" 1. The ability to grow turnover (sales generated by each unit of operating assets)
2. The ability to earn excess economic profits." (taken from Seeking Alpha)
If this is your type of investing, then ethanol is not for you. Because there is only so much ethanol you can get out of any particular batch of carbohydrates, there is no way for one company to jump ahead of all the others and take the E85 prize (and shower it's investors with rich rewards). That's the take over at Seeking Alpha, anyway, and it's a fairly convincing argument. Anyone out there agree?
[Source: Seeking Alpha]