Good, but the industry will be held capitive to political...

Good, but the industry will be held capitive to political constraints, tax incentives and competition in the industry. small players will initially be profitable but once large scale commences may be unviable. its a growth area, but all high risk.

Ethanol is not saving CO2 emissions, merely providing an alternative to oil, biodiesel is better for lower CO2 emissions. Bush will need to get his priorities right, not sure when Howard will come out of denial, but when he goes the renewable sector should benefit.