Trump administration says plan would restore ethanol demand


Trump administration says plan would restore ethanol demand


The Trump administration announced Friday it plans to implement new rules that will increase demand for ethanol, reversing a decline caused by exemptions given to oil refineries.

The proposal follows months of complaints by Midwest farmers, politicians and the ethanol industry that the federal government’s granting of waivers to refiners had violated federal law and forced some ethanol plants to close.

Roughly 40 percent of U.S. corn is used to produce ethanol, so declining demand for the fuel additive can depress prices for the grain. The issue carries extra political weight because the ethanol industry is concentrated in Iowa, Nebraska and other Midwest states, where farmers have been among President Donald Trump’s most loyal supporters...

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Ken Notes: This is not my favorite topic. Ethanol was originally thought to reduce carbon in the atmosphere, the science now suggests otherwise, now it is a political football driven by farm lobbies, money and politicians.

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- - Volume: 7 - WEEK: 41 Date: 10/7/2019 11:37:25 AM -