Articles tagged with: VEETC
(U.S. Energy Information Administration/Ethanol Producer Magazine) Federal subsidies for renewable energy—including biofuels for transportation use and renewable generation of electricity—dropped to $6.7 billion in fiscal year (FY) 2016, a 56 percent decline from FY 2013. Renewable …
by Mike Chisam (The Hays Daily News) A recent article in the Hays Daily News, titled “Subsidized madness,” makes erroneous claims about the Renewable Fuel Standard and ethanol. The article attacks the RFS by using the …
by Jonathan Coppess (Farm Doc Daily) The Renewable Fuel Standard (RFS) has been a hot topic of late given the release of the final rule and its rather prominent feature leading up to the recent Iowa …
by Holly Jessen (Ethanol Producer Magazine) Four executives of ethanol plants gathered on stage during the general session June 5 at the International Fuel Ethanol Workshop & Expo (FEW) to have a conversation about running …
By Joanne Ivancic (Advanced Biofuels USA) At the March 21 Bioenergy Day on Capitol Hill, discussion focused on the need for a continued Renewable Fuels Standard, reviews of the history of biofuels, assessment of current …
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 …
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 …
(Milken Institute Global Conference) With oil prices spiking and concern over climate change growing, biofuels hold tremendous appeal. But they must overcome considerable hurdles. Further process and technology refinements are needed to ensure that biofuels …
(AlbertLeaTribune.com) Get ethanol at the pumps.
That’s what the farmer owners of the Poet Glenville ethanol plant told Sen. Al Franken they would like to see. The comments came during a meeting Wednesday at the plant.
“We …
by Tyler Ellyson (Columbus Telegram) Robeson, general manager of Frontier Co-op in Brainard, considers the corn-based fuel to be the crutch that the Midwest and Nebraska economies leaned on during the recent recession — keeping …
by Kate Galbraith (New York Times) Cellulosic ethanol could be poised for a surge — finally.
Around the country and especially in the Midwest, a number of proposed plants that would turn corn cobs, wheat …
(Novozymes) The United States has a lot riding on the success of its biofuel industry – energy independence, job creation, and environmental stewardship. But really, how far is the country in achieving its goals? There …
(OPIS) …According to sources familiar with the proposal, the Renewable Fuels Association, Growth Energy, the American Coalition for Ethanol and the National Corn Growers Association (NCGA) have agreed to phase down the current 45 cts/gal …
By Juliane von Reppert-Bismarck (Reuters/Forexyard) European bioethanol producers will decide by the end of March whether to file a legal complaint with the European Commission over U.S. subsidies, the EU’s main bioethanol lobby said.
Producers such …
(IowaPolitics.com) Floor Speech of Sen. Chuck Grassley Ethanol and Energy Independence Delivered Monday, March 07, 2011
…We must look to alternative and renewable resources so we can improve our energy and national security.
This includes supporting energy …
by Matt Hartwig (Renewable Fuels Association/Baltimore Sun) The Sun may have cut back its foreign bureaus, but your editorial writers (“End subsidies for corn-based ethanol,” March 14) must still be aware of the turmoil in …
(Wallaces Farmer) …NCGA (National Corn Growers Association) delegates attending the meeting in Tampa, Fla., adopted ethanol policy that states “NCGA supports reforming existing ethanol tax policy. Ideas to replace existing tax law, in the following priority …
by Robert E. Kozak (Advanced Biofuels USA) With the oil industry, a 150-year old mature enterprise, still receiving at least 2.5 times the subsidies of the renewable fuel industry ($72 billion 2002-2008, Environmental Law Institute …
by Jim Lane (Biofuels Digest) …Tom Buis, CEO, Growth Energy: “Anyone who blames ethanol for pain at the pump simply hasn’t looked at the market, where ethanol is historically cheaper than gasoline. In fact, ethanol …
by Matt Kelley (Radio Iowa) At a political event in central Iowa last night, former Louisiana Governor Buddy Roemer promised to end ethanol subsidies if he’s elected president. Roemer’s comment didn’t wow the crowd in …
by Jim Lane (Biofuels Digest) In Washington, a coalition of 90 organizations urged Congress to let the refundable Volumetric Ethanol Excise Tax Credit (VEETC) expire and to resist calls for spending on infrastructure for conventional …
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 …
(Farm Futures) Iowa Senator says what’s fair for oil should be fair for ethanol.
