Prime example of government mandate distorting the market

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Post #296,170 by JayMehaffey 11/17/07 3:25:44 PM Reply	Prime example of government mandate distorting the market The US government has put a lot of money in corn->ethanol production. That is one of the worst ways to make ethanol and no money was put into distribution only into production. The end result is rising food prices due to corn being redirected into ethanol and ethanol prices collapsing because production is outstripping demand and distribution. Jay
Post #296,171 by Simon_Jester 11/17/07 4:08:43 PM Reply	But Archer-Daniels-McMills loves it.
Post #296,252 by folkert 11/19/07 9:48:10 AM Reply	Which ADM do you mean? Archer-Daniels-Midland? If you are talking about the one that is competitors of: Cargill and A.E. Staley Then no, yours is incorrect. -- [link\|mailto:greg@gregfolkert.net\|greg], [link\|http://www.iwethey.org/ed_curry\|REMEMBER ED CURRY!] @ *i_wethey* `PGP key: 1024D/B524687C 2003-08-05 Fingerprint: E1D3 E3D7 5850 957E FED0 2B3A ED66 6971 B524 687C Alternate Fingerprint: 09F9 1102 9D74 E35B D841 56C5 6356 88C0 Alternate Fingerprint: 455F E104 22CA 29C4 933F 9505 2B79 2AB2`
Post #296,254 by Another Scott 11/19/07 10:04:03 AM Reply	It's Always Danged Microsoft, of course. [link\|http://www.google.com/coop/cse?cx=006978452673906630972%3A_5xhnlvpsn4\|IWeThey Custom Search Engine]
Post #296,259 by imqwerky 11/19/07 12:40:25 PM Reply	Cute :-) Smile, Amy
Post #296,284 by Simon_Jester 11/20/07 12:11:01 AM Reply	Re: Which ADM do you mean? Sorry, it was Midland...I just didn't want to go look it up. ADM love ethanol not for the value of turning it to gas...but rather it makes corn more scarce. And if you're trying to compete against ADM in ethanol....when ADM is planning on making their profits in corn rather than ethanol...you're in a losing battle. (Battling ethanol with sugarcane might be a valid option...'cept you'd be fighting subsidies from Congress.)

Bill Gates bails out of ethanol w/$24 million loss. - (Andrew Grygus) - (11) - Nov. 17, 2007, 01:58:09 PM EST

Prime example of government mandate distorting the market - (JayMehaffey) - (5) - Nov. 17, 2007, 03:25:44 PM EST

But Archer-Daniels-McMills loves it. -NT - (Simon_Jester) - (4) - Nov. 17, 2007, 04:08:43 PM EST

Which ADM do you mean? - (folkert) - (3) - Nov. 19, 2007, 09:48:10 AM EST

It's Always Danged Microsoft, of course. -NT - (Another Scott) - (1) - Nov. 19, 2007, 10:04:03 AM EST

Cute :-) -NT - (imqwerky) - Nov. 19, 2007, 12:40:25 PM EST

Re: Which ADM do you mean? - (Simon_Jester) - Nov. 20, 2007, 12:11:01 AM EST

A Bloomberg story on it. - (Another Scott) - (4) - Nov. 19, 2007, 01:14:20 PM EST

There's a certain amount of logic there... - (admin) - (3) - Nov. 19, 2007, 01:19:59 PM EST

You saying that *isn't* included already??? -NT - (CRConrad) - (2) - Nov. 19, 2007, 02:30:02 PM EST

I don't know that it is or is not. - (admin) - (1) - Nov. 19, 2007, 03:08:13 PM EST

Ah. Yes, of course. (Darn well *should* be already, though.) -NT - (CRConrad) - Nov. 20, 2007, 01:30:04 AM EST

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cf. Amway - same phenom; effective too.
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