High Stakes Energy Poker(July 6, 2007)

Posturing and jockeying recently by supply-side energy market players created what some might construe as a high stakes game of poker. The US Government’s cards propose a massive boost in ethanol output. US refiners’ cards are their expansion plans for existing plants. These plans, always subject to checks for economic viability by refiners, now seem undermined by the proposed ethanol targets. Download here