Just a few weeks ago, the media was focused on there not being enough ethanol to meet the demand with the phase out of MTBE. Now we’re seeing articles questioning if we might be heading toward producing too much ethanol.
Forbes’ Dirk Lammers writes “some analysts say the burgeoning industry faces risks of oversupply, volatile commodity prices and a dependence on government subsidies.”
A Bloomberg News piece by Joe Carroll says “Within two years, planned expansion by ethanol producers will push U.S. supplies past demand, according to Standard & Poor’s.”
The dire predictions come on the heels of VeraSun’s shining initial public stock offering last week raised $419.8 million. The stock skyrocketed to $30 by market close on Wednesday. The company‘s shares fell in the days afterward to close at $25.25 Friday. Shares of Bill Gates’ investment Pacific Ethanol have fallen 43 percent in the past month. Meanwhile, two other ethanol companies, Hawkeye Holdings Inc. and Aventine Renewable Energy Holdings Inc., are planning their own initial share sales later this year.
“Investors poured $14.3 billion into U.S. ethanol stocks in the past 12 months, according to data compiled by Bloomberg.”
Like anything else, the key is moderation – too much expansion too fast could ultimately wind up hurting the inudstry. But, also like anything else, there’s a rush to cash in while it’s hot.
We had a beautiful view at our dinner location here Sunday evening in Salt Lake City.
On our last evening here in Salt Lake City a group of us from the convoy were hosted at a private home up on a mountainside overlooking the city for a very relaxing dinner. We started out though putting mailing labels on boxes that are being sent overseas to our troops via 
Travelling along with our convoy is Ralph Garcia, Highway Safety Truck. Ralph was my ride back to the hotel last night.
During our dinner last night here in Salt Lake City, we saw 
When we got into Salt Lake City late yesterday we went straight to 
I made a little stop off the highway with Albert Renteria, President of 
We drove through some pretty territory getting here to Salt Lake City. At our midday fuel stop you could see some snow on the mountain tops around us.
Our first major fueling stop on the highway Saturday was this 
Hello from Salt Lake City. Yesterday was a long travel day and tomorrow will be too. This morning I had to get organized and find an internet access spot that works. I’m on my 4th location which is a Sheraton hotel and it’s working!