This morning, as CNBC devoted wall-to-wall coverage to the corn-crop report, stirring old memories of Trading Places, a couple of anchors astutely wondered if all the unusual attention being paid to this typically mundane report wasn’t a sign of some kind of top in ethanol.
It’s something Energy Roundup’s been wondering, too. We suggested in our latest post that the ethanol boom was unlikely to end soon; but, given Energy Roundup’s forecasting record, that means there’s a 50/50 chance that the ethanol boom will end very soon, indeed.
And if you believe the old saw that when a trend finally makes it to popular magazine covers, the trend is very over, then things aren’t looking good for alternative energy: Time, Fortune, The Atlantic Monthly and even Sports Illustrated have featured global warming and/or green technology on their covers recently.
Indeed, despite the tight grip global warming and alternative energy seem to have on the public’s imagination these days, people aren’t exactly cutting back on trips to the grocery store in their SUVs, the New York Times reports today – even with oil at $66 a barrel and gas prices at $3 a gallon in many parts of the country.
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This morning, as CNBC devoted wall-to-wall coverage to the corn-crop report, stirring old memories of Trading Places, a couple of anchors astutely wondered if all the unusual attention being paid to this typically mundane report wasn’t a sign of some kind of top in ethanol.
