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Keyword: ethanol

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  • Aviation Biofuels About to Take Off

    06/20/2011 11:20:43 AM PDT · by bananaman22 · 13 replies
    OilPrice.com ^ | 06/20/2011 | Dr John daly
    An extraordinary convergence of recent events seems poised shortly to make aviation biofuels the belle of the investor’s ball. The first is that on 8 June the follows the international standards certifying body ASTM International announcing its approval of its BIO SPK Fuel Standard, to be made official later in the year, of the use of hydrotreated renewable jet (HRJ) Jet A-1 fuel in commercial aviation. The potential financial implications are massive, as together the airline industry and the U.S. military use more than 42.25 million gallons (1.5 million barrels) of jet fuel a day. One of the leading contenders...
  • Redfield Energy ethanol plant to convert to Gevo isobutanol process

    06/17/2011 7:17:31 AM PDT · by Free Vulcan · 36 replies
    Biofuels Digest ^ | 6.17.11 | Thomas Saidak
    In Colorado, Gevo has formed a joint venture with Redfield Energy to retrofit Redfield’s existing ethanol plant into an isobutanol plant, with an expected production capacity of approximately 38 MGy. The retrofit is expected to commence by year end 2011, and Gevo expects to begin commercial production of isobutanol at the facility in the fourth quarter of 2012. Gevo will provide the technology and capital necessary to retrofit Redfield’s existing 50 MGPY ethanol facility and, in exchange, will receive an equity interest in Redfield. Redfield owns a 50 MGPY ethanol production facility located two miles north of Redfield, SD. The...
  • $5 billion-a-year ethanol subsidy nearing its end? (Obama threatens a veto)

    06/17/2011 4:48:23 AM PDT · by tobyhill · 18 replies · 1+ views
    MSNBC ^ | 6/17/2011 | nbc
    How to remove $5 billion from the federal deficit in one fell swoop? Eliminate the $5 billion-a-year subsidy given to oil refiners for blending ethanol into gasoline. The Senate voted Thursday to do just that, and even though the amendment is attached to a bill that probably won’t pass, the 73-27 vote sends a message that many Democrats and Republicans are behind an idea supported by an odd coalition that ranges from Tea Partyers to the Sierra Club. Thirty-three Republicans joined 40 Democrats in voting to eliminate the subsidy. Provided in the form of tax credits, the subsidy gives 45...
  • Oh my: Senate votes to end ethanol subsidies, 73/27

    06/16/2011 6:46:47 PM PDT · by SeekAndFind · 77 replies · 1+ views
    Hotair ^ | 06/16/2011 | Allahpundit
    Yesterday’s vote failed for procedural reasons but they cleaned it up today and nailed down a remarkably bipartisan consensus. Eyeball the roll: 38 Democrats, 33 Republicans, and both independents voted yes, with no votes coming mainly from plains-states senators eager to keep the campaign cash flowing. When you’ve got both senators from California and both senators from Oklahoma on the same side of an issue, you’re working magic, my friends. The vote also could have ramifications on future votes to reduce the deficit. Much of the GOP conference supported Feinstein’s bill even though it does not include another tax break...
  • Senate votes to end $6 billion in ethanol subsidies (73-27)

    06/16/2011 2:56:08 PM PDT · by NormsRevenge · 46 replies · 1+ views
    Yahoo ^ | 6/16/11 | Tom Doggett - Reuters
    WASHINGTON (Reuters) – The Senate voted overwhelmingly on Thursday to eliminate billions of dollars in support for the U.S. ethanol industry, sending a strong message that the era of taxpayer support for biofuels is ending. The Senate in a 73-27 vote approved an amendment to end the 45-cent-a-gallon subsidy the government gives refiners and the 54-cent-per-gallon tariff on imported ethanol, which would be a boon to a major ethanol-producing country such as Brazil that makes ethanol from sugarcane. The Senate measure still faces a long road to becoming final. The White House issued a statement saying it was against a...
  • US Senate votes to end U.S. ethanol incentives

    06/16/2011 11:51:14 AM PDT · by Fractal Trader · 29 replies · 1+ views
    Retuers ^ | 16 June 2011
    The U.S. Senate voted on Thursday to end the 45-cent-a-gallon subsidy the government gives refiners and the 54-cent-per-gallon tariff on imported ethanol from Brazil and other countries. The proposal to end the ethanol incentives passed 73 to 27, and came in the form of an amendment that was tacked onto an underlying economic development bill that is not expected to pass the Senate. The White House said it was against a "straight repeal" of the federal incentives for ethanol.
  • Senate Backs Repeal of Ethanol Tax Credit

