When the embargo hit and oil independence became the big goal, ethanol was introduced as the answer. Archer Daniels Midland fronting for the Corn Growers Association jumped in and began building ethanol plants. Iowa was the hotbed. Ethanol quickly became controversial. It attacked gas lines and carried any water in fuel storage tanks and cars Read the full article…
With absolutely no fanfare, dying with a bang not a whimper, the 45 cent per gallon tax credit for ethanol producers went away this week. This will add 4.5 cents a gallon to gasoline prices if ethanol producers pass it through on the 10% blend in gasoline. Reverse income redistribution. Money going from the few Read the full article…
This is a story of apples and oranges. The US imports finished products. For 2011 that is estimated to be 750 million barrels. The US exports finished products. For 2011 that is estimated to be 848 million barrels. In 2011 the exports exceeded the imports. A good share of that was to Mexico. Most of the Read the full article…
