E85 is going to be a much more significant market for us down the road. But you have to get more vehicles on the road that can use E85, and you need more outlets.

Our industry is adding capacity at a phenomenal rate and will be able to adequately supply ethanol to the markets that need it.

I think some in the environmental community won't be all that warm and fuzzy about [coal-fired ethanol]. It's fair to say there's a trend away from natural gas, but coal is just one approach. Other technologies are part of the mix, too.

By doing this, the president recognizes that the future of ethanol is not just as a blending component, but as a replacement fuel.

We are expanding rapidly and will continue to do so with comments like the president made last night. It sends a very strong signal to our industry, financial markets that the future for ethanol is secure.

Clearly, ethanol is something we are doing now that we can do more of that will provide at least a part of the solution for the future. We wouldn't be having this discussion if oil was $25 a barrel.