The price of a barrel of Black Gold has fallen near $57 as I write this, with some analysts forecasting a drop well into the $40s. That can’t be good news for ethanol plant developers.
How low do you think the price of crude will go? What’s driving the decline? Is it the economic crash? Have speculators turned elsewhere?
And perhaps more interestingly, what impact will any government strings – MPG requirements, et al. – on the auto industry bailout have on the price?