...not going to do much for global warming, but it will do quite a lot to benefit the renewable fuel industry and it will also indirectly benefit corn price
Delusional Mandates
It is hard to believe that just a few short years ago, Congress mandated a massive increase in usage of cellulosic ethanol. This was remarkable, because no commercial cellulosic ethanol facilities even...
It has been interesting to watch the flurry of ethanol rhetoric since the recent elections. With the $0.45 per gallon subsidy (called the VEETC) and the ethanol tariffs both set to expire at the end of next month, both sides...
In Understanding the Ethanol Tariff Issue I discussed the argument that the ethanol tariff is needed in order to prevent U.S. tax dollars from subsidizing imported ethanol. Here I discuss two other issues:
You probably saw the recent announcement that Brazil has lifted its tariff on imported ethanol until 2012. It's hoping to put pressure on the U.S. to remove or reduce its own import tariffs on the alternative fuel.
Even if you are a staunch proponent of U.S. biofuel policy, it is hard to argue that the current subsidy on grain ethanol serves the purpose it was designed to serve. Further, it does not help ethanol producers compete against...
Robert Rapier has been asked to contribute articles to Forbes blog, and this article is the first of his posts there.
The Plenary
I covered Energy Secretary Steven Chu's comments in the previous post. Here, I will cover the rest of Day 1. This is not so much a comprehensive summary as it is a collection of observations and things I otherwise...
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