    06/16/2011 1:25:44 PM PDT · by bigbob · 16 replies · 1+ views
    WSJ Online ^ | 6-16-11 | Corey Boles
    The Senate voted Thursday to repeal a $6 billion tax credit for ethanol producers, a move that could signal the end of some federal subsidies as part of an eventual budget and debt-ceiling compromise. A bipartisan group of senators—40 Democrats and 33 Republicans—joined together in a 73-27 vote to support an end to the subsidy. The subsidy gives refiners a 45-cent-a-gallon tax credit for blending ethanol into gasoline and has been a factor behind higher corn prices in recent years. Sen. Chuck Grassley (R., Iowa), a longtime supporter of the credit, objected to the measure. The U.S. ethanol industry is...
  • Conn. cars being damaged by bad gasoline

    06/16/2011 11:28:32 AM PDT · by Puppage · 55 replies · 2+ views
    Milford, Conn (WTNH) - Local auto shops are swamped with dozens of cars in need of repairs, all due to bad gasoline. One dealership alone has serviced fifteen cars with fuel injection problems. Other service centers in Connecticut have been responding to similar complaints. Cars are stalling, sputtering, and just not running efficiently. Delilah Rios from West Haven noticed the problem with her Scion on Thursday. "They have to change the fuel injectors, they have to change the spark plugs, they have to clean out all the tubes, the gas," Rios said. The dealership concluded that the gasoline was the...
  • Bachmann’s Tricky Ethanol Politics - She’s for it, but she’s also a Tea Partier.

    06/16/2011 12:00:58 PM PDT · by neverdem · 42 replies · 1+ views
    NATIONAL REVIEW ONLINE ^ | June 16, 2011 | Katrina Trinko
    Bachmann's Tricky Ethanol PoliticsShe's for it, but she's also a Tea Partier. To the ethanol industry, Michele Bachmann has been both a friend and a foe. Over the course of her career, she’s carefully straddled the line between supporting the industry and arguing against government subsidies. “When it comes to ethanol, I think that it’s a part of our solution, but there’s concerns about that because of the subsidies,” Bachmann told Fox Business host Eric Bolling early this year. “I think it’s just something that we have to look at going forward.” When it comes to ethanol, the 2012 candidates...
  • Ethanol subsidies put to test again in Senate

    06/16/2011 10:25:03 AM PDT · by SmithL · 8 replies
    AP via SFGate ^ | 6/16/11 | STEPHEN OHLEMACHER, Associated Press
    Subsidies for ethanol are being put to the test again in the Senate Thursday, as budget cutters try to demonstrate a growing appetite in Congress to end special interest tax breaks to help reduce government borrowing. The Senate is scheduled to vote on two measures that would end subsidies for producing ethanol, a renewable, liquid fuel additive that comes mainly from corn in the U.S. One measure would repeal a $5 billion annual tax credit that provides 45 cents a gallon to oil refiners who mix ethanol with gasoline. The Senate rejected an identical measure Tuesday, 40-59, though some senators...
  • The Problem with Ethanol is the Mandate [Sounds Familiar.]

    06/16/2011 9:23:52 AM PDT · by 92nina · 21 replies
    ATR ^ | 2011-06-15 | Christopher Prandoni
    After a decade of experimenting with mandates, tax credits and tariffs, a national consensus has been reached that ethanol is just not worth it. Late to arrive at this conclusion are farmers, their Congressional representatives, and presidential candidates eager to win over primary voters—a coalition that has made it nearly impossible to begin unwinding the various policies designed to prop-up ethanol. The driving force behind U.S. ethanol consumption is the Renewable Fuel Standard (RFS), otherwise known as the ethanol mandate, which was established with the enactment of the Energy Policy Act of 2005.The RFS mandated that a minimum of 4...
  • Feinstein vs. Coburn-Feinstein on ethanol subsidy

    06/16/2011 8:11:52 AM PDT · by SmithL · 3 replies
    San Francisco Chronicle ^ | 6/16/11 | Debra J. Saunders
    On Tuesday, the Senate voted 40-59 against an amendment by Sen. Tom Coburn, R-Okla., to end the annual $6 billion (45 cents-per-gallon) tax subsidy for ethanol, as well as the 54 cents-per-gallon tariff on imported ethanol. Sen. Dianne Feinstein, D-Calif., was a co-author of the Volumetric Ethanol Excise Tax Credit Repeal Act. As she explained, the subsidy bestows $15 million a day "on large oil companies with no good reason" and drives up food prices. Yet Tuesday Feinstein voted against her own amendment. Feinstein explained to reporters that Senate Majority Leader Harry Reid promised her a vote on a similar...
  • Dems pounce on ethanol concession

