Articles tagged with: Blenders Credit
by Holly Jessen (Ethanol Producer Magazine) …The arrival of the blend wall and expected increase in E85 prices due to the lapse of VEETC are two factors that have complicated the future outlook of ethanol …
(TheIndyChannel.com) Analysts Predict Higher Prices Ahead
…AAA said Monday that both gasoline and crude oil prices are at historic highs for this time of year.
The national average for regular gas climbed four cents a gallon last …
(Farm Futures) Even without VEETC ethanol is still making gasoline cheaper
In its monthly short-term outlook, the Energy Department expects U.S. benchmark crude oil prices to average over $100 a barrel in 2012 and touch an …
(Chicago Tribune) …Congress and the federal agencies responsible for managing the biofuel industry need to stop trying to artificially create a market for a high-tech product that may never exist on a commercial scale.
…At current …
by Geoff Cooper (Renewable Fuels Association) …In recent weeks, many headlines have trumpeted the argument that gas prices will be higher as a result of expiration of the VEETC. As is often the case, a …
by Robert Pear (New York Times) …“We are in a fairly prosperous period for agriculture,” said Dean C. Taylor, a former president of the Iowa Corn Growers Association. “Agriculture has not been as much of a …
by Chris O’Malley (Indianapolis Business Journal) …But it looks like motorists, rather than ethanol makers, stand to feel the pain.
The reason is the survival of another federal measure, known as the Renewable Fuels Standard. It …
by Kris Bevill (Ethanol Producer Magazine) Retailers are concerned about increasing E85 prices as a result of the Volumetric Ethanol Excise Tax Credit’s expiration, says Todd Garner, CEO of Boca Raton, Fla.-based ethanol marketer and …
(Farm Futures) Failure to renew the Volumetric Ethanol Excise Tax Credit will create a new world for the industry.
…What many consumers don’t realize is that the tax credit didn’t go to ethanol plants, it went …
(WRAL) Lack of action by state lawmakers and Congress is expected to raise gas prices in North Carolina by more than 8 cents a gallon, starting Sunday.
Half of the increase comes from the state. North …
by Charles Abbott and Reese Ewing (Drovers Cattle Network) A U.S. ethanol tax credit costing roughly $6 billion a year will expire on Dec. 31, with the U.S. industry declaring itself ready to stand on …
by Garry Niemeyer (National Corn Growers Association) Back in August, the Green Scissors Project identified ways the federal government could shave $380 billion from the federal budget over five years. But their $380 billion in …
(NACS Online) Refiners are starting to warn marketers to prepare for the end of the 4.5 cts/gal ethanol tax credit, which is set to expire at month’s end, absent last-minute action by Congress.
Chevron notified its …
by Dan Piller (Des Moines Register) Ethanol producers will lose about 25 to 30 cents per gallon on operating profits when the tax credit for blenders goes away after Dec. 31.
…(Walt) Wendland, who also is president …
(Platts) The EU’s Customs Code Committee approved Wednesday a draft regulation to raise import taxes for high ethanol blends, a source close to the matter told Platts.
The decision could result in increased domestic prices for …
by Cindy Zimmerman (DomesticFuel.com) In a letter to the co-chairs of the Joint Select Committee on Deficit Reduction, the so-called “super committee” assigned to find ways to cut the deficit, the Renewable Fuels Association today urged …
by Erin Voegele (Biorefining Magazine) …While some in the industry doubt that a Congress so focused on debt reduction will extend VEETC and the biodiesel tax credit, Greg Jenner, a partner in Stoel Rives LLP’s …
by Robert Rapier (Forbes) …My Plan: Award Direct Per Gallon Subsidies for Oil Displacement
Instead of offering grants and loan guarantees for cellulosic ethanol producers — and forcing blenders to pay when they can’t purchase product …
by Sarah Gustin (KXMB TV Bismark) …(Jeff Zueger / Blue Flint Ethanol) “We really need blender pump infastructure, we need flex fuel vehicle infastructure, so we can get to those higher level blends so consumers …
by Kent Theisse (Corn and Soybean Digest Blogs and Opinions) … Many people are very excited about producing ethanol from woodchips, switchgrass, algae and other substances; however, most of this type of ethanol production is still …
by Kris Bevill (Ethanol Producer Magazine) For years, in coffee shops and grain elevators across the upper Midwest, independent thinkers have voiced their opinions on the benefits of midlevel ethanol blends. Tales of fueling the …
by Lori Potter (Kearney Hub) The ethanol industry is willing to immediately give up $1.3 billion in tax breaks for federal debt reduction.
However, that probably can’t happen unless authorizing legislation is attached to a successful …
(Office of Senator Amy Klobuchar) Agreement would put savings toward deficit reduction, infrastructure
U.S. Senators Amy Klobuchar (D-MN), John Thune (R-SD), and Dianne Feinstein (D-CA) today announced that a bipartisan agreement has been reached that allows …
by Jacob Barker (The Columbia Daily Tribune) Policies fueled the boom in industry.
