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Ethanol Keeping Gasoline Prices Low as Crude Reaches New Highs!
Have you noticed? Crude oil is reaching new highs — and gasoline prices are NOT! Ethanol producers are HERE TO STAY and SORD is on track with its new ethanol facility!
Oil on the New York Mercantile Exchange is up 36% this year, but you have NOT seen gasoline prices reach comparable heights.
One reason for steady gasoline prices: the use of ethanol as an additive to gasoline is on the rise, a recent September 21, 2007, article in the Wall Street Journal Reports. . Ethanol costs more than 60 cents a gallon less than gasoline, and gasoline suppliers can offset some of the rise in crude-oil prices by blending their gasoline with small amounts of the cheaper fuel.
Supplies of gasoline are below the historic average, according to the Energy Information Administration.
We could and may see gasoline prices rise with the hurricane season in full force, and refineries are set to enter a round of scheduled maintenance as they prepare to switch production to the winter fuel season.
But you have ethanol to thank every time you fill up!
Southridge Enterprises will invest the $3.3 Million financing capital in what is planned to be the largest bio-refinery complex in the state of Mississippi, breaking ground on the plant by the end of 2007 and beginning production in 2008.
Contact:
Alex Smid, 888-862-2192, ext. 3
http://www.southridgeethanol.com
Southridge Enterprises, Inc.
3625 N. Hall St.
Suite 900
Dallas, TX 75219
Phone: (214) 347.9473
Email: info@southridgeethanol.com
Website: http://www.southridgeethanol.com
About Southridge Enterprises, Inc. – Southridge Enterprises is a renewable energy company with a mission to become the ethanol producer of choice in the southeastern region of the United States. The Company is focusing its efforts in an area which offers abundant supplies of corn, superior transportation infrastructure and expedited permitting processes. The Company is actively acquiring and developing ethanol production facilities and anticipates start-up of the first phase of these operations in 2007. Southridge Enterprises is headquartered in Dallas, Texas. For more information, please visit our website: www.southridgeethanol.com
Forward-Looking Statements – This news release contains “forward-looking statements,” as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, successfully equipping the Quitman County plant for the production of ethanol, and the startup of production of in 2008, if at all.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company’s current and periodic reports filed from time to time with the Securities and Exchange Commission.
Disclosure: Pentony Enterprises LLC has been compensated $10,000 directly from the company for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
KEYWORD: Mississippi Texas
INDUSTRY KEYWORD: Energy Alternative Energy Alternative Vehicles/Fuels Automotive Environment
