August 24, 2012 12:18 pm
Recently I read this story and bookmarked it. I have been trying to figure out if anyone in Washington is paying attention to the rising price of corn.
Does it make any sense that there are requirements to use ethanol at this time? Shouldn’t someone try to do something about this?
I am no expert on ethanol, but come on….
Ethanol credits held by U.S. refiners may help reduce demand for the blending fuel and ease pressure on rising prices of corn, from which ethanol is made, the International Energy Agency said. The credits, known as Renewable Identification Numbers or RINs, were given out when refiners use more than the required quantity of ethanol mandated by the Renewable Fuels Standard, and can be used to avoid purchases now. About 2.5 billion
credits have been banked by refiners in recent years, according to the Renewable Fuels Association trade group, the IEA said.
The RIN credits “provide some flexibility for blenders to
http://www.thedisciplinedinvestor.com/blog/2012/08/24/corn-and-ethanol-costs-it-makes-no-sense/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+thedisciplinedinvestor%2FEBHR+%28The+Disciplined+Investor%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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