http://earth2tech.com/2007/10/02/latest-victim-of-ethanol-glut-biotown-usa/ Helping the Earth with Technology Mon, 23 Nov 2009 23:13:48 +0000 http://wordpress.com/ hourly 1 http://earth2tech.com/2007/10/02/latest-victim-of-ethanol-glut-biotown-usa/#comment-2712 Can Biofuels Save Rural Towns? « Earth2Tech Mon, 29 Oct 2007 03:26:07 +0000 http://earth2tech.com/2007/10/02/latest-victim-of-ethanol-glut-biotown-usa/#comment-2712 <p>[...] At the most basic level, the researchers want to know how these communities are responding to the influx of capital and interest in places where the population has been declining for years. What are the issues that local communities might have with the reconfiguration of their towns around a new industry? We’d be interested to learn more about how “BioTown USA”, formerly Reynolds Indiana, has been affected by its biofuel rebranding and the recent suspension of the planned ethanol biorefinery. [...]</p> [...] At the most basic level, the researchers want to know how these communities are responding to the influx of capital and interest in places where the population has been declining for years. What are the issues that local communities might have with the reconfiguration of their towns around a new industry? We’d be interested to learn more about how “BioTown USA”, formerly Reynolds Indiana, has been affected by its biofuel rebranding and the recent suspension of the planned ethanol biorefinery. [...]

]]> http://earth2tech.com/2007/10/02/latest-victim-of-ethanol-glut-biotown-usa/#comment-2334 Earth2Tech » Blog Archive » Ethanol Glut Shutters Another Plant Tue, 16 Oct 2007 20:12:02 +0000 http://earth2tech.com/2007/10/02/latest-victim-of-ethanol-glut-biotown-usa/#comment-2334 <p>[...] ethanol just can’t win. Even Biotown USA — a town renamed for biofuels a couple years ago — couldn’t make the economics of [...]</p> [...] ethanol just can’t win. Even Biotown USA — a town renamed for biofuels a couple years ago — couldn’t make the economics of [...]

]]> http://earth2tech.com/2007/10/02/latest-victim-of-ethanol-glut-biotown-usa/#comment-2322 Ethanol Glut Shutters Another Plant « Earth2Tech Tue, 16 Oct 2007 16:03:46 +0000 http://earth2tech.com/2007/10/02/latest-victim-of-ethanol-glut-biotown-usa/#comment-2322 <p>[...] Comments Posted October 16th, 2007 at 9:00 am in Energy Corn-based ethanol just can’t win. Even Biotown USA — a town renamed for biofuels a couple years ago — couldn’t make the economics of [...]</p> [...] Comments Posted October 16th, 2007 at 9:00 am in Energy Corn-based ethanol just can’t win. Even Biotown USA — a town renamed for biofuels a couple years ago — couldn’t make the economics of [...]

]]> http://earth2tech.com/2007/10/02/latest-victim-of-ethanol-glut-biotown-usa/#comment-2004 DS Fri, 05 Oct 2007 00:48:11 +0000 http://earth2tech.com/2007/10/02/latest-victim-of-ethanol-glut-biotown-usa/#comment-2004 <p>The obvious solution to this problem is for the USDA to pay farms to not make ethanol.</p> The obvious solution to this problem is for the USDA to pay farms to not make ethanol.

]]> http://earth2tech.com/2007/10/02/latest-victim-of-ethanol-glut-biotown-usa/#comment-1991 BurlHaigwoodCFDC Thu, 04 Oct 2007 13:25:08 +0000 http://earth2tech.com/2007/10/02/latest-victim-of-ethanol-glut-biotown-usa/#comment-1991 <p>Once again the news story should not be about the bad news for ethanol and the “glut.” The glut is really just a short story about oil company glut-tony. How can a country that has record gasoline prices and for decades not be able to produce enough of it own crude oil or gasoline have a glut of alternative fuels? We need 140 billion gallons of gasoline each year and we produce 6 billion gallons of ethanol. Do the math. There is not a glut; there is an incredible market distortion in a not so free transportation fuel market. A few points to ponder. Ethanol is currently selling for about $1.00 per gallon below the price of gasoline yet oil companies are choosing to buy ethanol credits (RINs) despite the ethanol glut and enormous potential margins. This appears to be a strange tactic for a gasoline business that historically cuts deals on portions of pennies, not dollars. Could they really be trying to erode consumer and investor confidence in ethanol and slow down its growth? Ethanol is lowering gasoline prices in many markets and according to DOE has lowered the price of oil by $2.50 per barrel. Every consumer is the victim in this ethanol glut, not just the ones that live in BioTown USA. I hope the country still has time to start running on consumer power again. Google the "Big Oil's Big Stall On Ethanol" and the "Ethanol Fact Book"</p> Once again the news story should not be about the bad news for ethanol and the “glut.” The glut is really just a short story about oil company glut-tony. How can a country that has record gasoline prices and for decades not be able to produce enough of it own crude oil or gasoline have a glut of alternative fuels? We need 140 billion gallons of gasoline each year and we produce 6 billion gallons of ethanol. Do the math. There is not a glut; there is an incredible market distortion in a not so free transportation fuel market.
A few points to ponder. Ethanol is currently selling for about $1.00 per gallon below the price of gasoline yet oil companies are choosing to buy ethanol credits (RINs) despite the ethanol glut and enormous potential margins. This appears to be a strange tactic for a gasoline business that historically cuts deals on portions of pennies, not dollars. Could they really be trying to erode consumer and investor confidence in ethanol and slow down its growth? Ethanol is lowering gasoline prices in many markets and according to DOE has lowered the price of oil by $2.50 per barrel. Every consumer is the victim in this ethanol glut, not just the ones that live in BioTown USA. I hope the country still has time to start running on consumer power again. Google the “Big Oil’s Big Stall On Ethanol” and the “Ethanol Fact Book”

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