    06/15/2011 1:02:08 PM PDT · by SmithL · 21 replies
    San Francisco Chronicle ^ | 6/15/11 | Carolyn Lochhead, Chronicle Washington Bureau
    Senate Democrats are making hay today with yesterdays' vote by a majority of Senate Republicans to repeal the tax credit for ethanol in defiance of Grover Norquist's "Taxpayer Protection Pledge." Here's the e-mail blast from Chuck Schumer and Bob Menendez, with a conference call coming: "In Watershed Moment, 34 Senate Republicans Broke With Right Wing Ideology Yesterday -- Vote Means Tax Expenditures Now Fair Game To Reduce Deficit...Schumer, Menendez to Call Yesterday’s Vote 'Sea Change' That Will Boost Movement to Finally End Wasteful Oil and Gas Subsidies." They are correct. The vote breaks GOP orthodoxy that for decades has pretended...
  • Senate Republicans clash with Grover Norquist

    06/15/2011 9:15:36 AM PDT · by Bigtom67 · 22 replies
    Politico ^ | 6/14/2011 | MANU RAJU
    Several Senate Republicans are angry at anti-tax activist Grover Norquist’s position on a major ethanol vote, creating a rift between one of Washington’s most influential conservatives and a Republican Party that has marched largely in lock step with his campaign tax pledges over the years. “What Grover Norquist has just done is blown his pledge wide open,” Sen. Mike Johanns (R-Neb.) told POLITICO.
  • Coburn on Grover Norquist: ‘Old news..doesn’t matter what he says’

    06/15/2011 7:58:31 AM PDT · by Bigtom67 · 18 replies · 1+ views
    Seattle PI ^ | 6/14/2011 | Chris Grygiel
    Coburn on Grover Norquist: ‘Old news..doesn’t matter what he says’ Coburn talks with reporters before their caucus luncheon on Capitol Hill Tuesday. (AP Photo/Alex Brandon) An intra-GOP feud played out in the U.S. Senate on Tuesday.
  • Incentives sought for ethanol made from natural gas

    06/15/2011 5:33:25 AM PDT · by thackney · 31 replies · 1+ views
    Fuel Fix ^ | June 15, 2011 | Simone Sebastian
    Dallas-based chemical company Celanese Corp. has engineered a process to produce ethanol from natural gas and wants the federal government to give it some of the same incentives afforded corn-based fuel. The company is promoting its technology, called Celanese TCX, as the answer to problems of corn-based ethanol — unpopular subsidies and its competition for a food crop, contributing to rising food prices. By using the prolific domestic natural gas supply to produce the gasoline additive, the nation can ease demand for corn crops with a petroleum product that doesn’t have to be imported, said Steven Sterin, Celanese chief financial...
  • Big Corn Eats GOP

    06/14/2011 6:47:23 PM PDT · by Kaslin · 54 replies
    IBD Editorials ^ | June 14, 2011 | Staff
    Subsidies: How is it that the party loudly proclaiming how the government shouldn't "pick winners and losers" could only manage to get 34 senators to oppose one of the most egregious examples of federal industrial policy? On Tuesday, the Senate rejected an amendment sponsored by Tom Coburn, R-Okla., to end the $6 billion in tax subsidies plus the import tariffs that have given rise to Big Ethanol. The measure got just 40 votes, six of them from Democrats. The picture doesn't get much better at the GOP presidential candidate level, where for every critic of the subsidy there's a Newt...
  • Senate sidetracks move to repeal ethanol credit

    06/14/2011 1:21:58 PM PDT · by NormsRevenge · 17 replies
    Yahoo ^ | 6/14/11 | David Espo - ap
    WASHINGTON – The Senate refused to kill a $5 billion annual subsidy for ethanol on Tuesday, backing continued government aid for a Farm Belt-based industry over deficit reduction in an era of record red ink. The 40-59 vote, far short of the 60 needed to advance the measure, reflected regional as well as partisan differences, a split among Republicans — and anything but the final word on the issue. "We continue to spend money that we don't have on things that we don't need," said Sen. Tom Coburn, R-Okla., a prominent deficit hawk who led the effort to eliminate the...
  • Coburn: "I Support Ethanol" [Love/Hate Relationship]

