KANSAS CITY, Mo., Jan. 25, 2007 (PRIME NEWSWIRE) -- Bloomberg Television featured the CEO of Kansas City-based Alternative Energy Sources Inc. (OTCBB:AENS), asking him to give his perspective on President Bush's proposals to increase the use of biofuels in order to decrease dependency on foreign oil 20 percent by 2017.
The "Money & Politics" program was broadcast live on Wednesday as a follow-up to Bush's State of the Union address Tuesday night. Bloomberg program host Peter Cook asked AENS CEO, Mark Beemer if the president's proposals were "music to your ears and, more importantly, to your investors' ears." Beemer agreed that they were, noting that the president's proposals had bipartisan support and would "set the industry on new patterns of growth for the next 15 to 20 years."
Beemer also said that higher prices for commodities were not surprising because, "The market is sending signals to the American farmer" to produce more corn, and he expects them to respond by increasing their plantings this year. "Our executive team has been in the commodity business for 20 years," he said. That includes Beemer, a former executive of Archer Daniels Midland, the largest ethanol producer in the U.S.
Asked about the federal government's role, Beemer said it was twofold -- first, to provide incentives for new technological development of cellulosic ethanol and, second, to promote the production side "to scale up from the test tube to the grand scale of production" that will help lead America to energy independence.
The interview can be viewed on the AENS Web site at www.aensi.com.
AENS is developing "greenfield" sites, including constructing, owning and operating fuel-grade ethanol plants. For information: www.aensi.com.
The Alternative Energy Sources Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2961
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