Joanne Shore Quotations

We're short here domestically. So we should be able to get increased exports (of ethanol) from Brazil. This assumes no change in the tariff structure.

What we don't know is if there will be enough supply at the right place at the right time. There is the potential for regional gasoline supply issues.

Over the next five years we could see capacity increases that are larger than we've seen in some time.

We'll need to find a whole lot more rail cars that may not be readily available. There's also concern about trucks, and the truck drivers needed for moving this are in short supply.

We would not be at all surprised to see temporary supply-demand imbalances resulting in price surges.

A lot of factors that existed in 2005 will continue in 2006. We expect to see demand stay relatively strong.