    06/14/2011 8:07:15 AM PDT · by 92nina · 14 replies
    ATR ^ | 2011-06-14 | Christopher Prandoni
    ...Coburn and Thune on the floor: THUNE: “One of our colleagues from South Carolina has introduced an amendment to this bill which would end that, and I assume -- I don't know this for a fact -- that my colleague from Oklahoma would support that amendment. Which would do away with the Renewable Fuel Standard. Certainly.” COBURN: “You obviously didn't hear what I was saying as you were conversing. I said I support ethanol. I wouldn't support that. And I said that. And I’ve been very up front with you in the past. You know what my position is on...
  • Coburn Amendment Half-Baked Without DeMint Fix [Kill the Death Tax & Ethanol Subsidies]

    06/13/2011 10:29:43 AM PDT · by 92nina · 2 replies
    ATR ^ | 2011-06-10 | Christopher Prandoni
    ...The government’s mandate of ethanol usage distorts energy markets and raises prices for consumers. In order to fully repeal the government’s unfair, anti-free market support of ethanol, all three policies must be eliminated—the mandate, the tax credit, and the tariff. Only the combination of the Coburn and DeMint amendments completely kills the government’s support of the ethanol regime. The DeMint amendment which abolishes the death tax insures that repealing the ethanol tax credit is done in a way that prevents additional money from flowing to the appropriations committees. ATR has always opposed all forms of government support of ethanol. Our...
  • As Republicans Move to Nix Ethanol Subsidies, USDA Pushes ‘Flex Fuel Pumps’

    06/13/2011 7:44:28 AM PDT · by CNSNews · 26 replies
    CNSNews ^ | 6/13/11 | Susan Jones
    (CNSNews.com) – Senate Republicans are moving to repeal all subsidies, mandates and tariffs on ethanol, the corn-based fuel additive. A vote is expected Tuesday afternoon on Sen. Tom Coburn’s (R-Okla.) amendment repealing the ethanol subsidy. In addition, Sen. Jim DeMint (R-S.C.) announced that he will introduce an amendment to repeal the renewable fuels standard that requires ethanol to be blended with gasoline.
  • 6 Driving Tactics to Save Gas This Summer

    06/13/2011 7:26:47 AM PDT · by bgill · 59 replies
    Popular Mechanics ^ | June 10, 2011 | Mike Allen
    Avoid Ethanol When Possible Gasoline that has been cut with 10 or 15 percent ethanol, called E10 or E15, is an mpg killer. Why? Gasoline stores more energy than ethanol (119,000 Btu per gallon vs 80,000). So it takes more ethanol than gasoline to go the same distance.
  • The Hidden Cost of Ethanol Subsidies

    06/10/2011 6:32:42 AM PDT · by BfloGuy · 8 replies
    Pajamas Media ^ | 6/10/2011 | Patrick Richardson
    By mandating 40% of our corn crop be dedicated to ethanol, we've created domestic shortages that may turn the U.S. into a net importer of corn and destroy our dominance in one more area of the world economy. [...] We are now reaping the unintended consequences of those decisions. Accepting as fact that American farmers are the most productive in the world, and also accepting as fact that the agriculture sector is one of the few sectors of the economy which is performing well, we’re still faced with a problem. Coming off the third-highest corn harvest in U.S. history in...
  • Ethanol issue slips behind jobs, deficit in Iowa

    06/09/2011 9:26:42 PM PDT · by quantim · 17 replies · 1+ views
    AP/WorldMag ^ | Jun 9, 10:57 PM EDT | THOMAS BEAUMONT
    DES MOINES, Iowa (AP) -- Gone are the days when ethanol topped the list of policy priorities in Iowa, the corn-rich state that hosts the leadoff presidential caucuses. But apparently some of the 2012 Republican presidential field isn't giving up on the issue, magnifying the relevance of ethanol subsidies to suit their campaigns. Former Minnesota Gov. Tim Pawlenty calls ending the subsidy a hard truth, while former Utah Gov. Jon Huntsman says his opposition to the subsidy is why he won't bother to campaign there. But powerful Iowa Republicans also want to phase out the federal tax credit for ethanol,...
  • Kernel of Truth: Even Iowans don't care about ethanol subsidies anymore

