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

PD Moderator	Message Posted: Dec 10, 2010 2:14:15 PM Ignore PD Report Abuse 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

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

Ignore PD Report Abuse

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

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rickfro All-Star Author San Diego Posts:693 Points:332,080 Joined:Nov 2008	Message Posted: Oct 31, 2012 10:29:11 PM Ignore rickfro Report Abuse Get rid of ethanol. It costs too much to produce.
Bearcat500 Champion Author Cincinnati Posts:9,828 Points:1,655,645 Joined:Nov 2005	Message Posted: Oct 31, 2012 7:12:18 AM Ignore Bearcat500 Report Abuse OK
PathfinderSC Champion Author South Carolina Posts:9,652 Points:1,857,365 Joined:Mar 2008	Message Posted: Feb 7, 2011 10:19:09 PM Ignore PathfinderSC Report Abuse get back to pure gas , We would get much better mpg. And maybe the cars will last longer.
csh7586 Champion Author Wilmington Posts:4,893 Points:873,400 Joined:Dec 2010	Message Posted: Feb 5, 2011 9:49:51 PM Ignore csh7586 Report Abuse Get government out of the energy business.
pops8632 Champion Author Fort Worth Posts:4,927 Points:914,205 Joined:Sep 2010	Message Posted: Jan 14, 2011 11:38:35 AM Ignore pops8632 Report Abuse "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."
pops8632 Champion Author Fort Worth Posts:4,927 Points:914,205 Joined:Sep 2010	Message Posted: Jan 14, 2011 11:35:45 AM Ignore pops8632 Report Abuse 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.
pliskin Champion Author Syracuse Posts:6,197 Points:1,757,310 Joined:Apr 2005	Message Posted: Jan 13, 2011 7:27:19 PM Ignore pliskin Report Abuse 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.
POLELANE Champion Author Ohio Posts:7,148 Points:828,370 Joined:Mar 2008	Message Posted: Dec 15, 2010 9:39:32 PM Ignore POLELANE Report Abuse at the risk of repeating myself; I'd say vote them all out and start over again
POLELANE Champion Author Ohio Posts:7,148 Points:828,370 Joined:Mar 2008	Message Posted: Dec 13, 2010 10:43:25 PM Ignore POLELANE Report Abuse vote them all out and start again.
DrCashFlow Champion Author Massachusetts Posts:7,196 Points:1,652,875 Joined:Jun 2008	Message Posted: Dec 12, 2010 1:02:18 PM Ignore DrCashFlow Report Abuse vote grassley out of congress
RedRam2005 Champion Author San Antonio Posts:7,878 Points:1,523,715 Joined:Dec 2007	Message Posted: Dec 11, 2010 11:27:21 PM Ignore RedRam2005 Report Abuse NO SUBSIDIES FOR ETHANOL!
ELHondaVan Champion Author Lansing Posts:14,214 Points:2,685,610 Joined:May 2005	Message Posted: Dec 11, 2010 8:00:01 AM Ignore ELHondaVan Report Abuse 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!
marziya Rookie Author Columbia Posts:5 Points:133,540 Joined:Jan 2009	Message Posted: Dec 11, 2010 7:49:37 AM Ignore marziya Report Abuse I would love to see ethanol free on all gas station! Save corn and our tax money and give us good gas!
Amplion Champion Author Oregon Posts:6,916 Points:1,891,785 Joined:Sep 2005	Message Posted: Dec 11, 2010 5:43:46 AM Ignore Amplion Report Abuse BAN ETHANOL BAN ALL SUBSIDIES
CiVX Champion Author Oakland Posts:7,141 Points:1,382,410 Joined:Feb 2009	Message Posted: Dec 11, 2010 5:27:39 AM Ignore CiVX Report Abuse Good but stop subsidizing oil to; both directly and indirectly.
ricebike Champion Author New Jersey Posts:10,100 Points:1,869,875 Joined:Oct 2005	Message Posted: Dec 11, 2010 5:06:14 AM Ignore ricebike Report Abuse i'm driving a rental ford e250 that can take e85, but I don't see any station near me selling it... WTF
