"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Tuesday, July 01, 2008

US Corn / ethanol industry - a quick overview

This graphic from the New York Times today provides a quick overview of the industry ..the article reviews the effects of the recent bad weather in the mid west corn growing states.

Federal and other subsidies to the corn growers and ethanol refiners should total $12 billion this year, according to estimates by Barclays Capital. ...but then you can't believe their parent company's balance sheet either.

Here's their share price for the last 12 months Handy Hint - Gemma says just click on it to enlarge.

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(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish