As a rule, I try and stay clear of the politics on this blog - that's not what investment should be about. Numbers and facts should rule the roost, period. But investors have to take note of the rise in US biofuel stocks in anticipation of President Bush's speech. And we still don't know what he will say !

Meanwhile, today Pacific Ethanol has been upgraded by one analyst to outperform, which is pretty good timing for them.

Oil meanwhile has closed up to $55.

As I said in my blog here on the 17th January "Could it be that the oil selloff has overshot and that ethanol stocks may be on the way up again?"

At the moment, the answer would appear to be yes.