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Author Topic: U.S. Senate ready to decide on ethanol credits and tariffs Back to Topics
PD

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Message Posted: Dec 10, 2010 2:14:15 PM

Lawmakers are slowly beginning to focus on the soon-to-expire ethanol credits and import tariff- two major supports of the renewable/biofuels industry.

Currently, imported ethanol is subject to a 54-cent per gallon tariff, something Brazilian exporters hope will die. A 45-cent per gallon ethanol credit would also die if the measure isn't extended by the time the current credits expire on December 31.

If the ethanol credit doesn't pass, that would likely mean retailers selling ethanol would be forced to raise prices to reflect the actual cost of the product. Currently, ethanol is priced higher than conventional gasoline on wholesale markets, and results in lower fuel economy.

Biofuels credits cost the United States...

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
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rickfro
All-Star Author San Diego

Posts:701
Points:343,865
Joined:Nov 2008
Message Posted: Oct 31, 2012 10:29:11 PM

Get rid of ethanol. It costs too much to produce.
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Bearcat500
Champion Author Cincinnati

Posts:11,539
Points:1,997,250
Joined:Nov 2005
Message Posted: Oct 31, 2012 7:12:18 AM

OK
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PathfinderSC
Champion Author South Carolina

Posts:12,360
Points:2,475,585
Joined:Mar 2008
Message Posted: Feb 7, 2011 10:19:09 PM

get back to pure gas , We would get much better mpg. And maybe the cars will last longer.
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csh7586
Champion Author Wilmington

Posts:7,256
Points:1,493,005
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Message Posted: Feb 5, 2011 9:49:51 PM

Get government out of the energy business.
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pops8632
Champion Author Fort Worth

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Message Posted: Jan 14, 2011 11:38:35 AM

"We must go forward cautiously and consolidate each acquired position, because already the inferior social stratum of society is giving unceasing signs of agitation.

Let us make use of the courts....when, through the law's intervention, the common people shall have lost their homes, they will be more easy to control and more easy to govern, and they shall not be able to resist the strong hand of the Government acting in accordance with....the control of the leaders of finance.

[We] must keep the people busy with political antagonisms. We'll therefore speed up the question of reform [of tariffs within] the Democratic Party; and we'll put the spotlight on the question of protection...[for] the Republican Party.

By dividing the electorate this way, we'll be able to have them spend their energies at struggling amongst themselves on questions that, for us, have no importance whatsoever."

United States Bankers Magazine, 1892.

Quote is taken from the film "The Secret of Oz."
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pops8632
Champion Author Fort Worth

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Message Posted: Jan 14, 2011 11:35:45 AM

The democratic party and the republican party are two sides of the same coin....and the bankers own the coin.

As long as the electorate treats elections like a football game, where backing the winning team is all that counts, nothing will change. They are just too lazy to think for themselves and pick a team that said something once that they liked. Lazy.

If you won't do the necessary homework to educate yourselves about the issues, stop throwing pies at the "conservative trash" and "liberal scum" and throw both parties out. Vote for an independent, another party, your neighbor, hell your DOG! but stop wasting your votes on these two bought and paid for parties who don't give a tinker's dam what you think.
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pliskin
Champion Author Syracuse

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Message Posted: Jan 13, 2011 7:27:19 PM

Those of us here have to begin to realize a lot sooner than we have that many of our representatives don't care what we have to say. We tried voting quite a few out this past November but it seems the leftovers and some of the newbies have picked up "business as usual".
We have to figure out how to get the rest of the message or get term limits passed. We have to find a way to enforce that upon them or it just continues, as does the voter apathy and name recognition which doesn't do the country, or any of us, any good.
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POLELANE
Champion Author Ohio

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Message Posted: Dec 15, 2010 9:39:32 PM

at the risk of repeating myself; I'd say vote them all out and start over again
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POLELANE
Champion Author Ohio

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Message Posted: Dec 13, 2010 10:43:25 PM

vote them all out and start again.
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DrCashFlow
Champion Author Massachusetts

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Message Posted: Dec 12, 2010 1:02:18 PM

vote grassley out of congress
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RedRam2005
Champion Author San Antonio

