Kelly Davis recounts her trip to northeast Asia as part of a trade mission to discuss U.S. ethanol policy, import and export capabilities, trends in corn co-products, and other important issues.
Phillips 66 CEO Greg Garland said the RFS was “unworkable”. Bob Dinneen says that’s just silly talk. The RFS is a proven success having stimulated investment, created jobs, and significantly lowered our dependence on foreign oil.
One of the questions posed by the House Energy & Commerce Committee asked whether ethanol and the RFS have impacted corn prices. Our response? Yes, of course ethanol expansion has added value to corn prices—that was the point!
The U.S. remained a net exporter in March by a slim margin. March exports of ethanol totaled 58.8 million gallons, up 38% from February. Canada was again the leading destination.
In a new post on the Institute for Energy Research blog, Robert Murphy suggests that I mislead Politico readers in a recent op-ed about the RFS, RIN credits, and gas prices. IER claiming that I misrepresented the facts on the RFS is a bit like a skunk saying a rose smells bad.
U.S. ethanol exports in February dropped significantly from January levels, scaling back by a third as shipments of denatured and undenatured (non-beverage) ethanol totaled 42.5 million gallons.
Recent rhetoric from Big Oil about the economic impacts of RINs got us thinking: If oil refiners and gasoline marketers actually decided to invest in the modern fuel distribution infrastructure needed to dispense greater than E10 blends, what would it cost them in comparison to the wild “compliance cost" claims they make today?
Oil companies have suggested that increased prices for conventional ethanol RINs (Renewable Identification Numbers) are leading to higher gasoline prices at the pump. Some have even deceptively claimed RINs are adding as much as $0.10 per gallon to the retail price of gasoline. This assertion is completely absurd and is easily disproven with a series of very simple calculations. Truth be told, ethanol continues to sell at a discount to gasoline and continues to offer savings at the pump, even when the impact of higher RIN prices is considered.
Once again, despite the facts, the Wall Street Journal, sides with Big Oil and its monopoly against ethanol, Big Oil’s direct competitor. This time the issue is about the purchase of special credits called RIN’s and Big Oil’s latest scapegoat for higher gasoline prices.
U.S. ethanol exports increased 16 percent over December, as shipments of denatured and undenatured (non-beverage) ethanol totaled 63.6 million gallons (mg), according to government data released yesterday.
Oil companies have suggested the recent increase in RIN prices is due to the arrival of the E10 “Blend Wall” and the supposed inability of obligated parties to meet RFS obligations. The truth is, the E10 “Blend Wall” was erected by the oil companies themselves. Here are the facts.
If you've been paying more at the pump for gasoline, you aren't alone. And, if it weren't for U.S. ethanol, you'd be paying even more.
Posted in Gas Prices
The study's findings stand in stark contrast to U.S. Department of Agriculture (USDA) acreage data, which show increased corn and soybean acres in the region have occurred via crop switching, not cropland expansion.
Posted in Land Use
Food prices rose just 1.8% in 2012, the second-lowest annual rate in the last 20 years. The new data demonstrates the absurdity of the alarmist rhetoric coming from Big Food.