Ethanol Production Costs Soar : Progressives Demand More

With cost of food increasing every day it seems, why not have more of our corn crop go to making Ethanol? Ethanol takes about 40% of the our current crop now which puts enormous pressure on food prices around the world. Ever wonder why the cost of beef keeps going up?

I wish someone would explain how this diversion from food production to subsidized a fuel additive will benefit the environment, especially the production of Ethanol produce far more environmental problems then the production of fossil fuel? That it will cost the taxpayers nearly 60 billion in subsides every year as well as destroy millions of engines of those that can least afford repairs, begs the question, whose idea was this in the first place and why are those same people doubling down on this same failed project?

Wonder no longer, it's the same gang that brought the failed solar industry, the failed wind industry and the failed electric car industry. The progressive socialist Democrats. Who votes for failure? Who would want to vote for more failure? Who are these people?

Soaring Renewable Fuel Costs Spark New Fight over Ethanol Mandate
Source: "Soaring Renewable Fuel Costs Spark New Fight over Ethanol Mandate," Daily Caller, July 16, 2013
July 24, 2013

Renewable fuel credit prices rose to record highs recently, reigniting the debate over repealing the federal government's ethanol mandate, says the Daily Caller.

• For months now, refiners and the petroleum industry have been pushing for the full repeal of the Renewable Fuel Standard (RFS), which requires that 13.8 billion gallons of ethanol be blended into gasoline this year and 14.4 billion in 2014.
• However, refiners are hesitant to blend more than 10 percent ethanol into the fuel supply over safety concerns.
• Skyrocketing renewable fuel credit prices indicate that the industry is nearing the limits of what it can blend, or the "blend wall."

As renewable fuel credit prices increase, refiners are burdened with higher costs.

• Valero Energy Corporation CEO and Chairman William Klesse said in a Senate hearing that his company expects cost increases between $500 million and $750 million in 2013.
• Valero is also the third-largest corn ethanol producer in the United States.

But the ethanol industry contends that its product does not drive up the cost of fuels, instead making them cleaner and cheaper.

• Ethanol producers have been pushing for the expanded use of gasoline with a 15 percent ethanol blend, or E15.
• The Environmental Protection Agency approved the use of E15 in 2011, but only a handful of gas stations carry the fuel.
• There are concerns that E15 could be harmful to engines, as most cars were only designed to handle 10 percent ethanol blended fuels.

Source: "Soaring Renewable Fuel Costs Spark New Fight over Ethanol Mandate," Daily Caller, July 16, 2013.