Today in Biofuels Opinion: “The $5 billion investment that Warren Buffett is making in Goldman Sachs is just like the one Bill Gates made in Pacific Ethanol”

John Mizroch, DOE acting assistant secretary for energy efficiency and renewable energy: “Without ethanol, the price of gasoline would have been a lot higher.”

An anonymous Smith Barney employee writing at money.cnn.com Talk Back: “The $5 billion investment that Warren Buffett is making in Goldman Sachs is just like the one Bill Gates made in Pacific Ethanol. Buffett gets a high-yield debt instrument with a no-risk equity kicker to exercise if business improves. If it doesn’t, then he calls in the well-secured debt and collects the 10% income.”

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Sunday Times releases Top 100 Green Rich List: Gates, Khosla, Allen among eco-pioneers

In the UK, the Sunday Times released its Green Rich List, the top 100 fortunes who have become "eco-pioneers". At the top of the list, wind power investor Warren Buffett and renewable fuel investor Bi...

Bill Gates dumping Pacific Ethanol stock; converting preferred at $8 to sell at $3.83 or less

In California, Bill Gates has commenced selling half his 20 percent stake in Pacific Ethanol for prices between $3.45 and $3.83 per share. The company said that they expected Gates to sell half his sh...

Bill Gates chops Pacific Ethanol holdings by 1 million shares

In California, Bill Gates reduced his holdings in Pacific Ethanol to 9.5 million shares, from 10.5 million, out of the 41.8 million shares outstanding. This reduces Gates' holdings from 21 percent to ...

Bill Gates to unload 21 percent stake in Pacific Ethanol; shares plummet 22 percent

An investment company owned by Bill Gates, Cascade Investments, will file to convert its preferred shares in Pacific Ethanol to common stock and register a potential sale. Cascade owns 21 percent o...

Brazil’s Brenco projects $3.2 billion from IPO this year or in 2009

In Brazil, Brenco said that it expects to raise $3.2 billion from an IPO no later than 2009, and will use the proceeds to construct 10 ethanol plants by 2015 with a planned capacity of 1 billion gallo...

Biofuels Digest Index up 0.99 points to 103.37 as Energy Bill prospects lift ethanol stocks

The Biofuels Digest Indexâ„¢, a basket of public biofuels stocks, rose 0.99 points yesterday to close at 103.37, as rising prices for pure-play ethanol stocks offset mixed results from large cap a...