The 90 Million Barrel Question

July 26, 2012Dear Client:Lester Jones, the chief economist for the Beer Institute, gave his usual State of Industry speel in New York this week, and some of his observations are unique. THE MORE THINGS CHANGE..... Interestingly, the beer industry is in about the same shape it was in 1960, just at 50% share of ethanol, according to BI data. What happened between then and now is interesting. Back in 1960, while beer had 51% share of ethanol, spirits had a