In honor of Mr.Lee here is for you farmer haters

[D.T. Hammer]

The Environmental Protection Agency on Friday unveiled a proposal that would lower the annual requirement for ethanol used in gasoline, sending corn prices lower.

The EPA said it plans to require that refiners blend 15.2 billion gallons of renewable fuel, mostly ethanol, into U.S. gasoline supplies next year.

The new requirement would be 16% less than what Congress wrote into a 2007 law. The agency has the ability to trim the mandate.

The ethanol program has undergone intense scrutiny this week in the wake of an investigative report from the Associated Press, which suggested the government’s support of ethanol is having an adverse effect on land set aside for conservation.

Groups representing farmers and ethanol producers struck back at the report, saying Congress was responsible for a decline in the number of acres allowed for conservation.

Farmers who grow corn largely back the use of ethanol, given a surge in demand for corn. But food producers said the mandate has lifted prices for animal feed, while oil companies have incurred the cost of adding ethanol to gasoline.

Meanwhile, the shale-led surge in domestic oil and natural gas production, as well as a decline in fuel demand, has lessened the need for combining ethanol with gasoline.

The EPA’s latest proposal will be open to 60 days of public comment. It would then be made final in the spring of 2014.

Volume requirements for other types of biofuels would also be cut. The EPA intends to mandate that between two billion and 2.5 billion gallons of advanced biofuels be mixed into the fuel supply. The 2007 law had a mandate of 3.75 billion gallons for advanced biofuels.

Based on the new proposal, 12.7 billion to 13.2 billion gallons of corn ethanol would be used in the nation’s fuel mix, the lowest level since 2011.

Corn prices closed at their lowest level in more than a week. Corn futures for December delivery fell 1.1% to $4.22 a bushel.

The EPA said the decision should address the “blend wall,” the point when mandated volumes exceed the maximum amount of ethanol that can be mixed with conventional blends of gasoline.

Oil companies had said they would hit the blend wall for the first time in 2014 if the EPA kept Congress’s original targets in place.

Jack Gerard, President and CEO of the American Petroleum Institute, applauded the move but said the EPA must do more to “to bring their mandates closer to reality on cellulosic biofuels, which do not exist in commercial quantities.”

[greatwhitehunter3!]

blah blah blah...

[Bullet21XD]

blah blah blah...

So kewl.

[greatwhitehunter3!]

That is what I was going for.

[Trigger]

What did it say exactly? It was to much to read. You made it sound like it was good for farmer haters so im assuming i think its a great idea.

[D.T. Hammer]

blah blah blah...

Thanks for your advice

[THe CRiPPLeR]

If you dont believe in corporate welfare you are now a farmer hater.

[h2ofwlr]

What did it say exactly? It was to much to read.

It's best that you stick to the Sunday Funnies with the pictures then.


In a nutshell - finally some reporters are doing their investigating reporting (as they should) and finding that ethanol is not whatit is all cracked up to be as the EPA and the POTUS have been saying these last 5 years. You know it's very similar to that you can keep your health insurance that was touted a few years back, but the POTUS has back pedelled on this past few months. Except the Chief Idiot in Charge has yet to admit that ethanol is a bad for the environment as it cuases more problems than it solves.

[StuStiltman]

^^^i was confused to what potus meant until I read chief idiot in charge. I get it now hahaha

[get-n-birdy]

Farmers where being roped into a false sense of crop prices and land values based off those crop prices. I have said before i don't hate the farmer. He is being led down a path by a government dangling the carrot of utopia. And many hook, line and sinker take it, like a lake full of stunted sunnies. How long do you keep re living history before you start learning from it?

I do not hate farmers. I feel for them. They have to rise up and cut the strings from the puppet master. They were duppped into believing corn fuel was the answer. Many people from the beginning have really questioned the validity of ethanol and the over the top expectations for the futures being sold. Snake oil salesmen.

Big ag has been trying to get in front of the environmentalists for a while now. Big ag sees the questioning on farming practices coming. Once farming starts getting questioned in inner city elementary schools, big ag is going to have a lot of spin doctoring to do. They already are spinning numbers to seem credible. The silt situation and down stream property rights are going to start gaining some steam in the next half century as the cause and affect starts really causing more and more issues with flooding and as silt levels continue to rise.