The astrophysicist calculates that his method could save airlines hundreds of millions of dollars per year, not to mention abushelof time for passengers.
But senior energy analyst Fadel Gheit of Oppenheimer and Co. says oil companies can no more control those prices than a farmer can dictate what he gets for abushelof corn.
But the EPA said Thursday that the impact of ethanol on corn prices was only 7 cents per bushel--a fraction of the overall price increase since last year.
John Rivera, U.S. Sustainable's chairman, admits he gets some skeptical looks when he describes his "secret" process for turning soybeans into liquid gold at a rate (five gallons per bushel) that experts say defies the laws of chemistry and physics.
The government's purchase of some 80 million bushels of wheat will help farmers by raising prices as much as 13 cents abushel, said Clinton during his weekly radio address.