There is a lot of hot air blowing in Iowa and across the US Midwestern states—and I am not just talking about politics or wind energy production. The combination of an extended drought plus the ethanol mandate plus the weak economy plus the 2012 Presidential election cycle has combined into a ferocious debate over all Read more about Ethanol from Corn is a Dumb Idea![…]
On August 10, 2012 The US Department of Agriculture released a specialized crop forecast sure to send corn prices higher than their already record setting $8 per bushel. The USDA report said corn production would be “sharply lower” down 22.6 bushels per acre to 123.4 bushels per acre making the current harvest the lowest forecast Read more about Time to End the Renewable Fuel Standard[…]
The drama that produced the deal to raise the national debt ceiling without increasing taxes is sending warning shots across the bow for many industries. The message for energy subsidies including the tax credits and treasury tax grants for wind and solar as well as tax credits for oil and gas companies could not be Read more about Debt Deal Warnings for Energy Subsidies[…]
Sen. Dianne Feinstein (D-CA) signaled that Democrats are ready to throw the ethanol lobby under the bus because they no longer are politically correct and cost too much. Under current law, ethanol has been protected with a 54 cents-per-gallon tariff on ethanol imports mostly from Brazil and also receives a 45 cents-per-gallon direct subsidy when Read more about Holy Corn Syrup! Senators say Dump Ethanol Subsidies[…]