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Old 11-19-2013, 09:16 AM  
Buehler445 Buehler445 is offline
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EPA Proposes cut in Renewable Fuel Quota (RFS)

Didn't see a thread about this.


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Nov. 15 (Bloomberg) -- The Obama administration proposed today a reduced quota for the amount of renewable fuel that refiners must use next year, bowing to industry complaints that the targets contained in 2007 legislation were too high.

In a draft rule, the U.S. Environmental Protection Agency said it would wait until Spring to issue a specific quota, though said it would be in a range of 15 billion to 15.52 billion gallons for renewable fuels such as corn ethanol and biodiesel from soybeans, according to a document posted on the EPA’s website. That compares with 18.15 billion gallons set in the legislation.

The range is in line with an August draft that was leaked and prompted intense lobbying from industry officials.

Overall, the proposal, which is set to be finalized in the first quarter of 2014, would reduce demand for corn-based ethanol and lower compliance costs for refiners such as Valero Energy Corp. and Tesoro Corp.

"While the agency took a step in the right direction, more must be done," said Jack Gerard, the chief executive of the American Petroleum Institute, the Washington-based group that represents companies such as Exxon Mobil Corp. "They are getting close to making sure they don’t breach us through the blend wall."

Cellulosic Products
The agency also proposed a range for the mandate for biodiesel and cellulosic products, such as those made from corn stalks or woody waste, which would be somewhere from 2 billion gallons to 2.5 billion gallons. That’s below the 3.75 billion gallon target spelled out in the legislation, and compares to 2.21 billion gallons from the leaked draft.

This "could significantly chill investments in advanced biofuels projects," Brent Erickson, executive vice president of Biotechnology Industry Organization, said in a statement. "We will focus over the immediate comment period on convincing the administration to right the course on this policy."

EPA officials say they are listening to those concerns and have pledged to preserve a market for what are dubbed "next generation fuels." In presenting a range, the agency would allow outside groups to weigh in over the next two months prior to a final EPA decision.

Advanced biofuel, such as biodiesel and Brazilian ethanol, is part of a larger program for renewable fuels that is anchored by corn-based ethanol. Corn growers and the ethanol industry pushing for an increase in the 13 billion-gallon quota called for in the leaked August plan, which is below the 14.4 billion gallons in the law. The EPA has the ability to adjust the quotas in response to market pressures.

Chicken Farmers
Refiners, fast-food restaurants, motorboat makers and chicken farmers have all pushed the EPA to scale back the ethanol mandate, saying it risks ruining engines by forcing more ethanol to be blended into gasoline and is acting to push up demand for corn. Gasoline demand is falling, and so rising requirements for renewable fuels are ramping up the percentage of those fuels in the overall mix.

Refiners, which have waged a battle against the corn ethanol mandate, haven’t fought so hard against biodiesel, as it doesn’t present the same constraints as ethanol. Escalating the required amount of ethanol could force refiners to sell blends with more than 10 percent of the corn-based fuel, a phenomenon known as "hitting the blend wall," according to the American Petroleum Institute.

Fuel with more than 10 percent ethanol can cause engine materials to break down and damage emission-control systems, according to research from the oil-industry group. Supporters of ethanol say newer cars can run on fuels with 15 percent ethanol, and many flex-fuel vehicles can use 85 percent ethanol.

"Part of our challenge is, the oil industry has done a pretty good job of making it harder to access higher blends and making it harder to take advantage of all the flexible fuel vehicles that are on the road today," Agriculture Secretary Tom Vilsack said this week.
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Old 11-19-2013, 09:45 AM   #2
Buehler445 Buehler445 is offline
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I thought I read somewhere that the Ethanol Producers Association was protesting this saying that congressional approval was needed to make changes to the RFS, but I can't find anything about it. Maybe I made it up, but it sounds good anyway.
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Old 11-19-2013, 09:59 AM   #3
HonestChieffan HonestChieffan is offline
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Fun being in business under obama. Establish plans based on laws and he ups and changes them and blames business for not investing. Assclown
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Old 11-19-2013, 10:26 AM   #4
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Originally Posted by HonestChieffan View Post
Fun being in business under obama. Establish plans based on laws and he ups and changes them and blames business for not investing. Assclown
Dad made a comment yesterday that it is typical government, last year we have a huge drought and basically run out of corn. Corn price goes through the roof and Animal ag BEGS to reduce ethanol mandate, nothing. This year we have a huge crop, corn everywhere, price goes to hell, CUT ETHANOL.

I understand that it is the blend wall thing and that politicians couldn't find a half a **** to give about ag, but being in any industry that is reliant on corn is just beating your head against the wall.
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Old 11-21-2013, 09:20 AM   #5
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Nobody cares about knocking back the RFS by a couple Billion barrels?

