With oil prices sitting on the edge of their biggest price spike in history, alternative sources of energy have once again taken centre stage.
Ethanol is one of the most logical products to follow. It is easily blended with petrol, and being manufactured in Australia, presents a significant saving in foreign exchange. Furthermore, the petrol/ethanol blend is much more environmentally friendly than pure petrol.
The jury is out on the long term effects of ethanol to the internal combustion engine.
Certain states in Australia (eg NSW), allow a maximum of 20% by volume ethanol/petrol mix.
Indcor, a company listed on the Australian Stock Exchange, is strategically placed to take advantage of the current oil crises, by offering a viable alternative to pure petrol.
IMHO, Indcor (ICO) will be one of 2003's stand-out stocks.
