Ethanol Studies Paint Pretty Picture
Ethanol futures, which are allegedly becoming an investment of choice even among such elite entrepreneurs such as America`s Bill Gates of Microsoft and the UK`s Sir Richard Branson of the Virgin Group, has drawn $14.3 billion in support, and appears set for potentially bigger gains in the coming years. Ethanol futures appear to be an investment sector that is on the rise, according to the Smart Options Group. Smart Options is an investment-advisory firm.
Despite the perceived shortcomings of ethanol ? among them, the accusation that ethanol is not energy-efficient ? a Smart Options Group study found that the ethanol industry is still drawing billions of dollars in seed money from some of the biggest names in investment banking, including Morgan Stanley and Goldman Sachs, which recently poured $30 million into a Canadian biotech firm dedicated to ethanol.
Another recent study discovered three large-scale ethanol production facilities are ramping up to provide 300 million gallons of fuel a year during a fuel market that is seen to be prohibitively expensive for the vast majority of American workers and drivers. This ethanol finding represents 10% of current available stockpiles what are sorely needed fuel supplies.
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