    06/09/2011 7:04:49 AM PDT · by SeekAndFind · 8 replies
    Slate ^ | 06/09/2011 | John Dickerson
    DES MOINES—Iowans think of themselves as particularly discerning voters. They like to tell reporters how they like to meet candidates a few times before coming to an opinion—on this trip I hadn't even gotten to my rental car before someone made this point—and candidates tell this story back to voters at nearly every stop as a way of buttering them up. But Iowa also has another political truth that is supposed to be equally iron-clad: Voters are so wedded to ethanol subsidies that if you oppose them, it won't matter how many times you shake a voter's hand and look...
  • 2012ers still running on ethanol

    06/04/2011 3:12:38 PM PDT · by TaxPayer2000 · 15 replies
    seattlepi ^ | June 4, 2011 | POLITICO
    Despite the libertarian, small-government rhetoric from conservative candidates and voters, Republican presidential hopefuls aren't ready to quit energy subsidies just yet. It sure sounds like GOP contenders are talking tough: Tim Pawlenty has turned on his old buddy, ethanol, and Sarah Palin called this week for cutting all energy subsidies, setting a tea-party-like marker that others may feel pressured to emulate. But in fact, the declared and potential presidential candidates are all over the map - and by no means fleeing en masse from their traditional support for subsidies. Mitt Romney still supports ethanol subsidies. So do Newt Gingrich and...
  • Palin's Multiple Paths, through Iowa and Ethanol, to the Nomination

    06/04/2011 1:34:11 PM PDT · by Brices Crossroads · 60 replies
    06/04/2011 | Brices Crossroads
    When Sarah Palin came out against government subsidies in general, including ethanol subsidies, which are reputedly inviolable among voters in grain producing states like Iowa, the beltway archons pronounced this a very grave problem for her in the "first in the nation" Iowa caucuses this February 6. Since she is expected to win here, a loss in Iowa would finish her campaign early, so they tell us. As a stopped clock, is this one of the two times for the beltway "wise men" are correct? No, it is not. Palin's position against government subsidies in general is good fiscal and...
  • Palin: End All Energy Subsidies

    06/01/2011 5:55:00 PM PDT · by Kaslin · 39 replies
    IBD Editorials ^ | June 1, 2011 | Staff
    Energy Policy: The former governor of energy-rich Alaska calls the administration's bluff: End tax breaks for all forms of energy, she says, and let the free market pick winners and losers. End the ethanol pandering too. She isn't running, or riding, for president, at least not yet. But at a stop on her One Nation bus tour, Sarah Palin offered a winning idea for an economy strapped for energy and jobs and saddled with unsustainable debt. "I think all our energy subsidies need to be re-looked at today and eliminated," Palin told Scott Conroy of Real Clear Politics during a...
  • A World Food Shortage Is Looming, Buy Ag Stocks

    05/31/2011 3:30:02 PM PDT · by WILLIALAL · 48 replies
    Seeking Alpha ^ | May 31, 2011 | David White
    The world grain inventories were already depleted from truly terrible weather in 2010. Now we are seeing even worse weather so far this year. China is experiencing its worst drought in 50 years. The government says this weather is decimating a major grain belt, and it is leaving livestock without water. Fish farms have been ruined. Who knows the long term effects? More than 4.3M people are having trouble finding drinking water. Actually this last is a much bigger problem throughout China, which has a long term drinking water problem. The Chinese have released extra water from the Three Gorges...
  • Sarah Palin wants to terminate all energy subsidies, including ethanol

    05/31/2011 1:44:23 PM PDT · by 2ndDivisionVet · 244 replies
    The Los Angeles Times ^ | May 31, 2011 | Andrew Malcolm
    Sarah Palin was asked Tuesday about the sticky subject of ethanol subsidies, and she said that not only they should they be squelched but that all federal energy subsidies should be eradicated. "I think that all of our energy subsidies need to be relooked at today and eliminated," Palin told Real Clear Politics at a coffee shop in Dillsburg, Pa. "And we need to make sure that we're investing and allowing our businesses to invest in reliable energy products right now that aren't going to necessitate subsidies because, bottom line, we can't afford it." Ever the maverick, Palin was responding...
  • Palin: Eliminate All Energy Subsidies

