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Keyword: ethanol

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  • Senate blocks bill that included ethanol repeal

    06/21/2011 3:27:28 PM PDT · by SmithL · 15 replies
    AP via SFGate ^ | 6/21/11
    WASHINGTON, (AP) -- Republicans have blocked a Senate jobs bill that included a repeal of the ethanol tax credit. Yet ending that tax break remains a live option for budget cutters looking for ways to reduce massive federal deficits.
  • Record Food Prices Linked to Biofuels

    06/20/2011 1:17:23 PM PDT · by Red Badger · 16 replies
    MIT Technology Review ^ | Friday, June 17, 2011 | By Kevin Bullis
    Reports from the WTO and USDA show that corn supplies are influenced by biofuel subsidies and mandates. The biofuels industry is being blamed for record food prices and high price volatility. Earlier this month a report from the World Trade Organization and other international agencies recommended that governments cut support for biofuels to ease that volatility. On the heels of that report, the U.S. Department of Agriculture issued its corn forecast; it suggested that corn supplies will be very tight this year because bad weather has limited planting and because the share of corn going to ethanol is increasing. After...
  • 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...