“The court recognized the absurdity of fining companies for failing to use a nonexistent biofuel,” Bob Greco, a director of the American Petroleum Institute, said in a statement. By seeking to nearly double that quota, “EPA needs a serious reality check.”
U.S. refiners have also complained about the use of Brazilian ethanol made from sugarcane to meet the advanced biofuel target. Imports of the fuel from Brazil have skyrocketed as domestic producers, which use corn, wrestle with higher costs caused by drought in the Midwest. Unlike corn ethanol, EPA classifies the sugarcane variety as advanced because of its reduction in greenhouse-gas emissions compared with gasoline.
“A lot of domestic producers are starting to cry about that and scream,” said Will Babler, a broker at Atten Babler Risk Management LLC in Galena, Illinois. “This just confirms it.”
American natural gas. Can displace all this insane Progressive ethanol corruption and put Americans to work in high paying jobs while saving consumers money - Increasing our living standards and improving our national security. America only has 10,000 years worth of natural gas.
Bury the lead. EPA attempts to circumvent our third branch of government with power it has no Constitutional Authority to wield. Tea Party is simply informed and doing their duty.
It is called hydrates. Frozen natural gas. The pre-commercialization test to displace natural gas from the matrix with co2 went perfect. 5,000 years on shore.
But no one expects you to stay current unless it is posts from Gasland, Oil Drum, Blookberg or some other Progressive propaganda outlet.
Perhaps you would like to explain why this out of control and completely dishonest EPA would boost the ethanol mandate?
The technology to produce cell ethanol failed and this EPA is fining refiners for their delusion.
Ah but we can import sugar ethanol Brazil and that is advanced by proclamation. Still far more expensive and dirtier than American natural gas but can be produced much cheaper than out own Progressive corn ethanol production.
Now is their something you wish to point about about our Corn Monsters investment analysis which is rational, mature and informed? A little balance sheet analysis or components of revenue and why they will grow? How about margin expansion.
Board members...everybody can buy ethanol free gasoline 'right now' if they are willing to pay 40 to 60 cents a gallon more for it...fact is, people want to buy ethanol free gas for the 'same price' as gasoline than has 10% or more ethanol in in (and that is not going to happen)...
I buy ethanol free gas for all of my small engines and regular gas (with ethanol added) for my vehicles...the more ethanol that gasoline has in it , 'the less it cost' (this is a fact)...consumers that are against ethanol should just 'pay more' and use ethanol free gas, it is their choice (ethanol is holding down the price of fuel)...! $tagg...!
Nonsense and all Staggering the Corn Monster is proving he is shames less and therefore of no worth in civilized society.
Corn ethanol sells for $2.46 a gallon. But it has only 60% of the energy of real gasoline but we can go with the already cut or reformulated of 66% of the energy.
This is why alternative fuels are not measure by the gallon but gasoline gallon equivalent or gge. So as our local bumble beast corn monster knows the gge cost of his special interest crony capitalist white lightening is actually
Already cut gasoline is $2.84. So he is attempting to confidence game Americans into paying 30% more for his product which does ware you car engines faster and destroys small engines without computer management.
But even this dramatically understates the corruption which goes into ethanol. It is so corrosive it must be moved by very special rail car tanks. As we all know on this board, rail costs about 10 times more than pipe. Natural gas alternative can be delivered by existing pipe lines to the refinery.
In short what the Corn Monster bumble beast does is insult the intelligence of every fellow American on this board with purposeful and shameless dissembling.
Of course the OLB members do not what their behavior associated with proper nouns. They demand it be classified as name calling. No we call a criminal a criminal. A rapist a rapist. A Progressive crony capitalist a Progressive crony capitalist. If one day they wake up and feel a tingle of shame at what they chose to become then good.
The CBOT corn crush measures the difference between the sales value of finished fuel ethanol and the price of corn. Because ethanol is traded in dollars per gallon and corn in cents per bushel, a conversion of prices into equal units is necessary.
On top of every thing else including more pollution the crush spread is negative. Meaning the capital invest is economically destroyed. Nor can our corn ethanol ever match the efficiency of sugar conversion.
One bushel of corn yields approximately 2.8 gallons of ethanol and two major bi-products, distillers dried grains (DDGs) and carbon dioxide.
Therefore, the price of ethanol must be multiplied by 2.8 in order to convert it into a price per bushel to corn.
The price of corn is then subtracted from the converted price of ethanol (in dollars per bushel) to obtain the corn crush.