Poll after poll shows that the majority of Americans have an unfavorable view of Obamacare. If it were front and center of the newscycle, as Obamacare is, most would also have the same repeal-or-revise attitude regarding ethanol mandates as the two are marching hand-in-hand. In addition to the odd collection of opponents—conservatives and unions in opposition to Obamacare; and environmentalists and big oil, auto manufacturers and anti-hunger groups oppose ethanol—there are numerous other similarities.
Sounds good at the start
Healthcare for all sounds like a good idea, after all who wants to tell a mother holding a sick child that she can’t get care? Likewise, homegrown fuel that will increase America’s energy independence, sounds good—especially when the Renewable Fuel Standard (RFS) was passed by Congress as part of the Energy Policy Act of 2005. The RFS mandates a minimum volume of biofuels (generally corn-based ethanol) is to be used in the national transportation fuel supply each year. Two years later, the Energy Independence and Security Act of 2007 greatly expanded the biofuel mandate volumes and extended the date through 2022. The expanded RFS required the annual use of 9 billion gallons of biofuels in 2008, rising to 36 billion gallons in 2022, with at least 16 billion gallons from cellulosic biofuels, and a cap of 15 billion gallons for corn-starch ethanol.
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Thursday April 24th, 2014 | John Ransom
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Tuesday April 22nd, 2014 | John Ransom