Eventually, enough refineries will go out of business, and use up enough reserves, to allow
the price of ethanol to climb (because its use is mandated, the price is not locked to global oil prices).
The «market conditions» that these ethanol producers are referring to is the fact that the average
price of ethanol has dropped some 30 percent since May, as market subsidies combined with a lack of infrastructure for its delivery and use have created a surplus of the renewable fuel.
Gasoline prices in Brazil are controlled by the government, and the domestic sugar price — and therefore the domestic
price of ethanol — is determined by the world sugar price.
During two episodes of high sugar prices in 2010 and again in 2011,
the price of ethanol increased, causing consumers to switch their fuel usage to gasoline.
Not exact matches
When former U.S. vice-president Al Gore said last fall that his earlier enthusiasm for corn - based
ethanol production in the United States was a mistake, he was conceding something that had long been obvious: the practice
of diverting food crops to biofuels has contributed to food shortages and driven up
prices for staples across the globe.
Ethanol demand has been vital to farmers who are buffeted by low commodities
prices and the threat
of a global trade war.
But that volatility, as Ghosh likes to note, is the upside
of the integrated nature
of the company, which gives it a continued hedge against the differential in world oil
prices through its downstream and midstream assets — on the midstream side, Husky operates a 2,000 - kilometre crude - oil pipeline system, and its downstream operations include upgrading and refining crude oil, and marketing gasoline, diesel, jet fuel, asphalt and
ethanol in Canada and the United States.
A proposal to reduce the amount
of ethanol in gas could mean big changes for gas
prices and grocery bills.
It is an effort ``... to support
ethanol producers, many
of whom are facing bankruptcy because
of heavy debts and DIFFICULTIES COMPETING WITH SUBSIDISED PETROL
PRICES IN BRAZIL.»
The explanation for the hefty
price of free - range eggs has something to do with the dynamics
of increased corn production for
ethanol and the resulting decrease in production
of other less expensive feed.
In another stroke
of luck, New York dairy farmers have been well - positioned in recent years because they tend to grow much
of their own feed corn, putting them at a competitive advantage over their larger California competitors: West Coast dairies are struggling with the high
price of corn brought on by international demand, drought conditions and
ethanol subsidies.
The pump
price for
ethanol is roughly half that
of gasoline.
Two recent reports noted that corn - based
ethanol production is upping food
prices and consuming worrisome amounts
of water.
Data collection was performed from January to May 2011, and the analyses took place before, during and after a sharp fluctuation in
ethanol prices — owing to macroeconomic factors such as the international
price of sugar (Brazilian
ethanol is made from sugarcane)-- leading consumers to switch motor fuels in São Paulo City.
When
ethanol prices at the pump rise for whatever reason, it becomes economically advantageous for drivers
of dual - fuel vehicles to fill up with gasoline.
However, the health
of the entire population pays a high
price: substitution
of gasoline for
ethanol leads to a 30 % increase in the atmospheric concentration
of ultrafine particulate matter, which consists
of particles with a diameter
of less than 50 nanometers (nm).
Farmers make the fuel by chemically treating corn kernels to isolate the sugars and then feeding the sugars to yeast, which digests them and secretes
ethanol.Not only do the corn husks and stalks go to waste, but
ethanol production has driven up the
price of the corn that is used for food by reducing its availability.
As attorney general, Pruitt in 2013 filed a friend
of the court brief with the U.S. Supreme Court in which he argued the EPA ignored the risks that gasoline with more than 10 percent
ethanol can pose to cars» fuel systems as well as the RFS requirement's possible effect on food
prices.
At the same time, the steep
price of gasoline — and corn — means that next - generation
ethanol can be profitable even if its
price doesn't reach what Khosla Ventures» Kaul calls the «holy grail»
of $ 1 a gallon.
A Northwestern University study by an economist and a chemist reports that when fuel
prices drove residents
of São Paulo, Brazil, to mostly switch from
ethanol to gasoline in their flexible - fuel vehicles, local ozone levels dropped 20 percent.
Khanna says that a
price on carbon would be one way to equalize the cost
of using gasoline and
ethanol for consumers when filling up their tank.
The
price of pure
ethanol at the pump is so high that in most states it is cheaper to fill up flexible - fuel cars with petrol blends that contain about 20 %
ethanol.
It has promised the industry that petrol
prices will go up next year, and that the blend
of ethanol will rise from 20 % to 25 %, the maximum allowed by law.
A recent report from the U.S. Department
of Energy's Oak Ridge National Laboratories states that high - octane mid-level
ethanol blends deliver optimal performance, often at a
price below regular unleaded.
Comfortable but agile, its low maintenance Automatic transmission and its dependable Gas /
Ethanol V8 5.3 L / 323 engine have lots
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price.
Interesting features
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Comfortable but easy - moving, its tried - and - true Automatic transmission and its dependable Gas /
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price.
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ethanol (with gas - 320 hp [239 kW] @ 5400 rpm, 335 lb - ft
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ethanol - 326 hp [243 kW] @ 5300 rpm, 348 lb - ft
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prices include all applicable rebates and incentives.
We are one global market at present, and energy and food
prices are interlinked through the energy and fertilizer costs
of farmers, and through stupid ideas like corn - based
ethanol.
This should provide an incentive for shifting to a new generation
of fuels like cellulosic
ethanol that will reduce concerns about food
prices and the environment.