…During a speech on the Senate floor, Grassley said, “I’d like to remind my colleagues of a debate that we had earlier …
(Newsweek) Republican Sens. Jim DeMint of South Carolina and Tom Coburn of Oklahoma were Tea Partiers before the term existed.
…Now they’ve found a new, eminently worthy target: The 7 billion taxpayer dollars that annually go to …
by Brian Hansen (Platts) Republican leaders in the US Congress said Tuesday after a private meeting with President Barack Obama that they plan to focus on tax issues before legislators adjourn for the year, but …
by Bob Dinneen (Renewable Fuels Association) Letter to the Editor, Chicago Tribune, Re: Dennis Byrne’s column “Time to stand up to ethanol interests.”
…First, Byrne’s facts and figures are accurate for the tax credits for domestic ethanol …
(Chicago Tribune/AP) A decision by Congress on whether to extend or gradually phase out a tax credit to oil companies and refiners to blend ethanol with gasoline could make or break some of Indiana’s 12 …
by Matt Hartwig (Renewable Fuels Association) Earlier this week, Iowa State University Professor Bruce Babcock released a policy brief entitled “Impact of Ethanol, Corn, and Livestock from Imminent U.S. Policy Decisions.” Much of this analysis …
by Geoff Cooper (Renewable Fuels Association) Ethanol prices have strengthened over the past several months in response to higher corn prices and growing ethanol demand. Some have attempted to single out the escalation in ethanol prices …
by Todd Neeley (Progressive Farmer) In the eternal mudslinging between supporters and opponents of biofuels, “subsidies” are one of the opponents’ biggest and most painful mud balls.
“If ethanol is such a good idea, why does …
By Cindy O’Connor (Advanced Biofuels USA)The Washington DC, September 30 briefing topic was why the Volumetric Ethanol Excise Tax Credit (VEETC) should not be renewed.
The first speaker, Dr. Harry de Goerter, Cato Fellow and Professor, …
by Sasha Lyutse (Natural Resources Defense Council) …
As a result, the VEETC has not only concentrated the ethanol industry in just a handful of states, but siphoned scarce resources away from more competitive biofuel technologies …
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, …
by John M. Urbanchuk (ENTRIX/The Hill) In his July 27 blog posting “The economics of U.S. ethanol policy” Professor Bruce Babcock of Iowa State University reports the results of new research suggesting that allowing the current …
(Renewable Fuels Association) In its editorial (“It’s time to end the excessive subsidies for corn ethanol,” 7/24/2010), the Post failed to provide its readers any context, misled them about the nature of U.S. ethanol production, …
by Jay Heflin (The Hill)
A new study by the Center for Agricultural and Rural Development shows a reduction in the ethanol tax credit proposed by the House Ways and Means Committee and removing tariffs on …
(Grainnet) The Green Scissors campaign, a diverse coalition of taxpayer, environmental and consumer groups, released July 22 Green Scissors 2010, a report highlighting government programs and subsidies that are wasteful to taxpayers, harmful to the environment …
by Jim Lane (Biofuels Digest) …Two new data points have been introduced. A Congressional Budget Office report on the ethanol tax credit, and a report from Bruce Babcock et al at Iowa State, funded by …
by Bruce A. Babcock, Kanlaya J. Barr, Miguel Carriquiry (Center for Agriculture and Rural Development, Iowa State University) The U.S. ethanol industry is lobbying hard for an extension of existing ethanol import tariffs and blenders …
by Jim Lane (Biofuels Digest) Growth Energy, the Renewable Fuels Association, the Environmental Working Group, the Grocery Manufacturers Association, the Natural Resources Defense Council, the American Meat Institute, and several members of congress are among …
(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 …
by Robert Rapier (Forbes) …In order to better understand the intricacies of the issues involved, I have been engaged in dialogue with a number of industry groups and economists. Here I will try to shed …
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 …
