News

Ethanol industry sees a victory in caucus results

Source: PHILIP BRASHER • Des Moines Register • Posted: Thursday, January 5th, 2012

Corn growers and ethanol producers have long counted on the Iowa caucuses to guarantee the industry had political clout in Washington. There was little in the results Tuesday that should be disappointing.

Oil Price Would Skyrocket if Iran Closed the Strait of Hormuz

Source: CLIFFORD KRAUSS • New York Times • Posted: Thursday, January 5th, 2012

If Iran were to follow through with its threat to blockade the Strait of Hormuz, a vital transit route for almost one-fifth of the oil traded globally, the impact would be immediate: Energy analysts say the price of oil would start to soar and could rise 50 percent or more within days.

Celelulosic Ethanol Industry Will Expand with Strong Policy

Farm Futures • Posted: Wednesday, January 4th, 2012

Ethanol interests are lobbying Washington to extend a $1.01 per gallon tax credit for cellulosic ethanol as the industry struggles to get off the ground. EPA has called for 8.65 million gallons of cellulosic to be produced in 2012, up from 6.6-million this past year, but far below the 500 million envisioned by Congress two years ago.

Congress Ends Era Of Ethanol Subsidies

NPR's Morning Edition • Posted: Wednesday, January 4th, 2012

Over the weekend, the multi-billion dollar subsidy for ethanol expired. It had been in place for more than 30 years but Congress let it expire. Bruce Babcock, the Cargill endowed chair of energy economics at Iowa State University, talks to Linda Wertheimer about the effects of the subsidy expiring on the ethanol industry and consumers.

California Low-Carbon Rules Halted

Source: RYAN TRACY And JIM CARLTON • Wall Street Jounal • Posted: Tuesday, January 3rd, 2012

The decision puts on hold a major portion of California’s effort to cut greenhouse-gas emissions, at a time when the most-populous state’s stance has taken on extra importance nationwide because of a stalemate in Washington over greenhouse-gas legislation.

Brazil, short of biofuel, can’t open spigot to US

Source: Inae Riveras • Reuters • Posted: Tuesday, January 3rd, 2012

For three decades, the U.S. government sought to protect American corn farmers and ethanol makers from a feared flood of Brazilian imports by imposing a tariff that had the South American country crying foul.
But as the contentious tax finally expires at year-end, American farmers’ fears of being swamped by sugar-based tropical biofuel seem unfounded. With Brazil’s ethanol industry struggling to meet booming local demand, it’s U.S. producers instead who are shipping millions of gallons to the south.

Energy not there in Iowa

Source: Alex Guillen • POLITICO • Posted: Monday, January 2nd, 2012

Energy issues — historically ethanol but increasingly wind — used to be a centerpiece of the first-in-the-nation caucuses, providing a national platform for a state that prides itself on excelling in renewable energy.
But the vast cornfields and wind-swept plains of the Hawkeye State, while important to the local economy, have taken a back seat this year.

Oil Prices Predicted to Stay Above $100 a Barrel Through Next Year

Source: DIANE CARDWELL and RICK GLADSTONE • New York Times • Posted: Monday, January 2nd, 2012

With Iran threatening to cut off about a fifth of the world’s oil supply by closing the Strait of Hormuz and unrest in Iraq endangering the ability to increase production there, financial analysts say prices for two important oil benchmarks will average from $100 a barrel to $120 a barrel in 2012.

EPA raises ethanol goal

Source: Cody Winchester • Argus Leader • Posted: Monday, January 2nd, 2012

The federal government has set its target for biofuels production in 2012, increasing by 1.25 billion gallons the amount of ethanol and biofuels that must be blended into the fuel supply.
Fuel providers will be required to blend 15.2 billion gallons of renewable fuel into the fuel supply in 2012. This includes 8.65 million gallons of cellulosic biofuels, up from 6.6 million gallons in 2011.

EPA: Ethanol production expected to grow in 2012

Source: DAN PILLER • Des Moines Register • Posted: Monday, January 2nd, 2012

The U.S. Environmental Protection Agency on Tuesday said ethanol production in 2012 should reach 15.2 billion gallons, an increase of about 1.25 billion gallons from this year.