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Farmers Hit Hard As Trump Backs Big Oil
Oilprice.com ^
| 04-04-2018
| hoi
Posted on 04/04/2018 2:48:40 PM PDT by bananaman22
The Trump administration seems to be leaning towards allying with the oil refining industry in its fight against Big Corn and federal rules requiring the use of corn ethanol.
Reuters reports that the U.S. EPA apparently granted an exemption to Andeavor, a large oil refiner, from having to comply with blending requirements as part of the Renewable Fuels Standard (RFS) last month. The RFS requires refiners to blend biofuels, such as corn ethanol, into their refined fuels. If they cant or find it too costly, they are required to purchase credits.
The law dates back to 2007 under the George W. Bush administration, and is intended to cut crude oil demand and improve U.S. energy security. It has brought a windfall to corn country, although the environmental benefits have always been suspect.
The oil refining industry hates the law, because it forces them to pay for biofuels or pay for credits in lieu of blending ethanol into their fuel.
(Excerpt) Read more at oilprice.com ...
TOPICS: Agriculture; Business/Economy; Government; Politics
KEYWORDS: 2018election; 2020election; airquality; biofuels; blogpimp; buildthefence; corn; daca; dreamact; dreamers; election2018; election2020; energy; ethanol; farming; hydrocarbons; maga; methanol; mtbe; oil; opec; oxygenation; petrochemicals; refiners; waterquality
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To: bananaman22
2
posted on
04/04/2018 2:50:06 PM PDT
by
SpaceBar
To: bananaman22
Will relatively cheap petroleum, why subsidize ethanol?
3
posted on
04/04/2018 2:51:12 PM PDT
by
jonno
(Having an opinion is not the same as having the answer...)
To: bananaman22
Hardly “Farmers”. More like “Big Ethanol”.
Oil Price has not struck me as a reliable source.
4
posted on
04/04/2018 2:51:34 PM PDT
by
marktwain
(President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
To: jonno
5
posted on
04/04/2018 2:53:49 PM PDT
by
jonno
(Having an opinion is not the same as having the answer...)
To: marktwain
Farmers will go belly up soon, corn, soybeans and pork.
6
posted on
04/04/2018 2:54:06 PM PDT
by
mplc51
To: bananaman22
If using ethanol is economic, it will be blended into gasoline without any coercion by the government.
if it isn't economic, the only way it will be blended is by government coercion.
7
posted on
04/04/2018 2:54:28 PM PDT
by
Yo-Yo
(Is the /sarc tag really necessary?)
To: bananaman22
Female farmers and underage farmers hit hardest.
8
posted on
04/04/2018 2:55:45 PM PDT
by
ClearCase_guy
(I'm still somewhat onboard but very disappointed. Not so much "Winning" lately.)
To: bananaman22
Maybe we’ll get some decent, corn-fed beef then, instead of that starving-*ssed, stringy, politically correct, western cr*p.
9
posted on
04/04/2018 2:56:46 PM PDT
by
familyop
(Yeah, the stick's real good for beating. But shouldn't we be using the carrot, too?)
To: bananaman22
Good, ethanol is a net negative energy process. Only someone in government would think it’s a good idea to spend 1.2 gallons of diesel to make 1.0 gallons of ethanol. Not to mention hundreds of gallons of water.
10
posted on
04/04/2018 2:57:01 PM PDT
by
rednesss
(fascism is the union,marriage,merger or fusion of corporate economic power with governmental power)
To: bananaman22
Ethanol is the worst use of corn. Cane and sorghum are much better choices. It cuts a third of the labor out. We should abandon ethanol and go to bio diesel made out of hemp. But big oil probably will not go for that.
11
posted on
04/04/2018 2:57:08 PM PDT
by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
To: bananaman22
The ethanol in gasoline was stupid idea and should go away.
12
posted on
04/04/2018 2:58:25 PM PDT
by
Lurkinanloomin
(Natural Born Citizen Means Born Here of Citizen Parents__Know Islam, No Peace-No Islam, Know Peace)
To: bananaman22
Oil = Food for Machines.
Corn = Food for people and livestock.
13
posted on
04/04/2018 2:58:31 PM PDT
by
LIConFem
(I will no longer accept the things I cannot change. it's time to change the things I cannot accept.)
To: SpaceBar
Small engine repair mechanics have made a fortune off ethanol mix. I run non ethanol super unleaded through my 2 cycle engine(s), only available in a few outlets.
To: bananaman22
If the idea is to grow plants for energy, it should be something that could be burned directly in a power plant.
The more it has to be processed to make a specific kind of fuel, or imitation thereof, the more energy will be wasted in the process.
15
posted on
04/04/2018 3:03:35 PM PDT
by
BitWielder1
(I'd rather have Unequal Wealth than Equal Poverty.)
To: chief lee runamok
I run non ethanol super unleaded through my 2 cycle engine(s), only available in a few outlets.
Same here,then I run Klotz octane booster as insurance.
16
posted on
04/04/2018 3:03:42 PM PDT
by
heshtesh
To: Lurkinanloomin
Begone cursed ethanol. Let my engines breathe free and fuel systems remain unclogged.....
To: bananaman22
Maybe they can some Corn Liquor ,Democrats said they drink more because of Trump ,LOL
To: chief lee runamok
Yup. I learned that lesson the hard way (Deere lawnmower was beyond repair). I now get my small engine gas from a local marina.
19
posted on
04/04/2018 3:06:30 PM PDT
by
tgusa
(gun control: hitting center of mass)
To: bananaman22
The Trump administration seems to be leaning towards allying with the oil refining industry in its fight against Big Corn and federal rules requiring the use of corn ethanolGOOD! I know it will impact farmers, but it will benefit many more, including motorists and their vehicles. What did the farmers do before this became law?
20
posted on
04/04/2018 3:15:29 PM PDT
by
Ace's Dad
(BTW, "Ace" is now Captain Ace. But only when I'm bragging about my airline pilot son!)
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