Today, the House Energy and Commerce Committee should be holding a hearing on advancing America's, and the world's, energy future by initiating a sustained quest to break the economic shackles imposed by enduring dependence on oil (that doesn't involve using 40 percent
of our corn crop to produce
ethanol in a world facing food
price spikes).
The denial
of market forces in the US by all politicians, in favor
of market farces like
ethanol subsidies, in a way emphasis the effectiveness
of prices as one instrument.
I saw your support for cellulosic
ethanol, but no statement on the logic (or lack thereof)
of the United States diverting some 40 percent
of its corn crop to fuel while world grain
prices soar.
Cruz creditably withstood the perennial temptation — among Republicans and Democrats alike — to bow down to Big Corn and the federal mandate for
ethanol that has been such a boon to Iowa corn farmers and bane if you care about food
prices, greenhouse gas emissions, herbicide use or the loss
of wild vegetation in the Midwest that is an important food source for monarchs and habitat for other wildlife.
Would that they had invested more in efficient cars, and more important I would add, spent less
of their politcal capital fighting fuel economy standards (as well as studies that even hinted at supporting such an approach) or supporting expensive
ethanol and other alternatives to keep the myth
of a low
price at the pump, in turn to keep Hummers Humming.
To the «hatchet job» inference (# 177), I listened with my ears and nobody else's to the May 6th «Fresh Air» interview, when Gore moved from an
ethanol / food
price debate, to his joke about some minister's absurd believe that Katrina was New Orleans» punishment for a gay pride parade, to his clear inference that Myanmar and, previously, Bangladesh, are part
of an emerging consensus that the trend towards more Category 5 and stronger storms appears to be linked to AGW, specifically the heating
of the upper oceans, driving convection energy, etc..
The
ethanol program has already raised corn
prices, making it hard for poor consumers
of corn to eat.
Still, it's clear that a combination
of pressures to cut the deficit, concerns about food
prices and clearer information about the dubious merits
of most existing methods
of producing
ethanol has overcome the political heft
of farm states.
We have noted previously that demand for
ethanol feedstocks has driven up the
price of beer in Germany, tortillas in Mexico and pasta in Italy; Yesterday the Italians demonstrated that they have had enought
of high
prices and went on strike.Consumer
You then take that
ethanol and burn it into an internal combustion engine that is maybe 20 - 30 % efficient, and you end up with a tremendous amount
of wasted energy... And you've used up farmland that could instead have grown food for human consumption, increasing food
prices by reducing supply.
Ethanol makers experienced improved financial performance because
of changes out
of their control - as in the case
of natural gas
prices falling drastically in response to increased fracking for natural gas production - but lost money because
of increased corn
prices caused by escalating Chinese grain demand.
And the run - up in commodity
prices has more to do with the emergence
of the economies
of India and China than with anything related to
ethanol policy.
If I produced corn
ethanol, and the
price of oil went up, I'd charge a lot more for my
ethanol to maximize profitability while my competitor's
prices were high, which, in a nutshell is why
ethanol does little to protect consumers from oil
price spikes.
Adding more
ethanol will also increase the complexity
of America's refining infrastructure, which is already straining to meet demand, thus raising pump
prices.
But the
ethanol boosters are ignoring some unpleasant facts: Ethanol won't significantly reduce our oil imports; adding more ethanol to our gas tanks adds further complexity to our motor - fuel supply chain, which will lead to further price hikes at the pump; and, most important (and most astonishing), it may take more energy to produce a gallon of ethanol than it actually co
ethanol boosters are ignoring some unpleasant facts:
Ethanol won't significantly reduce our oil imports; adding more ethanol to our gas tanks adds further complexity to our motor - fuel supply chain, which will lead to further price hikes at the pump; and, most important (and most astonishing), it may take more energy to produce a gallon of ethanol than it actually co
Ethanol won't significantly reduce our oil imports; adding more
ethanol to our gas tanks adds further complexity to our motor - fuel supply chain, which will lead to further price hikes at the pump; and, most important (and most astonishing), it may take more energy to produce a gallon of ethanol than it actually co
ethanol to our gas tanks adds further complexity to our motor - fuel supply chain, which will lead to further
price hikes at the pump; and, most important (and most astonishing), it may take more energy to produce a gallon
of ethanol than it actually co
ethanol than it actually contains.
Let's reword all this and say that we want to improve energy efficiency and reduce waste and real pollution wherever we can, we want to move away from ever scarcer and costlier fossil fuels, particularly those that have to be imported from a
price - fixing cartel
of nations that are generally hostile to us and we want to develop new domestic sources
of energy, be that shale oil and gas, new biofuels (not silly corn - to -
ethanol schemes) and other renewable energy sources, etc..
In this case, they point to the role
of speculators and
ethanol in world food
prices.
As
of mid-2007, growth in investment in
ethanol and biodiesel was losing momentum as feedstock
prices rose for both
ethanol distilleries and biodiesel refineries and as soaring grain
prices sounded alarm bells for food consumers everywhere.
While higher commodity
prices and cooperatively owned
ethanol refineries could be a boon to independent farmers, unregulated
ethanol industry growth will further concentrate agribusiness, threatening the livelihood
of rural communities.
The rise in corn
prices has already abated, partly in response to lower oil
prices due to a multitude
of factors including, in a small way, corn
ethanol.