montanadave
08-11-12, 09:17
The current drought conditions throughout large swaths of ag country and predictions of a dismal corn crop have led members of the ag community (primarily livestock producers), food producers, and now a collection of politicians to request the Obama administration to direct the EPA to waive the corn ethanol fuel requirements mandated under the 2005 Renewable Fuel Standard Act.
Not surprisingly, corn growers looking at record crop prices are pushing back, urging the administration to not act in haste based on one poor growing season.
But with a disastrous corn harvest looming and predictions of higher food prices in an election year, the administration is likely going to make the political decision to waive the requirements and sell it as effort to reduce the little guy's grocery bill.
Regardless, I hope the EPA waives the ethanol requirement and it proves to be the crack in the dam that ultimately leads to the dismantling of the whole corn ethanol fuel debacle.
http://www.dispatch.com/content/stories/business/2012/08/11/epa-urged-to-waive-ethanol-quota.html
http://jalopnik.com/5933705/the-white-house-may-waive-the-epas-ethanol-requirement
Not surprisingly, corn growers looking at record crop prices are pushing back, urging the administration to not act in haste based on one poor growing season.
But with a disastrous corn harvest looming and predictions of higher food prices in an election year, the administration is likely going to make the political decision to waive the requirements and sell it as effort to reduce the little guy's grocery bill.
Regardless, I hope the EPA waives the ethanol requirement and it proves to be the crack in the dam that ultimately leads to the dismantling of the whole corn ethanol fuel debacle.
http://www.dispatch.com/content/stories/business/2012/08/11/epa-urged-to-waive-ethanol-quota.html
http://jalopnik.com/5933705/the-white-house-may-waive-the-epas-ethanol-requirement