    05/31/2011 9:03:23 AM PDT · by Bigtigermike · 94 replies
    RealClearPolitics ^ | Tuesday May 31, 2011 | Scott Conroy
    DILLSBURG, Pa. -- Asked Tuesday whether she supports the federal subsidy of ethanol, an always critical issue in the presidential nominating cycle, former Alaska Gov. Sarah Palin went one step further and called for the elimination of all energy subsidies. "I think that all of our energy subsidies need to be relooked at today and eliminated," Palin told RCP during a quick stop at a coffee shop in this picturesque town tucked into the south-central Pennsylvania countryside. "And we need to make sure that we're investing and allowing our businesses to invest in reliable energy products right now that aren't...
  • Palin said that she does NOT support ethanol subsides

    05/31/2011 8:09:59 AM PDT · by Bigtigermike · 125 replies
    Tuesday May 31, 2011 | Scott Conroy
    Reporter Scott Conroy of Real Clear Politics just asked Sarah Palin on her 'One Nation' bus tour if she supports Ethanol subsides or not and she said 'NOT' RealClearScott Palin says she does NOT support ethanol subsidies. 10 minutes ago FYI - since many were curious about her stance on the subject, which some voters see as a critical judgement on a candidate on how they answer that question
  • Corn on the Cob and the Summer of Discontent

    05/29/2011 7:43:42 AM PDT · by usalady · 34 replies
    Examiner ^ | May 29, 2011 | Martha
    Anyone looking forward to corn on the cob slathered with butter this summer may find that it has become an expensive part of their diet. Or it not be available at all.
  • Romney in Iowa: "I Support the Subsidy of Ethanol"

    05/27/2011 6:11:55 PM PDT · by Clintonfatigued · 118 replies
    Real Clear Politics ^ | May 27, 2011 | Scott Conroy
    On his first trip back to the nation's first voting state as a soon-to-be declared presidential candidate, former Massachusetts Gov. Mitt Romney reaffirmed his support for federal ethanol subsidies -- an always important campaign issue in Iowa that figures to take on an even more central role in the divided GOP field. "I support the subsidy of ethanol," Romney told a potential voter after an event here was cut short by a fire alarm. "I believe ethanol is an important part of our energy solution in this country." Support for ethanol subsidies has long been considered a political necessity for...
  • T-Paw’s Five Greatest Challenges (The 5 questions Pawlenty must answer, and fast!)

    05/24/2011 6:46:06 AM PDT · by SeekAndFind · 35 replies
    National Review ^ | 05/24/2011 | Ramesh Ponnuru and Rich Lowry
    Tim Pawlenty is making it official today. For a candidate in the low single digits, he’s been given strong odds for winning the nomination by some analysts. George F. Will said a couple of weeks ago that the former Minnesota governor is one of three people who might be sworn in as president in 2013 — and the other possibilities include only one actual candidate, Barack Obama (the other was Mitch Daniels). The rapidly congealing conventional wisdom is that all the no-shows in the field benefit the former Minnesota governor. There’s no doubt that Pawlenty has real strengths. He compiled...
  • Oil “subsidy” and “tax breaks” nonsense

    05/21/2011 7:53:48 AM PDT · by Kaslin · 15 replies · 1+ views
    Townhall.com ^ | May 21, 2011 | Paul Driessen
    President Obama frequently says Americans "need to end our $4 billion in annual taxpayer subsidies to oil companies." The latest Democrat bill would have repealed some $2 billion of what Senator Charles Schumer (D-NY) and others call "subsidies" and "special tax breaks" for Big Oil. That’s baloney – shameless demagoguery that will inflict further damage on our struggling economy. Subsidies are cash payments from government to the private sector. Money is taken from the 51% of Americans who still pay income taxes – and transferred by legislators and bureaucrats to companies and activities that "deserve" or "require" these wealth transfers,...
  • Aide: Tim Pawlenty running for president (will announce his candidacy on Monday)

    05/20/2011 11:03:07 AM PDT · by SeekAndFind · 27 replies
    MSNBC ^ | 05/20/2011 | Brian Bakst
    Former Minnesota Gov. Tim Pawlenty, a laid-back Midwestern Republican who governed a Democratic-leaning state, is running for president and will declare his candidacy on Monday in the leadoff caucus state of Iowa, an adviser told The Associated Press. The adviser, who disclosed the plans on the condition of anonymity in advance of next week's announcement, said Pawlenty will formally enter the race during a town hall-style event in Des Moines, Iowa. He's choosing to make his long-expected bid official in a critical state in his path to the GOP nomination. Advisers acknowledge that Pawlenty, 50, must win or turn in...
  • Boondoggle Ethanol Program Got You Down? Help End it.

