In a Letter to the Editor of the Chicago Tribune in response to "Food and the Drought", I point out that yes, this years drought is undoubtedly painful, but we will not know the impact on corn supply until harvest. In the meantime, we must avoid speculation and allow the marketplace work.
A recent article entitled "Clean Green Scam" highlighted the case of Rodney Hailey whose company sold approximately $9 million worth of fraudulent biodiesel credits to the oil industry. They were also fined by the EPA for not conducting proper due diligence to make sure the credits were legit. This cost Big Oil another $40 million. The article went on to say, "Refiners have been ripped off to the tune of $200 million so far by crooks and government fines..." due to the Renewable Fuels Standard. Wow, that is a big number - unless of course you put it into context.
Extreme hot and dry weather across much of the Midwest this summer has caused government and private analysts to significantly reduce their projections of the size of the 2012 corn crop. This white paper briefly examines the potential impacts on the RFS and outlook for the ethanol industry.
As E15 (85 volume percent gasoline, 15 volume percent ethanol) is poised to enter the marketplace, many consumers have questions about the use of E15 in their vehicles. The RFA has put together this FAQ document to best answer consumers questions.
The U.S. Environmental Protection Agency (EPA) approved the use of E15 (15% ethanol, 85% gasoline) for use in model year 2001 and newer vehicles. Now that E15 is being sold for use beyond flex-fuel vehicles, consumers have questions about using E15 their own vehicles. The RFA has compiled and Automobile Fact Sheet for E15 use.
U.S. exports of ethanol (denatured and undenatured, non-beverage) totaled 58.6 million gallons in May, down 21% from April and the lowest level since August 2011. May U.S. distillers grains exports totaled 761,470 metric tons (mt), reaching the highest level since November 2010.