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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (322512)	1/23/2007 6:25:20 PM
From: Road Walker	Read Replies (1) \| Respond to of 1574042

re: From what I understand, ethanol production makes a blend more expensive and is only in gas where states mandate it. Does anyone else on the thread know? Bush is (purportedly) about to propose a 10 year growth to ~30%. Tim will be in pain... not free market.

To: tejek who wrote (322512)	1/23/2007 6:32:22 PM
From: TimF	Read Replies (2) \| Respond to of 1574042

It doesn't look like use is going to go down. "On June 15th, the Senate approved an amendment to boost the amount of renewable fuels a total of 8 billion gallons in 2012. The amendment was modeled on an amendment sponsored by Senators Jim Talent (R-MO) and Tim Johnson during the Senate Energy and Natural Resources consideration of comprehensive energy legislation. Johnson's amendment to increase the renewable fuel standard (RFS) to 8 billion gallons by 2012 remained in the final version. The House-passed Energy Bill includes a 5 billion gallon RFS, which will now have to be negotiated with the Senate's 8 billion gallon provision. " johnson.senate.gov "As recently as a year ago, corn seemed wildly overproduced. Suddenly, it's a hot commodity. In 1998, about 5 percent of the corn harvest (526 million bushels) went into ethanol production, according to the National Corn Growers Association. This year, the U.S. Department of Agriculture expects ethanol producers to use upward of 2 billion bushels, or nearly 20 percent of the crop. And ethanol's voracious appetite for corn isn't expected to abate anytime soon. According to the pro-ethanol Renewable Fuels Association, 109 ethanol refineries currently churn out 5.3 billion gallons of ethanol a year -- and an additional 56 plants (plus expansions at seven existing ones) have broken ground. When these new plants are on line, the industry's capacity will nearly double, to 9.7 billion gallons a year." grist.org