    05/19/2011 5:04:09 AM PDT · by possum john · 46 replies
    Below the Gnat Line ^ | May 19, 2011 | Ken Carroll
    Ethanol is Not About Energy Independence Have you figured out that the federal ethanol program is not about becoming energy independent, but about putting Midwest corn farmers on the government dole? If not, keep reading. If so, are you ready to help end it? That's in here, too. If you think ethanol lowers fuel prices, then I guess you don't know that each gallon of ethanol is subsidized 47.5 cents per gallon by our tax dollars. In fact, Brazil exports ethanol, but we put a 54 cents per gallon import tax on Brazilian ethanol and then limit its import to...
  • More Bad Weather Could See Record Food Prices

    05/17/2011 3:04:25 PM PDT · by NRG1973 · 14 replies
    CNBC.com ^ | May 17, 2011 | Patrick Allen
    With drought threatening food production in the EU, US and China, analysts at Renaissance Capital believe the next 8-10 weeks will be crucial to prices in 2011 and 2012. “The food price threat for 2011-2012 is very significant, but may disappear in August. It depends entirely on the weather over May to July,” said Renaissance Capital’s Charles Robertson. “If we do not get the right mix of rain and sun in the coming 8-10 weeks, then later this year we will see record price levels for the most important cereal in the world today – corn,” he said. If this...
  • Why It’s Wrong to Agree with the Malthusians about Ethanol

    05/13/2011 4:57:48 AM PDT · by IbJensen · 31 replies
    Pajamas Media ^ | 5/13/2011 | Robert Zubrin
    Rising food prices are the result of rising oil prices, not a growing market for ethanol.In an op-ed article printed in the Denver Post May 8, editorial columnist Vince Carroll endorsed the view of population control advocate Lester Brown that the U.S. corn ethanol program is threatening the world’s poor with starvation. This endorsement is especially remarkable in view of the fact that, as the otherwise generally astute Mr. Carroll has correctly noted many times in the past, all of Lester Brown’s many previous limited-resources doomsday predictions have proven wildly incorrect. In fact, Lester Brown is wrong about the alleged...
  • Conventional fossil fuels sometimes 'greener' than biofuels: study (duh...)

    05/11/2011 11:24:58 AM PDT · by Red Badger · 10 replies
    http://www.physorg.com ^ | 05-11-11 | Massachusetts Institute of Technology
    In an effort to combat soaring fuel prices and cut greenhouse gas emissions, the aviation industry is racing toward the use of biofuels. In 2008, Virgin Atlantic became the first commercial airline to fly a plane on a blend of biofuel and petroleum. Since then, Air New Zealand, Qatar Airways and Continental Airlines, among others, have flown biofuel test flights, and Lufthansa is racing to be the first carrier to run daily flights on a biofuel blend. However, researchers at MIT say the industry may want to make sure it has examined biofuels' complete carbon footprint before making an all-out...
  • Huckabee is in.

    05/10/2011 7:22:30 PM PDT · by RED SOUTH · 152 replies
    This link is up. Huckabee is asking everyone to pray for him as he decides about running for President. This is purely political to fire up his christian right base. He has already decided to run , one does not really pray in public with a website if they have not already decided.
  • Obama’s fuel alternative vehicle push may lead to fleets using more gas

    05/09/2011 7:01:48 AM PDT · by Qbert · 17 replies
    EGM Cartech.com ^ | May 09, 2011 | Stephen Calogera
    President Obama’s plan to have the government employ a fleet of vehicles that uses alternative fuels, such as ethanol, may actually end up increasing the use of gasoline, rather than decreasing it. Last year, 55% of fleet vehicles capable of running on E85 – a blend of 15% gasoline and 85% ethanol – were given waivers for conventional gas, because E85 was no where to be found. That makes sense however, as E85 is only carried in about 1% of filling stations nationwide. “If you don’t have the infrastructure, it’s going to be tough to use the fuel in these...
  • Allen, Radtke court Tea Party vote

    04/30/2011 10:02:41 AM PDT · by JimWayne · 10 replies · 1+ views
    Radtke and other Tea Party activists have been hammering Allen from the right, pointing out that the national debt rose by $3 trillion during Allen's single term in the U.S. Senate and that he voted multiple times to increase the limit on how much the government can borrow to pay its bills. "It's a moderate form of conservatism, and we don't like that," said Kurt Feigel, president of the Lynchburg Tea Party and a Radtke supporter. "He's got to overcome that, and I don't know how he's going to do it."
  • It's Getting Harder to Bring Home the Bacon (it's Bush's fault!) (Big Government® at work)

