Investors lukewarm over ethanol boom
December 31st, 2006The ethanol industry appears poised for a big year in 2007, as companies scramble to take advantage of continuing government subsidies and a growing political desire to reduce the country’s dependence on foreign oil.
But Wall Street investors who went pedal-to-the-metal during ethanol’s midyear frenzy in initial public offerings of stock seem to be easing off [...]