EPA Rules on Ethanol Waiver Request, Food Prices, EU Production Estimates, Doha and Production Expenditures
EPA Rules on Ethanol Waiver Request
Siobhan Hughes, Jessica Resnick-Ault and Lauren Etter reported in today’s Wall Street Journal that, “The Bush administration denied a request to reduce the amount of ethanol that must be blended into the U.S. gasoline supply, dealing a setback to food producers, livestock ranchers and others who say the mandate is contributing to high food prices.
“The decision marks a victory for U.S. corn growers and ethanol makers. But it is unlikely to settle the broader debate over U.S. biofuels policy and the degree to which the U.S. should continue to subsidize alternative fuels such as corn-based ethanol. Within minutes of the administration’s announcement, groups representing poultry producers, livestock farmers and other industries vowed to take their case to Congress and the next presidential administration.”