Renewable Fuels Association President Bob Dinneen today is addressing the gathering of the Iowa Renewable Fuels Association in Des Moines, Iowa. Dinneen is joining Iowa Governor Terry Branstad, former House Speaker Newt Gingrich, former Senator Rick Santorum, and others to speak on importance of ethanol and biofuels to state and the nation.
According to reports, during a meeting with officials in Brazil, former presidential candidate, Senator John McCain (R-AZ), and his colleague Senator John Barrasso (R-WY)made bold claims about the legality of U.S. ethanol policy under World Trade Organization (WTO) obligations. Such claims are simply unjustified.
Total U.S. exports of denatured and undenatured (non-beverage) ethanol reached 38.9 million gallons in November, up 11% from October. The November totals were the third-highest in 2010. Between January and November 2010, U.S. ethanol exports totaled 324.9 million gallons, nearly a three-fold increase over 2009 total exports. Through November, the industry was on pace to export more than 350 million gallons in 2010.
The final USDA report on the size of the 2010 corn crop and subsequent supply is out. Not surprisingly, USDA has adjusted its final estimates to reflect increased ethanol demand, the importance of distillers grains and other feed coproducts, and the difficult growing season American farmers endured. Right on cue, prolific End of Days prognosticators like Lester Brown of the Earth Policy Institute are pointing the finger of blame at ethanol for lower than expected corn supplies. But, as is always the case, there are far more factors that must be considered.
In a recent post on The Hill's Congress Blog, I talk about the one year extension of the incentives for producing and using ethanol. With this extension, we need not worry about our short-term survival, and the American biofuels industry can take the long view and craft a comprehensive proposal that reflects fiscal realities as well as our nation’s energy needs. We hope our critics will respond in a similar spirit.
Yesterday, the Renewable Fuels Association submitted comments to the U.S. Environmental Protection Agency (EPA) regarding E15 misfueling and labeling. The current label proposed by the EPA for E15 “will do little, if anything, to promote the successful introduction of a new fuel to the marketplace” the Renewable Fuels Association wrote in comments submitted to EPA yesterday.