G.Lee Champion Author Colorado Springs Posts:22,900 Points:3,439,950 Joined:Sep 2003	Message Posted: Dec 11, 2010 4:58:16 AM Ignore G.Lee Report Abuse Let the free market set prices.
hybridaholic Champion Author Appleton Posts:8,495 Points:1,582,315 Joined:Dec 2008	Message Posted: Dec 11, 2010 4:51:29 AM Ignore hybridaholic Report Abuse Ethanol should stand on it's own, no credits or subsidies.
TIGERPAW46 Champion Author Florida Posts:7,236 Points:1,378,645 Joined:Mar 2004	Message Posted: Dec 11, 2010 4:46:54 AM Ignore TIGERPAW46 Report Abuse Stop Ethanol & subsidies for it's production
Bruno44 Champion Author Texas Posts:7,212 Points:1,794,920 Joined:Sep 2007	Message Posted: Dec 11, 2010 4:45:54 AM Ignore Bruno44 Report Abuse Agree with HawaiianGuy. Take away the subsidies from ethanol, and hold congress accountable for adding so many BS deals to bills presented.
fratt Champion Author Grand Rapids Posts:9,955 Points:2,670,680 Joined:Jul 2005	Message Posted: Dec 11, 2010 4:44:38 AM Ignore fratt Report Abuse Don't use food for fuel.
gamalerin Champion Author Tampa Posts:4,872 Points:1,018,060 Joined:Jul 2010	Message Posted: Dec 11, 2010 4:42:54 AM Ignore gamalerin Report Abuse cash at home.
Hunter724 Champion Author New Hampshire Posts:8,247 Points:1,671,600 Joined:Sep 2008	Message Posted: Dec 11, 2010 4:36:46 AM Ignore Hunter724 Report Abuse Get rid of ethanol made from corn, it would lower food prices..........
cheapertvs Champion Author Richmond Posts:10,420 Points:2,767,470 Joined:Jan 2004	Message Posted: Dec 11, 2010 4:33:51 AM Ignore cheapertvs Report Abuse Let ethanol die a natural death. Indeed, ethanol is an economic net negative in the first place.
HawaiianGuy Champion Author Idaho Posts:9,655 Points:3,104,640 Joined:May 2003	Message Posted: Dec 11, 2010 4:22:10 AM Ignore HawaiianGuy Report Abuse 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.
MDTDriver Champion Author California Posts:9,843 Points:2,179,925 Joined:Jul 2006	Message Posted: Dec 11, 2010 4:18:04 AM Ignore MDTDriver Report Abuse Anythin we use will cost much higher than gas for fuel.
ED6 Champion Author Riverside Posts:9,584 Points:1,870,990 Joined:Jul 2007	Message Posted: Dec 11, 2010 4:01:34 AM Ignore ED6 Report Abuse 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.
Bezalel Champion Author Oklahoma City Posts:12,228 Points:2,316,485 Joined:Oct 2006	Message Posted: Dec 11, 2010 4:01:27 AM Ignore Bezalel Report Abuse "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.
georgeo Champion Author California Posts:4,172 Points:179,115 Joined:May 2009	Message Posted: Dec 11, 2010 3:52:20 AM Ignore georgeo Report Abuse Lets get farmers back to raising food for a living. If we need Ethanol we can get if from other sources.
packards42 Champion Author Washington Posts:6,535 Points:1,147,920 Joined:Feb 2005	Message Posted: Dec 11, 2010 3:47:02 AM Ignore packards42 Report Abuse 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.
Bus936 Champion Author Lexington Posts:16,574 Points:3,245,755 Joined:May 2004	Message Posted: Dec 11, 2010 3:39:45 AM Ignore Bus936 Report Abuse Well who in reality wants the product anyway, put it back into the cornfields of America.
mvosevich Champion Author St. Louis Posts:5,489 Points:1,115,410 Joined:Aug 2004	Message Posted: Dec 11, 2010 3:35:16 AM Ignore mvosevich Report Abuse Keep the cash at home.
mvosevich Champion Author St. Louis Posts:5,489 Points:1,115,410 Joined:Aug 2004	Message Posted: Dec 11, 2010 3:34:06 AM Ignore mvosevich Report Abuse What farmers do you want to benefit, U.S. or foreign?
