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re: With crude prices low, now is a great time to kill the ethanol mandate of 2007.
Posted on 4/4/20 at 12:58 pm to DMAN1968
Posted on 4/4/20 at 12:58 pm to DMAN1968
No the purpose was to give farmers a steady market for their corn crops. Should they go out of business due to low commodity prices, who is going to grow America's food. Grains(Corn) are a major staple in the production of animal feeds, cereals, sweeteners, and many other food related products.
My truck will run on E85, I wish it was mandated there be a E85 fuel pump available in every parish. It's usually cheaper than gasoline, and provides more horse power. Sure my MPG might be a little less, but it's a trade off I would gladly make.
My truck will run on E85, I wish it was mandated there be a E85 fuel pump available in every parish. It's usually cheaper than gasoline, and provides more horse power. Sure my MPG might be a little less, but it's a trade off I would gladly make.
1
Posted on 4/4/20 at 1:37 pm to boudinman
quote:
No the purpose was to give farmers a steady market for their corn crops. Should they go out of business due to low commodity prices, who is going to grow America's food. Grains(Corn) are a major staple in the production of animal feeds, cereals, sweeteners, and many other food related products.
So “animal feeds, cereals, sweeteners, and many other food related products” weren’t a “steady market” to begin with?
Call a spade a spade. The Renewable Fuel Standard was intended to reduce reliance on foreign oil, kickstart a national biofuels industry, and reduce greenhouse gas emissions. The shale industry eliminated our net crude oil imports, so the first point is now moot. The advances in biofuels never really materialized beyond ethanol, so the second point failed. And the reduced greenhouse gas emissions are questionable, at best.
The corn industry, however, has benefited tremendously and now nobody can walk it back for political reasons.
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