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<p>[QUOTE=&quot;medoraman, post: 1092240, member: 26302&quot;]The 1.6 to 1 figure is highly dubious. It was put together by an environmental think tank. Any numbers like this are meaningless unless someone drills down to the assumptions, and another group did that another study showed 1.3 to 1.6 MORE energy from ethanol than inputs. </p><p><br /></p><p>Long term I do not like using food for energy, I think something like using untillable land for biomass would be more in our interest than using rapidly disappearing tillable cropland. I am CFO of a large agricultural firm, and we were briefed last fall on the major factors moving crop prices. Wheat harvests were down around the world, and that is what increased demand for corn from the US. Ethanol production hurt, but the major change was foreign demand to replace wheat crops lost. For soybeans, we have the largest stockpile in history, prices for beans seem to be more speculative that Chinese demand will continue to grow despite historically high stockpiles. This means if the Chinese put in place an import freeze soybean prices will drop like a rock.[/QUOTE]</p><p><br /></p>

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