FrankTA2 Champion Author New York Posts:4,404 Points:1,120,755 Joined:Jun 2007	Message Posted: Dec 11, 2010 3:29:09 AM Ignore FrankTA2 Report Abuse Let it expire.
BobD2009 Champion Author Long Island Posts:7,124 Points:1,266,510 Joined:Apr 2009	Message Posted: Dec 11, 2010 3:26:52 AM Ignore BobD2009 Report Abuse What a racket.
1fulltank Champion Author Buffalo Posts:8,031 Points:1,570,020 Joined:Nov 2008	Message Posted: Dec 11, 2010 3:22:03 AM Ignore 1fulltank Report Abuse Will watch to see if our electeds still want their jobs.
Matt G Champion Author Boston Posts:4,668 Points:2,799,765 Joined:Jun 2004	Message Posted: Dec 11, 2010 3:11:22 AM Ignore Matt G Report Abuse Brazil also has a lot of oil offshore and we have a lot of their citizens on our shore!
headhog Champion Author Indiana Posts:1,681 Points:854,565 Joined:Nov 2008	Message Posted: Dec 11, 2010 3:04:27 AM Ignore headhog Report Abuse Follow the money trail of contributions by interested parties to members of the Senate. that will tell you how the vote will go.
OnTheWater Champion Author Orange County Posts:2,123 Points:623,130 Joined:Nov 2009	Message Posted: Dec 11, 2010 2:53:08 AM Ignore OnTheWater Report Abuse In the end the Senate is only going to do what benefits them they don't care about us civilians.
UseLessGasFolks Champion Author Iowa Posts:5,581 Points:1,322,575 Joined:Jul 2007	Message Posted: Dec 11, 2010 2:50:27 AM Ignore UseLessGasFolks Report Abuse End them. If they can't stand on their own feet then get out of the way.
HYEgasCA Champion Author Fresno Posts:2,126 Points:933,100 Joined:Dec 2008	Message Posted: Dec 11, 2010 2:50:01 AM Ignore HYEgasCA Report Abuse Ethanol Stinks!!
firefly09 Champion Author San Diego Posts:2,608 Points:739,130 Joined:Mar 2009	Message Posted: Dec 11, 2010 2:41:48 AM Ignore firefly09 Report Abuse I agree with Twobroke61.
LostToo Champion Author Illinois Posts:4,392 Points:975,315 Joined:May 2009	Message Posted: Dec 11, 2010 2:37:21 AM Ignore LostToo Report Abuse Why would we want to export it anyway? Let them make their own. Selling it will drive the price of it in the US.
Buddy2264 Champion Author Tampa Posts:11,787 Points:2,386,470 Joined:Oct 2005	Message Posted: Dec 11, 2010 2:35:12 AM Ignore Buddy2264 Report Abuse 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]
twobroke61 Champion Author Michigan Posts:8,510 Points:1,615,010 Joined:Sep 2008	Message Posted: Dec 11, 2010 2:32:51 AM Ignore twobroke61 Report Abuse get rid of ethanol and we would not have too worry about tarrifs
EcoVore Champion Author Los Angeles Posts:3,538 Points:728,775 Joined:Jun 2008	Message Posted: Dec 11, 2010 2:31:37 AM Ignore EcoVore Report Abuse 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.
jwalkerh Champion Author Louisiana Posts:6,192 Points:1,377,205 Joined:Oct 2008	Message Posted: Dec 11, 2010 2:29:07 AM Ignore jwalkerh Report Abuse We will have to waitand see what happens>
gass12 Champion Author Omaha Posts:8,523 Points:2,330,420 Joined:Oct 2005	Message Posted: Dec 11, 2010 2:24:09 AM Ignore gass12 Report Abuse I have seen corn go from $1.50 a bushel to $5.00 a bushel since we started useing ethanol.
nurdco Champion Author Colorado Springs Posts:9,377 Points:1,721,135 Joined:Apr 2008	Message Posted: Dec 11, 2010 2:19:20 AM Ignore nurdco Report Abuse Its in the latest Lame Duck bill... This Week
uksqueeze Champion Author San Jose Posts:1,821 Points:1,056,235 Joined:May 2004	Message Posted: Dec 11, 2010 2:18:45 AM Ignore uksqueeze Report Abuse 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.