Al Gore Not Supporting Corn Ethanol: How To Play It

According to sources, Al Gore is no longer supporting corn ethanol as a fuel. This would almost certainly reduce demand for corn ethanol, and ethanol stocks like Pacific Ethanol, Inc. PEIX. Pacific Ethanol produces and sells ethanol and its co-products in the western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho, and Washington At last check, shares of PIEX were up 6 cents to 76 cents, a gain of over 8%.