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Message Posted: Dec 11, 2010 11:27:21 PM

NO SUBSIDIES FOR ETHANOL!
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ELHondaVan
Champion Author Lansing

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Message Posted: Dec 11, 2010 8:00:01 AM

Ironically, I read this just after reading the article linked on the front page that says the subsidies are being included in the tax bill. We are not only addicted to oil and corn, we are addicted to subsidies!
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marziya
Rookie Author Columbia

Posts:5
Points:139,640
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Message Posted: Dec 11, 2010 7:49:37 AM

I would love to see ethanol free on all gas station! Save corn and our tax money and give us good gas!
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Amplion
Champion Author Oregon

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Message Posted: Dec 11, 2010 5:43:46 AM

BAN ETHANOL

BAN ALL SUBSIDIES
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CiVX
Champion Author Oakland

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Message Posted: Dec 11, 2010 5:27:39 AM

Good but stop subsidizing oil to; both directly and indirectly.
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ricebike
Champion Author New Jersey

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Message Posted: Dec 11, 2010 5:06:14 AM

i'm driving a rental ford e250 that can take e85, but I don't see any station near me selling it... WTF
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G.Lee
Champion Author Colorado Springs

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Message Posted: Dec 11, 2010 4:58:16 AM

Let the free market set prices.
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hybridaholic
Champion Author Appleton

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Message Posted: Dec 11, 2010 4:51:29 AM

Ethanol should stand on it's own, no credits or subsidies.
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TIGERPAW46
Champion Author Florida

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Message Posted: Dec 11, 2010 4:46:54 AM

Stop Ethanol & subsidies for it's production
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Bruno44
Champion Author Texas

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Message Posted: Dec 11, 2010 4:45:54 AM

Agree with HawaiianGuy. Take away the subsidies from ethanol, and hold congress accountable for adding so many BS deals to bills presented.
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fratt
Champion Author Grand Rapids

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Message Posted: Dec 11, 2010 4:44:38 AM

Don't use food for fuel.
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gamalerin
Champion Author Tampa

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Message Posted: Dec 11, 2010 4:42:54 AM

cash at home.
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Hunter724
Champion Author New Hampshire

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Message Posted: Dec 11, 2010 4:36:46 AM

Get rid of ethanol made from corn, it would lower food prices..........
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cheapertvs
Champion Author Richmond

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Message Posted: Dec 11, 2010 4:33:51 AM

Let ethanol die a natural death. Indeed, ethanol is an economic net negative in the first place.
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HawaiianGuy
Champion Author Idaho

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Message Posted: Dec 11, 2010 4:22:10 AM

Let ethanol live or die on it's own merits. It's time to end the insane subsidies bestowed on it by our deaf "representatives" in Washington.
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MDTDriver
Champion Author California

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Message Posted: Dec 11, 2010 4:18:04 AM

Anythin we use will cost much higher than gas for fuel.
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ED6
Champion Author Riverside

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Message Posted: Dec 11, 2010 4:01:34 AM

It's a matter of keeping our money here or send it abroad. I rather keep our money here, it's lesser of two evils.
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Bezalel
Champion Author Oklahoma City

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Message Posted: Dec 11, 2010 4:01:27 AM

"So the government has we the tax payers paying a dollar a gallon more for ethanol than fair market value."

We pay more than fair market value for gas due to the oil companies getting subsidies. Eliminate theirs first. Use it toward solar/wind. Big Oil has had enough billions in record profits and subsidies over the years.
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georgeo
Champion Author California

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Message Posted: Dec 11, 2010 3:52:20 AM

Lets get farmers back to raising food for a living. If we need Ethanol we can get if from other sources.
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packards42
Champion Author Washington

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Message Posted: Dec 11, 2010 3:47:02 AM

Eliminate the tariff on ethanol. Aren't we into free trade. let see 45 cents in tax credits and 54 cent import duties. So the government has we the tax payers paying a dollar a gallon more for ethanol than fair market value. 54 cent at the pump and a hidden tax of another 45 cents.
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Bus936
Champion Author Lexington

