Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Trump ties decision on ethanol to keeping campaign promise
Washington Examiner ^ | 10/9/2018 | John Siciliano

Posted on 10/10/2018 4:07:38 AM PDT by Elderberry

President Trump chalked up his announcement on boosting ethanol for farmers in Iowa to his record of "promises made, promises kept," while speaking in Iowa Tuesday night.

"I made that promise to you during the campaign," Trump said. "I made that promise to you during the primaries. Promises made, promises kept."

"We're going with E15 year-round," Trump said early in his speech, admitting that the full announcement would come later in his remarks.

The plan would relax Environmental Protection Agency rules that restrict the sale of 15-percent ethanol fuel blends to eight months of the year. The EPA waiver for the E15 fuel would allow it to be sold year-round, which corn farmers and ethanol producers have been pushing the administration to do for months.

Later in the speech, Trump warned that ethanol production and E15 will be in jeopardy if Democrats take back Congress in November.

"The Dems will end ethanol, you know that," Trump said. "They're not going to approve ethanol. They will find a way to take it away. ... You better get out there and vote."

The second part of Trump's E15 plan seeks to reform the market that refiners use to buy ethanol credits in order to comply with EPA's Renewable Fuel Standard. The Renewable Identification Number credits, or RINs, have been a hot topic of debate among the oil industry.

The Trump plan is an attempt to settle a feud between the ethanol industry and refiners over the direction of the nation's renewable fuel program until Congress can agree on substantive reforms.

The refiners don't want to be subject to the high costs associated with the price of buying RINs. One company in Philadelphia said the high cost of RINs forced it to declare bankruptcy last year.

(Excerpt) Read more at washingtonexaminer.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events; US: Iowa
KEYWORDS: abortion; chuckgrassley; dnctalkingpoint; dnctalkingpoints; drillbabydrill; e15; energy; epa; ethanol; flexfuel; genderdysphoria; globalwarminghoax; homosexualagenda; hydrocarbons; iowa; libertarians; maga; mediawingofthednc; medicalmarijuana; opec; oxygenatingagent; partisanmediashills; petrochemicallobby; petrochemicals; presstitutes; smearmachine; waaaaaaaaaaaaaaaaaah
Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100101-110 last
To: Oldeconomybuyer

I’m not sure it’s bad policy.

When they first started 10% ethanol and I got a > 10% drop in fuel mileage it seemed nonsensical. But then I got a more recent car and I don’t see a large difference in mileage.

So if ethanol helps us stretch our oil supplies, then great.

If oil is a finite resource then the policy makes sense.
If it’s a renewable resource then it might still make sense depending on the speed which the earth renews it.


101 posted on 10/10/2018 12:49:07 PM PDT by DannyTN
[ Post Reply | Private Reply | To 2 | View Replies]

To: DannyTN

Nicolas Loris is an economist at the Heritage Foundation:

https://www.downsizinggovernment.org/ethanol-and-biofuel-policies


102 posted on 10/10/2018 1:07:33 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
[ Post Reply | Private Reply | To 101 | View Replies]

To: Oldeconomybuyer

Scanned it.

Didn’t look to me like she addressed the issue of oil being a finite resource.

She talks about the “renewable” standard, but then goes on to lists the costs of using a renewable resource. Without discussing whether or not this policy achieved the objective of stretching finite oil supplies.


103 posted on 10/10/2018 1:19:43 PM PDT by DannyTN
[ Post Reply | Private Reply | To 102 | View Replies]

To: Oldeconomybuyer

Scanned it.

Didn’t look to me like she addressed the issue of oil being a finite resource.

She talks about the “renewable” standard, but then goes on to lists the costs of using a renewable resource. Without discussing whether or not this policy achieved the objective of stretching finite oil supplies.


104 posted on 10/10/2018 1:19:43 PM PDT by DannyTN
[ Post Reply | Private Reply | To 102 | View Replies]

To: nikos1121

Most of the blending credits are passed in multi year blocks. I think the next round is due in 2019. There is also a lot of star credits which of course vaey, and some renewable energy cresits. Most are tax crwdirs, not direct subsidies.

A lot of the smaller plants can’t survive without the credits. Hence my comment about the messed up contractor. Some of the fees lot and larger plants would survive just fine. But also remember the oil industry in general and the house is Said in particular have been fighting ethanol for decades. Prior to shake oil, Said viewed ethanol as a strategic threat. If we went the way of Brazil, they would be hurting. With domestic oil production sky rocketing, the are now pumping out funding against that.

The biggest effect trump has had is to remove the Chinese market. Corn and other at commodity prices have been dropping fast. So allowing the sale of E15 will only offset the damage he did by a little bit


105 posted on 10/10/2018 3:11:03 PM PDT by redgolum
[ Post Reply | Private Reply | To 96 | View Replies]

To: dp0622

Because so many “conservatives” are only so skin deep. When it comes to their grubby hands being cleaned they will side with their little treats from the government coffer. Iowans have shown us that a few times. Pushes up global corn product prices and is a terrible alternative, but makes a handful of farmers rich.


106 posted on 10/10/2018 3:52:49 PM PDT by Sam Gamgee
[ Post Reply | Private Reply | To 3 | View Replies]

To: USCG SimTech
The first sign of a society gone mad is when they start to burn their food for any reason except to not freeze to death.

People don't eat cattle feed. The corn is processed into mash, then alcohol. Then the expended mash is fed to the cattle as an improved more nutritious feed than the original silage.

107 posted on 10/11/2018 5:13:54 AM PDT by ROCKLOBSTER (The Obama is about to hit the fan.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: Elderberry
Trump doesn't have to live paycheck to paycheck and scrounge up whats left over of our paychecks after all the lobbiests get their cut, for a $100 tank of fuel stuffed with worthless Corn Subsidy BullCrap, so hes got nothing to lose. Its a win-win.

We still have to vote for him, and might get a vacation and most weekends off to run some worthless corn crap through the tailpipe for god knows why

108 posted on 10/11/2018 10:03:33 PM PDT by KTM rider ( .......than to post and remove all doubt)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer
Ethanol is bad policy, bad economics, bad for engines, but great for the crony Ag lobby.

That may be true, but Ted Cruz opposed the stupid ethanol boondoggle and beat Trump in the Iowa primary anyway.
109 posted on 10/12/2018 2:47:51 AM PDT by publiusF27
[ Post Reply | Private Reply | To 2 | View Replies]

To: KTM rider
My fear is just like leaded fuel went away, E10 will go away and we'll be stuck with E15 at the pump.

I like your handle. My oldest son has 2, the SuperDuke and a KTM-500.

110 posted on 10/12/2018 4:37:51 AM PDT by Elderberry
[ Post Reply | Private Reply | To 108 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100101-110 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson