Posted on 09/29/2020 9:47:03 AM PDT by Diana in Wisconsin
A study conducted by the University of Florida and Arizona State University revealed the estimated economic loss ethanol producers will experience in 2020 is $7.9 billion.
That number jumps from $7.9 billion to $8.6 billion when unemployment is factored.
"The COVID-19 pandemic in 2020 had a major negative impact on U.S. ethanol, gasoline, and oil prices and production," the authors wrote. "COVID-19 has had a major impact on ethanol production."
According to the Renewable Fuels Association, the study matches their internal analysis from July, which found producers could see about $7 billion in pandemic-related losses.
"This new, independent study confirms what has already been made painfully clear to the 350,000 men and women whose jobs are supported by the ethanol industry," RFA President and CEO Geoff Cooper said. "The COVID-19 pandemic caused fuel demand to plummet and forced scores of ethanol plants to shut down, resulting in steep economic losses for the industry. While market conditions have improved since the spring, the ethanol industry is still struggling to fully recover from the pandemic, and ethanol producers across the country remain under financial stress."
Cooper also urged lawmakers to take action so ethanol producers are not left behind in the next COVID-related aid package.
"The HEROES Act passed by the House in May included emergency relief provisions for ethanol producers, and a similar measure was introduced in the Senate by Sens. Grassley and Klobuchar," he said. "We remain hopeful that a fourth COVID-19 aid package, with emergency relief for ethanol producers, will finally be pushed over the goal line in the weeks ahead."
Don't count on it. Pelosi & the Socialist Democrats WANT you hurting!
Eh. Making ethanol with corn is just plain stupid, scientifically. However if Uncle Sugar is willing to subsidize it then full steam ahead! F*** the taxpayers.
“350,000 men and women whose jobs are supported by the ethanol industry”
And my tax dollars.
Ethanol would not be an industry without the government propping it up.
Ethanol is already highly subsidized. Its required use is bad science and bad policy.
I agree with you all about ethanol. I normally buy the 91 octane, ethanol-free gasoline. More expensive, but my cars, mowers, 1954 Allis Chalmers tractor, ATV, etc. run better without corn. :)
You would think that the sales for sanitizer would offset the decline from the sale of gasohol.
My family has been producing ethanol for several hundred years without any help from the gov’t.
Making ethanol isn’t the problem, mixing it with gasoline is.
Lol. I bet. Got the process down too.
They should’ve been making whiskey out of that corn. They would have made out like Walmart, I mean outlaws!
Cant get clear gas where I live even though e10 is only required during the winter months. Stations cannot compete with clear gas vs the subsidy.
....agree....! if and when this country ever goes to a mandated E-15 vehicle fuel, how many engines will eventually burn up as a result...? I currently drive a car that has an “E-0 - E-15” sticker on the fuel filler cap, so it would probably be okay, but for older cars...??? the U.S. Gubbermint shells out subsidy (actually, bribe) money to the corn farmers in return for their support and votes...indeed; bad science and bad policy....!
Don’t add the Pyridine, methanol, and any other additives to denature the ethanol. Sell it in mason jars cheap along with a line of flavoring additives.
I did my part supporting the ethanol industry- heck, I’m drunk right now!
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