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From my perspective Donald Trump vacillates between playing Jack Armstrong and being an anus. Ethanol is asshole’s turn.
President Trump said Thursday he’s preparing to announce a “giant package” to boost demand for ethanol, responding to rising concerns in rural America about the administration’s exemptions for refineries from blending biofuels.
“The Farmers are going to be so happy when they see what we are doing for Ethanol, not even including the E-15, year around, which is already done,” the president tweeted. “It will be a giant package, get ready! At the same time I was able to save the small refineries from certain closing. Great for all!”
Agriculture Secretary Sonny Perdue told farmers and producers in Illinois Wednesday that Mr. Trump will soon announce a plan to “mitigate” the loss of an estimated 4 billion gallons of ethanol from refinery exemptions granted by the Environmental Protection Agency.
Mr. Perdue said one proposal would strengthen infrastructure to allow greater use of E15, a higher ethanol blend of gasoline that had been barred during the summer. Mr. Trump lifted that restriction this year.
The Renewable Fuel Standard requires refiners to blend biofuels into their gasoline or buy credits to fund other refiners that can. The administration has issued 85 ethanol waivers for small refineries since Mr. Trump took office; the biofuels industry says the exemptions are causing 15 ethanol plants to close nationwide.
Farmers also are feeling the squeeze through lower demand for corn, at the same time they’ve lost access to the Chinese market due to Beijing’s tariff war with the U.S.
Lets go back a few years:
VIDEO ▼
https://video.foxnews.com/v/58466237...#sp=show-clips
Just a reminder. Ethanol is one promise President Trump should have broken. The price of food skyrocketed worldwide because of the ethanol subsidy which, in turn, came about because of environmental parasites.
The push for ethanol and other biofuels has spawned an industry that depends on billions of dollars of taxpayer subsidies, and not only in the United States. In 2005, global ethanol production was 9.66 billion gallons, of which Brazil produced 45.2 percent (from sugar cane) and the United States 44.5 percent (from corn). Global production of biodiesel (most of it in Europe), made from oilseeds, was almost one billion gallons.
The industry's growth has meant that a larger and larger share of corn production is being used to feed the huge mills that produce ethanol. According to some estimates, ethanol plants will burn up to half of U.S. domestic corn supplies within a few years. Ethanol demand will bring 2007 inventories of corn to their lowest levels since 1995 (a drought year), even though 2006 yielded the third-largest corn crop on record. Iowa may soon become a net corn importer.
The enormous volume of corn required by the ethanol industry is sending shock waves through the food system. (The United States accounts for some 40 percent of the world's total corn production and over half of all corn exports.) In March 2007, corn futures rose to over $4.38 a bushel, the highest level in ten years. Wheat and rice prices have also surged to decade highs, because even as those grains are increasingly being used as substitutes for corn, farmers are planting more acres with corn and fewer acres with other crops.
This might sound like nirvana to corn producers, but it is hardly that for consumers, especially in poor developing countries, who will be hit with a double shock if both food prices and oil prices stay high.
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Brazil, which currently produces approximately the same amount of ethanol as the United States, derives almost all of it from sugar cane. Like the United States, Brazil began its quest for alternative energy in the mid-1970s. The government has offered incentives, set technical standards, and invested in supporting technologies and market promotion. It has mandated that all diesel contain two percent biodiesel by 2008 and five percent biodiesel by 2013. It has also required that the auto industry produce engines that can use biofuels and has developed wide-ranging industrial and land-use strategies to promote them. Other countries are also jumping on the biofuel bandwagon. In Southeast Asia, vast areas of tropical forest are being cleared and burned to plant oil palms destined for conversion to biodiesel.
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The price of corn is pivotal in the world food equation, and food markets are on edge because U.S. corn stocks are plummeting. In fact, the U.S. Department of Agriculture recently forecast that corn inventories could dwindle to 5% of annual use before the 2011 harvest is brought in, the smallest fraction since the Great Depression.
Ethanol made the owners of corporate farms infinitely wealthier on tax dollar subsidies while driving up the price of corn around the world; thereby creating pockets of starvation in the poorest of Third World countries.
The environmental joke is that ethanol corrodes automobile engines. I have to believe that EPA standards (E-15) were deliberately imposed on refineries to destroy engines in order to insure new auto sales far into the future. If ever there was a government program that put through planned obsolescence ethanol is it. The ethanol subsidy is the last thing the EPA will surrender. (The only way to end all of the environmental scams is to shutdown the EPA which is a de facto United Nations bureaucracy.)
Finally, irrespective of what happens to ethanol —— solar and wind parasites far outnumber the ethanol freeloaders feeding at the public trough.
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Jack Armstrong & Anus
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