« Exchange Rates and Politics | Main | What do women want?» Russell Roberts
February 01, 2007
Chief Bootlegger
Russell Roberts
Shocking news. The nations chief bootlegger made a lot of money last quarter. The WSJ reports:
Archer-Daniels-Midland Co.'s fiscal second-quarter earnings rose 20%, as higher ethanol, starch and sweetener selling prices were partially offset by an increase in corn costs.
Check out the contribution of "bioproducts":
All four of ADM's business segments posted improved operating profits compared with the year-earlier period. Corn processing, its largest segment, posted a 42% increase to $335.5 million. Within corn processing, bioproducts operating profit rose 55% to $189.3 million and sweeteners and starches operating profit increased 28% to $146.2 million.
Posted by Russell Roberts in Politics | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/t/trackback/23120/7731281
Listed below are links to weblogs that reference Chief Bootlegger:
Comments
And, in the process raised the price of tortillas for Mexican peasants.
Posted by: Patrick R. Sullivan | Feb 1, 2007 1:54:06 PM
Please see my latest "Muenchhausen" blog. I shall be adding more on the ethanol-fuel topic. http://muenchhausen.blogspot.com. Best wishes.
The Green Baron
jjgreenbaron@cs.com
Posted by: Green Baron | Feb 1, 2007 8:45:27 PM
20%? And yet "Big Oil's" 9% happen to break a record in actual dollar amount, and so I've not been hearing about ADM on the news.
Posted by: Ray G | Feb 2, 2007 6:03:51 PM
I have this sneaking suspicion that it takes a ton of energy to grow corn, harvest it, ship it to ADM, and then turn it into ethanol.
Posted by: Will C. | Feb 3, 2007 9:24:48 PM
MY SEX VISEO.WOW! Beyonce shows her pussy! Like Shannon Elizabeth.
[url=http://xrl.us/22ha][img]http://www.xhollywood.com/celebrity/pictures/albums/celebrities-2/shannon-elizabeth/thumb_shannon-elizabeth-17.jpg[/img][/url]
[url=http://xrl.us/22ha][b]More details here[/b][/url]
Posted by: MR. Mac kinsi | Jul 19, 2007 8:19:27 AM
The comments to this entry are closed.
