Parliament resumes after the summer recess, tomorrow.
Ethanol is on the Parliamentary agenda. The Minister of the Environment will lead the debate on behalf of the government (PM has been invited to Washington).
The Minister is committed to the long term usage of ethanol as an additive to petrol, due to the positive effects on the environment, as well as a substantial foreign exchange saver.
The minister rejected representation by the oil companies, regarding the long term effects of ethanol on the life of the internal combustion engine. The oil companies obviously have a vested interest in knocking ethanol on the head.
I believe that in view of the current world oil situation heading for crisis, Indcor (ICO) is strategically placed to benefit enormously. Furthermore, I believe that Indcor will be one of the stand-out stocks on the Australian Stock Exchange in 2003.
