$2 or higher gas - Can ethanol make a comeback? Message Board

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Non-Tech : $2 or higher gas - Can ethanol make a comeback?

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From: richardred	10/8/2011 11:44:13 AM
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Ethanol Politics Legislation Introduced in the House Targeting Reductions in the Ethanol Mandate; Negative for the Ethanol Industry 6 October 2011 ¦ 10 pages https://ir.citi.com/ACg33MmUQ%2Bjhe28m0FcgCpX2rFF3ppZup2TXeRiTrOY%3D What's New —Representatives Bob Goodlatte (R-VA) and Jim Costa (D-CA) introduced legislation in the House that would reduce the minimum levels of corn based ethanol consumption mandated by the Renewable Fuels Standard (RFS), during periods when corn supplies are deemed tight, by utilizing stocks to use ratio data from the USDA. Currently, the RFS calls for the consumption of 12.6 billion gallons of corn based ethanol consumption in 2011, although the industry is operating well above the current mandate due to the favorable economics associated with blending ethanol. In 2012, the mandate would expand to 13.2 billion gallons, before reaching a maximum of 15 billion gallons in 2015. Nevertheless, we see the new legislation emerging in the House as a continued assault on the ethanol industry and a clear negative, as legislators appear to be attacking the industry from all angles.

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