Federal subsidies for ethanol push up ethanol production and the price of corn, according to a report released today (June 27, 2011) from …
by Senator Mike Johanns (York News-Times) …Ethanol helped keep $34 billion of our money at home last year instead of going to other countries for foreign oil.
…Though these benefits are significant, today’s fiscal realities require …
by William Petroski (Des Moines Register) …Santorum, who is seeking the Republican presidential nomination, said he advocates phasing-out the existing tax incentive for ethanol production, commonly known as the blenders’ credit, by reducing the credit …
(StarTribune) Why is one fuel being targeted but another — oil — isn’t? …The best way to pay down the nation’s $14.3 trillion debt?
“Reducing wasteful spending a billion dollars at a time,” Coburn said.
Coburn has …
by Jim Lane (Biofuels Digest) In Washington, on a cloture vote in the Senate to proceed to an amendment that would end the current ethanol tax incentive immediately, Senator Coburn’s amendment lost 40-59, falling 20 votes …
by Lori Montgomery (The Washington Post) A majority of Senate Republicans appeared to break Tuesday with two decades of GOP orthodoxy against higher taxes, voting to advance a plan to abruptly cancel billions of dollars …
by Darren Goode (Politico)
Sen. Tom Coburn has pulled the trigger and is forcing a long-sought vote on an amendment repealing billions in annual tax incentives for ethanol.
The Senate will vote Tuesday afternoon on Coburn’s motion …
(Minnesota Public Radio News) The Assertion: The state and federal government should continue subsidizing ethanol
Ethanol’s promise as America’s path to energy self-sufficiency once seemed strong. But in recent years, that attraction has been tempered. Even …
(Renewable Fuel Association) The American Coalition for Ethanol (ACE), Growth Energy, the National Corn Growers Association (NCGA), and the Renewable Fuels Association (RFA) today praised the legislation offered by a bipartisan group of senators, led …
(Senator Chuck Grassley) Senators Chuck Grassley of Iowa and Kent Conrad of North Dakota today introduced bipartisan legislation to update ethanol tax policies in an effort to boost domestic energy production and increase America’s energy independence …
by Ayesha Rascoe (Reuters) …”The fact is the industry has pretty much been built,” USDA Chief Economist Joe Glauber told reporters on the sidelines of a Commodity Markets Council conference. “This isn’t a question of …
by Candace Krebs (AgJournal.com) Since Stratton Equity Co-op installed Colorado’s first “blender pump” offering a range of ethanol based fuels last April, interest has slowly been rising, right on track with national ethanol usage overall.
“We’ve …
by Porter J. Martin and Gregory J. Lynch (Ethanol Producer Magazine) …
Can ethanol survive without these supports? I believe the answer is yes, if we take steps to plan now. Why? Because we have …
by Todd Neeley (The Progressive Farmer) …(P)ressure from rising corn prices at the start of 2011 is expected to test ethanol producers’ ability to manage risk. …Rabobank said ethanol would remain profitable with corn …
by Cindy Zimmerman (DomesticFuel.com) The American Farm Bureau Federation is supporting a new direction in biofuels policy away from the blenders tax credit and toward increasing infrastructure.
“The whole discussion has been evolving within the industry and within …
by Robert Rapier (Consumer Energy Report/R Squared Energy Blog) …Reader Paul Nash came up with a specific plan…
Specific Recommendations
Scrap the VEETC (since there is a mandate already and it expires at the end of 2010).
Maintain …
(Growth Energy) The New York Times’ July 29th Editorial “Energy Subsidies – Good and Bad,” mischaracterizes Growth Energy’s proposal to open the American transportation fuels market and fails to acknowledge the technological advancements that have made …
by Joe Ruff (Omaha World Herald) It’s time for the federal government to move beyond offering tax credits to companies that combine ethanol with gasoline, said the CEO of the fourth-largest ethanol producer in the country.
Instead, …
(Growth Energy) Growth Energy, a coalition of U.S. ethanol supporters, today called for the redirection and eventual phasing out of government support for ethanol in return for a level playing field – infrastructure investments that will …
(Biofuels Digest) … (A)n overview by Digest special correspondent Tim Sklar, “Supporting Biofuels Prices without Taxes or Subsidies,” which examines the potential of subsidy-free programs to achieve the same price normalization goals as biofuels subsidies which …
Dr. Robert Wisner (AgMRC) A fuel ethanol blending wall has been anticipated for the last three years. When reached, it would halt growth of the ethanol industry or initially would cause demand growth to fall …
by Patrick Westhoff (Washington Times letter to editor) The editorial “Stop ‘Big Corn’ ” (Opinion, Monday) did not accurately describe the analysis of ethanol policy conducted by our institute.
The editorial says we at the University …
by Mark (Corn Commentary) …The next issue can already be seen on the horizon and it can be seen clearly because it is not a “new” criticism. It is called the Volumetric Ethanol Excise Tax …
