really hard on small equipment or anything you leave gas in very long, as it attracts water vapor. It puts serious pressure on corn prices that really hurts meat producers. If they would stop subsidizing its production it would die a quick death. But hey, print money and throw it around, or out of helicopters.
You must mean *corn* ethanol.
Still how can an economically minded individual bet against a guaranteed subsidy? It is stupid, (corn ethanol) but as long as their profitability is law their stock price may buck your thumbs down. Logic is on your side, but not physics.
Not yet commercially viable, maybe, but that can change. And when it does this is going to be a big time short squeeze.
"Not yet commercially viable, maybe, but that can change."
No, it really can't. No matter how efficient they make the process, it is still constrained by basic biology/chemistry/physics which make corn ethanol less efficient than other fuels (including non-fossil alternatives like methanol and biodiesel).