    04/29/2011 5:43:32 PM PDT · by rabscuttle385 · 24 replies
    The Wall Street Journal ^ | 2011-04-29 | Mary Kissel
    (snip) What triggered the upswing? In part: ethanol. President George W. Bush "came forward with—what do you call?—the edict that we were going to mandate 36 billion gallons of alternative fuels" by 2022, of which corn-based ethanol is "a substantial part." Companies that blend ethanol into fuel get a $5 billion annual tax credit, and there's a tariff to keep foreign producers out of the U.S. market. Now 40% of the corn crop is "directed to ethanol, which equals the amount that's going into livestock food," Mr. Pope calculates. (snip) Food price inflation isn't a problem confined to America's shores....
  • Pawlenty defends ethanol subsidies (First Newt, now Tim, Who's Next?)

    04/28/2011 12:00:35 PM PDT · by SeekAndFind · 69 replies
    The Hill ^ | 04/28/2011 | Christian Heinze
    Tim Pawlenty, after being asked yesterday about his support for ethanol subsidies, which is a key issue in Iowa. "We can't just pull the rug out from under the industry," he said. "There are going to have to be some changes, but we have to be fair-minded about it." Earlier this year, the National Review's Katrina Trinko detailed the ethanol records of Mitch Daniels and T-Paw, among others. She found that both were good friends to the industry -- an uncomfortable, ideological brotherhood, but politically-helpful in both Iowa and their own states. When Mitch Daniels was sworn in as governor...
  • Newt Gingrich pocketed $300K+ to promote ethanol

    04/26/2011 7:15:24 AM PDT · by pikachu · 23 replies
    Politoco ^ | April 26th, 2011 | Kendra Marr
    Newt Gingrich earned more than $300,000 consulting to a major ethanol lobbying group in 2009, according to the Center for Public Integrity. IRS filings show that Growth Energy, a coalition of ethanol producers, paid Gingrich’s consulting firm $312,500 – one of the group’s largest single expenditures that year. But a Growth Energy spokesman told the Center that Gingrich was not hired again in 2010. (The group’s IRS report for 2010 isn’t available.) Earlier this year, Gingrich brawled with the Wall Street Journal after giving a speech supporting ethanol subsidies in Iowa. The Journal’s conservative editorial board said that Gingrich’s “ethanol...
  • Ethanol vs the poor

    04/22/2011 9:48:27 PM PDT · by Pining_4_TX · 28 replies
    The Freeman online ^ | July 2007 | P. Gardner Goldsmith
    U.S. government requirements for increased ethanol use have already caused a higher demand, and thus higher prices, for corn, and the trend will only worsen as more government strictures interfere with the market. These higher prices have devastating effects on people living on the margins. In Mexico the cost of corn tortillas has more than doubled in the past year. Between August and December 2006, anticipation of increased demand for corn drove prices from $2.09 to $3.01 per bushel, making it more difficult for the impoverished to afford the basic foodstuff on which they rely. But this unnatural increase in...
  • Republicans Offer Plan on Gas Prices (2006)

    04/21/2011 5:58:53 PM PDT · by JimWayne · 9 replies
    NYTimes ^ | April 27, 2006 | DAVID STOUT
    Republican senators offered a relief package today for a public dismayed by rising gasoline prices. They also proposed new government investments in alternative fuels, like ethanol, and in hybrid vehicles, and they pledged to aggressively investigate whether some petroleum companies are guilty of price gouging. ... Senator Rick Santorum of Pennsylvania blamed "the obstruction of the folks on the other side," ... the Republican senators' package calls for giving the administration new authority to raise fuel-efficiency standards; spending $1.1 billion on alternative-fuels research and $1.8 billion on hybrid-vehicle research...
  • Time To Kill Ethanol Subsidies (Now!!!)

    04/19/2011 5:47:20 PM PDT · by Kaslin · 40 replies · 1+ views
    IBD Editorials ^ | April 19, 2011 | Staff
    Big Government: If Washington is truly serious about cutting the nation's mounting debt, there's one way to show it: Eliminate the ridiculously expensive and wasteful ethanol subsidy. There are few products in the U.S. that are as heavily promoted, subsidized and protected by the federal government as ethanol. First, the feds have since 2005 required the use of ethanol in gasoline — 12 billion gallons of the stuff this year, rising to as much as 36 billion by 2022. Then, ethanol gets a 45-cents-per-gallon subsidy when blended into gasoline. And then, to protect the domestic ethanol market, the government slaps...