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Governors' Biofuels Coalition
NEWS UPDATE August 19, 2014

Biofuels Will Not Solve 2014 Grain Glut

BY Dana Blankenhorn, The Street.com  •    •  Posted August 19, 2014

As we noted Wednesday, falling grain prices are hitting the farm belt hard and it’s difficult to find many winners in the carnage. The last time we had a glut like this one there was a major correction in stock prices — but correlation is not causation. Two things happened to end the last glut. First, there was an expansion in the use of biofuels,mostly ethanol made from corn, from 880,000 barrels per day in July, 2011 to 963,000 barrels per day by the end of the year [ read more … ]

U.S. Farmers Are Up to Their Ears in Corn

By Tony Dreibus & Jesse Newman, Wall Street Journal  •    •  Posted August 19, 2014

“We’re going to drown in corn this year.” The assessment, from Jeff Brown, 45 years old, a fifth-generation farmer outside Decatur, Ill., sums up the view of most people who grow, trade or process corn as they brace for another record U.S. harvest.Months of wet weather have fueled expectations for a corn crop so large that mounds of the grain will be a common sight across the Midwest after the harvest, which starts next month. The U.S. Agriculture Department projected last week that production will exceed 14 billion bushels, topping last year’s historic harvest. [ read more … ]

Corn use for ethanol likely to top 5 billion bushels this year

By Susanne Retka Schill, Ethanol Producer Magazine   •    •  Posted August 19, 2014

Corn use for ethanol production is likely to hit 5.1 billion bushels for the current marketing year, based on current estimates of 14.1 billion gallons of ethanol production. University of Illinois ag economist Darrel Good focused on ethanol prospects in his Aug. 11 analysis, the day before the USDA’s August supply/demand report.
[ read more … ]

How Biofuels and The Boeing Company Are Reshaping the Global Aviation Industry

By Maxx Chatsko, Motley Fool  •    •  Posted August 19, 2014

What comes to mind when you think of the airline industry? Perhaps you think about the positives, such as the 3.1 billion passengers that flew in 2013 or the 8.1 million jobs enabled globally. Perhaps you think of the negatives, such as the 705 billion metric tons of carbon dioxide emitted into the atmosphere in 2013 — representing 12% of all transportation emissions — or the roughly 63 billion gallons of jet fuel consumed. Truthfully, any number of things could come to mind, but if biofuels aren’t included, then you should adjust your mental laundry list of associations pretty soon.
[ read more … ]

Your Voice: Who wins if we lose America’s renewable fuel standard?

Denver Post  •    •  Posted August 19, 2014

The Fuels America coalition has launched a new campaign featuring one of its largest digital campaigns to date, pointing to actors like the Koch brothers and others who stand to personally gain if America loses the Renewable Fuel Standard. The campaign—which also highlights the negative consequences for Americans if the RFS is weakened—will run in Washington, DC and will focus on state delegations like Colorado. Colorado is a top-5 advanced biofuels producer. Fuels America also put out an accompanying blog post announcing the “Top 10 People That Benefit from a Weakened Renewable Fuel Standard,” including “Supertankers,” “Big Oil Execs,” and less obvious folks like “Asthma Inhaler Manufacturers,” “China and Brazil,” and “The Dowager Countess.” [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.