Articles tagged with: VEETC
(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 …
by Steve Meyer (National Hog Farmer) … In a recent newsletter, Rob Musser of NutriQuest, Mason City, IA, (www.nutriquest.biz) lays out the economic proposition for ethanol plants removing corn oil from DDGs. First, corn oil …
(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 Mark Steil (Minnesota Public Radio) A couple of key federal subsidies for the renewable fuel industry are about to end, cutting billions of dollars tax credits for the ethanol and biodiesel industries.
Congress could renew …
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 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 Jim Lane (Biofuels Digest) …Your calls and emails are always the highlight of our days. Most questions can be answered johnny-on-the-spot. Some are still out there and well worth arguing over. Here are the …
(25 x ’25) Amid the political clamor surrounding congressional efforts to cut federal spending over the next decade and reduce the nation’s deficit, the ethanol industry has conceded that a seven-year subsidy benefiting the sector …
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 …
by Holly Jessen (Ethanol Producer Magazine) From the standpoint of Matt Horton, CEO of Propel Fuels, efforts in 2011 to extend the Volumetric Ethanol Excise Tax Credit imperiled the future of the industry. “For so …
by Ron V. Lamberty (American Coalition for Ethanol/Ethanol Producer Magazine) …And, we need to make their customers comfortable buying new blends of fuel such as E15, E85 or other midlevel blends.
A gasoline retailer recently told …
by Kate Bechen and Porter J. Martin (Ethanol Producer Magazine) …But what often is missing in criticisms of ethanol is an acknowledgement that the oil industry significantly benefits from a variety of tax credits, incentives …
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 Kris Bevill (Ethanol Producer Magazine) As the U.S ethanol industry confronts the reality that the 45-cent-per-gallon Volumetric Ethanol Excise Tax Credit and 54-cent ethanol import tariff will end on Dec. 31, some industry representatives …
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 Kris Bevill (Ethanol Producer Magazine) Anti-ethanol interests have launched their latest campaign focused on ensuring the demise of ethanol subsidies with a letter sent Sept. 15 to all members of Congress urging them not …
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 Janet Kubat Willette (AgriNews.com) Expect direct payments to take a hit in the next farm bill, Sen. Al Franken told a Farmfest audience Aug. 3.
The Minnesota Democrat said the super committee of 12 Congresspeople could …
by Jim Lane (Biofuels Digest) Brian Jennings, Executive Vice President of the American Coalition for Ethanol “ACE and our members are disappointed that the ethanol compromise was not included in the final debt limit deal …
by Darren Goode & Darren Samuelsohn (Politico) Popular energy and environmental programs should prepare for a decade of spending cuts under the debt deal reached late Sunday between the White House and congressional leaders.
Less clear, …
by Brent Erickson (Biofuels Digest) Reports of the Volumetric Ethanol Excise Tax Credit’s (VEETC) early demise have been a bit overblown. Though several groups and reporters believed the die was cast and the potential revenue …
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 …
(San Francisco Chronicle/Bloomberg) Ethanol manufacturers are set to thrive even if they have to give up $6 billion a year in U.S. tax subsidies because a government mandate for increased use of the fuel may …
(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 …
(AP/Bloomberg/The Washington Post) If a $5 billion-a-year federal subsidy that helped build the ethanol industry comes to an end, it will likely mean two things, experts who have followed its development say.
First, it doesn’t guarantee …
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 Joanna Schroeder (DomesticFuel.com) Earlier today, Sens. John Thune (R-SD) and Amy Klobuchar (D-MN) created waves when they announced their new biofuels bill the Ethanol Reform and Deficit Reduction Act. This act is designed to address …
by Joanna Schroeder (DomesticFuel.com) Senators John Thune (R-SD) and Amy Klobuchar (D-MN) along with a bipartisan group of nine other Senate colleagues have introduced the Ethanol Reform and Deficit Reduction Act. The bill is designed …
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 …
by Jim Lane (Biofuels Digest) …Instead of simply not collecting a portion of the fuel tax, the consumer is charged the whole amount, which is collected by the gas station and paid to the government. …
(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 …
by Daniel Looker (Agriculture.com) …But when Senator Tom Harkin was asked about his sense of support for the Grassley-Conrad Bill on Thursday, he said that it has some risks. Harkin supports Grassley’s bill, and is …
by Geoff Cooper (Renewable Fuels Association) The Energy Policy Research Foundation (EPRINC) recently released a white paper inexplicably suggesting that the cost of the Federal ethanol program exceeds its benefits by a factor of 3 to …
(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 Jim Snyder (Bloomberg) …Senators Dianne Feinstein, a California Democrat, and Tom Coburn, an Oklahoma Republican, said the 45-cent credit, which is given to oil refiners for each gallon of ethanol they blend with gasoline, was unjustified …
