Posted on 11/14/2017 10:07:17 PM PST by iowamark
Sen. Ted Cruz is pressuring Iowa Gov. Kim Reynolds to reach a deal between oil refiners and the ethanol industry over the Environmental Protection Agency's renewable fuel mandate.
Cruz, speaking on behalf of a group of eight GOP senators, wrote in a Tuesday letter to Reynolds that they do not wish to up-end the market for corn ethanol produced in her state, which is the nation's top producer of the fuel.
Instead, Cruz argued that the senators' real problem with the Renewable Fuel Standard is refiners being required to buy expensive renewable identification number credits, or RINs, to meet the EPA's ever-increasing biofuel targets.
Cruz said the real beneficiaries of sustained high RIN prices are Wall Street traders and speculators who try to make money as refiners shed jobs to pay for the credits. The RFS requires refiners to blend ethanol and other biofuels in the nation's fuel supply.
"Indeed, the data show that when RIN prices are highest, corn prices are often lowest," Cruz wrote. "Surely, we can agree that our nation's RFS policy should benefit corn farmers and hardworking refinery workers on Main Street, not fast-talking bankers on Wall Street."
Cruz is looking for leverage in talking to Reynolds.
He has a hold placed on one of Trump's nominees, Bill Northey of Iowa, to serve as the Agriculture Department's head of conservation. Cruz said he would allow a vote on Northey if the governor agreed to meet and negotiate a solution between the refiners and renewable fuel producers...
(Excerpt) Read more at washingtonexaminer.com ...
http://www.thegazette.com/subject/news/government/gov-kim-reynolds-packs-free-bill-t-shirt-for-texas-trip-20171114
“Gov. Kim Reynolds packs “Free Bill” T-shirt for Texas trip”
What a joke Ted, just say the truth. Another once solid conservative suddenly transmogrifying into a RINO at light speed. Ethanol is worthless, unneeded, and a drain on the budget, land, and your engine. If it cannot stand on its own without a subsidy, then it is worthless and deserves to be abolished. Take a stand and don’t be a RINO wimp Teddy boy.
My end-run around all this nonsense:
Diesel.
Corn squeezings do not belong in your gas tank.
Exactly! There is zero net environmental benefit to adding ethanol made from corn to the fuel in our car gas tanks. Zero.
It may line the pockets of people in corn growing states but that’s where all benefit ends.
Preening, self-righteous prick! (Ted Cruz)
Umm, Ted Cruz won the Iowa Primary, in an upset, while arguing against biofuel subsidies... in IOWA!!!
The article notes that he is now lobbying the Governor to join him in opposing the EPA's ever-increasing mandates for bio-fuel credits. It says, if you'd bother to read it, that it was Ted's stand against biofuel mandates that "caused Iowa Republican Sens. Joni Ernst and Chuck Grassley to hit back with a pressure campaign that ultimately got President Trump to ask the EPA not to touch the program."
There is not one Legislator in the US Congress that has done one-tenth what Ted Cruz has done for the cause of Limited Government. Cruz is opposing the EPA and the biofuel mandates here, and it is RINOs Ernst and Grassley who are protecting it. Next time, try reading more than the headline before jumping to your poor conclusions.
Opposing over-reaching EPA mandates and their credits scheme is “preening” to you?
Old GS Teddy is owned by the large fracking firms .
One of Heidi’s biggest clients .
We finally win Iowa and Cruz shows up and tries to help us loose it.
Ted...their are plenty of problems in TX.
Pull the log out of your eye before you try and flick the splinter out of someone else’s.
Yep - he wants GOPe/RINO support for his next run.....can't get that and still pretend to be a Conservative.
It's worse than that. A Cornell study showed that for each gallon of corn ethanol produced it took 131,000 BTU's of mostly fossil fuel energy. The BTU value of a gallon of ethanol is 77,000, so it's a substantial net energy loss. I've lost two, 2stroke carburettors, to that c*ap and avoid it wherever possible.
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