Since this thread has almost evloved into one on alternate fuels, let me add this little rant:
The local Huntsville, AL news has aired a three night segment about 3 seperate local farmers who are investing their family fortunes to jointly build a refinery and produce ethanol for US consumption. The news channel has jumped on the bandwagon over the buzz of alternate fuels and ethanol in particular. They are touting the three guys as innovators, idealists and heroes for bringing back self reliance for US fuel needs, providing jobs and minimizing the opportunity of terrorism funded by foreign oil profiteers.
While I have no problem with a few guys jumping in on the early going and paving their own way to personal wealth, let's call a spade a spade. They are neither innovators, idealists nor heroes, they are good ole Capitalists.
One other problem I foresee with ethanol is the effect production will have on other commodities. All three of the guys mentioned are major landowners in north Alabama and currently grow cotton. What do you think is going to happen to the price of cotton once farmers make the switch over to corn and soy because of the higher demand and inevitable increase in prices per bushel? The price of cotton will also increase due to reduced supply. The same will be true of many other agricultural products to include wood. Pine for pulp, paper and lumber is also a big industry in the south but takes years to turn over. Corn and soy can probably be turned over twice a season.
It's going to get interesting in the future as we search for viable alternate fuels.