letter below from Danish banker, Thomas Fischer, shows the
potential available from investing in alternative oil. This also shows
why Denmark (which currently produces 11% of its electricity from
windmills) currently has one of the strongest economies in the world
and why this trend may continue.
"I read a very interesting article today regarding alternative car
"Before I continue I just want to give you some background information:
"In Denmark we pay 9.75 Danish kroner per litre petrol and 4 litres =
1 gallon i.e a gallon is 39 kroners or USD 6.25!!
"Today bio ethanol from rapeseed, corn and sugar beet is about 1
kroner (15 cents) more expensive than normal petrol per litre and the
actual cost associated with making bioethanol is 4,40 kroners per
litre (it sells for 10.75-4.40= 6.35 is fuel tax).
"A professor from the Danish Agricultural Institute expects production
costs to fall to 3.30 from today 4.40 kroners in a matter of a few
years making it cheaper than petrol - not counting possible further
oil price increases. Furthermore the professor expects that production
techniques will enable Denmark within 5-10 years to produce enough
bioethanol to service the entire Danish fleet of cars. In order to
make these quantities only 16% of today's agriculture land has to be
changed into bioethanol producers.
"The Danish politicians are having discussions whether to reduce the
bioethanol fuel tax in order to make it even cheaper to run your car
on environmental friendly fuel. We might actually end up with cheaper
and cleaner fuel in the future.
So keep an eye on investment potential in bio fuels as well as in the
Until next message, Good Global Investing!
P.S. Join Merri, Thomas Fischer of Jyske Bank and me to review where
to invest and do business now and learn which markets and currencies
may be strong in the year ahead. DETAILS
P.P.S Focus on Import-Export with Merri and me and tour Ecuador
on our Import Export Expedition.