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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (174)	6/9/2001 10:52:04 PM
From: craig crawford	Read Replies (1) of 1643

Friday June 8 2:02 PM ET Senators Want More Renewable Fuels in Gasoline dailynews.yahoo.com The renewable fuel standard would be phased in over time, required to be in 2 percent of each gallon of gasoline by 2008 and in 5 percent by 2016. The bill would require all motor fuels sold in the United States to contain either biodiesel or ethanol from corn or biomass. Biodiesel is a diesel engine fuel made from vegetable oil, animal fat or algae. Biomass is made from crops, trees or even landfill gases. Ethanol is the most widely used biofuel and its production has increased sharply since 1980, rising from 200 million gallons a year to 1.9 billion gallons. As an inducement to develop the home-grown fuel, ethanol already has an excise tax exemption worth 5.3 cents a gallon at the pump. Ethanol is distilled from corn and used in a 9-to-1 blend with gasoline. Ethanol production could reach a record 2 billion gallons this year, according to the industry's trade group. The Renewable Fuels Association said two dozen ethanol plants went into production in the past two years and 40 more were scheduled for construction over the next two years.

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