I thought for sure someone would blame rising food prices on ethanol.
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Old 11-21-2013, 09:25 AM   #6
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EPA under Obama keeps putting pressure on the coal industry trying to shut them down all together is the plan.

Obama's not done with this country I don't care what his ratings show.

I call him "The Great Destroyer"
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Old 11-21-2013, 09:39 AM   #7
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Quote:
Originally Posted by Buehler445 View Post
Nobody cares about knocking back the RFS by a couple Billion barrels?

I thought for sure someone would blame rising food prices on ethanol.
Did you notice that corn prices dropped sharply immediately after the announcement?

Surely you're not suggesting that ethanol production has absolutely no effect on food prices?
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Old 11-21-2013, 09:45 AM   #8
HonestChieffan HonestChieffan is offline
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Quote:
Originally Posted by htismaqe View Post
Did you notice that corn prices dropped sharply immediately after the announcement?

Surely you're not suggesting that ethanol production has absolutely no effect on food prices?
How much did food prices drop ? Soda pop go down ? Corn flakes? Chicken, beef, pork?
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Old 11-21-2013, 09:47 AM   #9
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Quote:
Originally Posted by Buehler445 View Post
Nobody cares about knocking back the RFS by a couple Billion barrels?

I thought for sure someone would blame rising food prices on ethanol.
Corn is the worst crop used for energy because it is soil intensive as ****. It is poison to the american diet as well -- fat ****s on every corner of the country full of processed corn products in food.

Sorry to single you out here -- I know you make a living at this. I'd be much happier if you grew food/energy crops that are much more efficient energy source, far less soil intensive and healthy food.

Cutting the budget on farm subsidies is important, too. America needs to face reality and pay the steep price it really costs to eat. It's just like the US Mail -- we think 47c mails a letter because we do not equate the constant multi -billion dollar bailouts to the USPS.
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Old 11-21-2013, 09:54 AM   #10
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Quote:
Originally Posted by Ace Gunner View Post
Corn is the worst crop used for energy because it is soil intensive as ****. It is poison to the american diet as well -- fat ****s on every corner of the country full of processed corn products in food.

Sorry to single you out here -- I know you make a living at this. I'd be much happier if you grew food/energy crops that are much more efficient energy source, far less soil intensive and healthy food.

Cutting the budget on farm subsidies is important, too. America needs to face reality and pay the steep price it really costs to eat. It's just like the US Mail -- we think 47c mails a letter because we do not equate the constant multi -billion dollar bailouts to the USPS.
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Old 11-21-2013, 11:50 AM   #11
Buehler445 Buehler445 is offline
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Quote:
Originally Posted by htismaqe View Post
Did you notice that corn prices dropped sharply immediately after the announcement?

Surely you're not suggesting that ethanol production has absolutely no effect on food prices?
$.09. Nine cents. 9 one hundreths of one dollar. Cash price has fallen FOUR DOLLARS since last corn harvest. Corn has been shitting all over itself for a year and you want to say 9 cents is the savior of the food industry?

OK, This is going to blow up your mind, but it has a small effect on food prices at best. The corn market and the meat markets operate independently. The meat market doesn't give half a **** about corn prices or feedlot profitability. Corn can go to the moon and meat prices can go whatever direction they want. Meats are (primarily) dictated by supply and demand.

And as far as products produced from corn, almost all of the cost in producing said products is processing. So no, the price of corn has very little to do with food prices.

I sold $8 corn last September and it is $4 now. Not offseason market prices, not annual high/low, not options, not hedging, sold it and cashed the check. Have grocery store prices reflected that? Mine haven't.

Quote:
Originally Posted by Ace Gunner View Post
Corn is the worst crop used for energy because it is soil intensive as ****. It is poison to the american diet as well -- fat ****s on every corner of the country full of processed corn products in food.

Sorry to single you out here -- I know you make a living at this. I'd be much happier if you grew food/energy crops that are much more efficient energy source, far less soil intensive and healthy food.

Cutting the budget on farm subsidies is important, too. America needs to face reality and pay the steep price it really costs to eat. It's just like the US Mail -- we think 47c mails a letter because we do not equate the constant multi -billion dollar bailouts to the USPS.
Dude. WUT. In terms of starch per unit input, corn kicks the **** out of virtually everything else, particularly in the cornbelt, which let's be real here, the corn belt is all that really matters. What would you propose I grow?

And on the subsidy thing, cut all you want, but leave MCPI alone. MCPI is a very very small expenditure for the government and it is critical to allow the farm industry to take the necessary risks to grow big crops to make sure as much of the food production stays local as possible.
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