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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Turnaround play?
Every machine with moving parts either works on electricity or gas. As of right now, only some vehicles move on electricity. Until the time comes when all the oil is used up and all the defense infrastructure of all the countries is totally electric or anything else, and all the cars in the world run on something other than oil,
ethanol will always be around. There will be one more time when ethanol making companies will see good days.
Either that or we use bicycles till they come up with a new source of energy after all the oil is used up.
-Paras