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Message Posted: Dec 11, 2010 3:39:45 AM

Well who in reality wants the product anyway, put it back into the cornfields of America.
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mvosevich
Champion Author St. Louis

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Message Posted: Dec 11, 2010 3:35:16 AM

Keep the cash at home.
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mvosevich
Champion Author St. Louis

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Message Posted: Dec 11, 2010 3:34:06 AM

What farmers do you want to benefit, U.S. or foreign?
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FrankTA2
Champion Author New York

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Message Posted: Dec 11, 2010 3:29:09 AM

Let it expire.
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BobD2009
Champion Author Long Island

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Message Posted: Dec 11, 2010 3:26:52 AM

What a racket.
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1fulltank
Champion Author Buffalo

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Message Posted: Dec 11, 2010 3:22:03 AM

Will watch to see if our electeds still want their jobs.
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Matt G
Champion Author Boston

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Message Posted: Dec 11, 2010 3:11:22 AM

Brazil also has a lot of oil offshore and we have a lot of their citizens on our shore!
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headhog
Champion Author Indiana

Posts:2,234
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Message Posted: Dec 11, 2010 3:04:27 AM

Follow the money trail of contributions by interested parties to members of the Senate. that will tell you how the vote will go.
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OnTheWater
Champion Author Orange County

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Message Posted: Dec 11, 2010 2:53:08 AM

In the end the Senate is only going to do what benefits them they don't care about us civilians.
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UseLessGasFolks
Champion Author Iowa

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Message Posted: Dec 11, 2010 2:50:27 AM


End them. If they can't stand on their own feet then get out of the way.
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HYEgasCA
Champion Author Fresno

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Message Posted: Dec 11, 2010 2:50:01 AM

Ethanol Stinks!!
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firefly09
Champion Author San Diego

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Message Posted: Dec 11, 2010 2:41:48 AM

I agree with Twobroke61.
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LostToo
Champion Author Illinois

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Message Posted: Dec 11, 2010 2:37:21 AM

Why would we want to export it anyway? Let them make their own. Selling it will drive the price of it in the US.
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Buddy2264
Champion Author Tampa

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Message Posted: Dec 11, 2010 2:35:12 AM

They are going to extend them in this latest tax bill, unless we write in and "JUST SAY NO" to coin a phrase. It is time to stop all this and let others supply it or sugar cane and let us make it cheaper and save our food supplies. Contact your congress person and senator and ask them to say no to this part of the bill. Why add it on just to get a few votes to pass the entire bill. They will work it out in the long run and can repeal the tax increases if it goes into the next year. Other countries should be able to grow sugar cane and either process it or send it on to us with no extra cost.

[Edited by: Buddy2264 at 12/11/2010 2:37:10 AM EST]
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twobroke61
Champion Author Michigan

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Message Posted: Dec 11, 2010 2:32:51 AM

get rid of ethanol and we would not have too worry about tarrifs
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EcoVore
Champion Author Los Angeles

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Message Posted: Dec 11, 2010 2:31:37 AM

Rise in price of food stuffs due to corn used as ethanol most undoubtedly will also happen to electricity when mass usage of electric cars tax the grid disrupting supply & demand balance.
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jwalkerh
Champion Author Louisiana

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Message Posted: Dec 11, 2010 2:29:07 AM

We will have to waitand see what happens>
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gass12
Champion Author Omaha

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Message Posted: Dec 11, 2010 2:24:09 AM

I have seen corn go from $1.50 a bushel to $5.00 a bushel since we started useing ethanol.
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nurdco
Champion Author Colorado Springs

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Message Posted: Dec 11, 2010 2:19:20 AM

Its in the latest Lame Duck bill... This Week
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uksqueeze
Champion Author San Jose

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Message Posted: Dec 11, 2010 2:18:45 AM

I don't get it. 90% of the folks on this board understand that ethanol subsidies are a complete boondoggle, yet these politicians continue to get away with continuing them to satisfy the powerful farm lobby. Make it stop!!! We are supposed to own this govt. This is OUR tax money.
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