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Politics : Rat's Nest - Chronicles of Collapse
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To: Wharf Rat who wrote (681)6/28/2005 3:18:34 PM
From: Wharf Rat  Read Replies (1) of 24235
 
Ethanol Industry Sets Record Production For April
Jun. 27, 2005

The Renewable Fuels Association (RFA) announced that the U.S. ethanol industry set a monthly production record for April of 238,000 barrels per day (b/d), according to data released by the U.S. Energy Information Administration (EIA). Production was up over 9 percent compared to the prior April record of 218,000 b/d in 2004.

The RFA released the following statistics:

April Statistics
(mg = million gallons)

Fuel Ethanol Production -- 299.7 mg -- 238,000 b/d

Fuel Ethanol Use -- 291.3 mg -- 231,000 b/d

Fuel Ethanol Stocks -- 286.6 mg -- 29 days of reserve

Fuel Ethanol Exports -- 0.47 mg^ -- n/a

Fuel Ethanol Imports -- 8.9 mg* -- n/a

*Source: U.S. International Trade Commission

^ Jim Jordan and Associates

"Despite unprecedented favorable blending economics, ethanol demand fell again in April," stated RFA president Bob Dinneen. "At a time when ethanol prices are falling and petroleum prices are setting record highs, it is unfathomable that ethanol demand would slack off. Clearly, the petroleum marketplace is not functioning to the benefit of consumers. This is more proof of the need for a robust renewable fuels standard as part of national energy legislation."

Source: Association Release
agprofessional.com
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