Corn and Ethanol.

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You know I care, buddy. But, I'll believe it when I see it. Haven't posted much in a long time, I almost feel lost wandering around the website -- likes, dislikes, mobile apps, oh my.
 
Minnow said:
You know I care, buddy. But, I'll believe it when I see it. Haven't posted much in a long time, I almost feel lost wandering around the website -- likes, dislikes, mobile apps, oh my.
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We missed Ya Minnow, you need to get back into the swim, it's easy. fish-jumping.gif
 
driz said:
Well, since the US is #2 on the worldwide overweight list less fast food in the country might be a good thing:rolleyes:. I've known a few young guys who ate a regular diet of that stuff and had a lot of issues. They all got a lot healthier when they laid off of it for the most part.
Click to expand...

Wow, so why don't we just have managed diets for all Americans... very reminiscent of the book 1984... I guess freedom isn't in your vocabulary. Can I also guess that personal responsibility is also not in your vocabulary?
 
Meanwhile......

I paid $2.48 a gallon yesterday for E85 fuel, AND the ethanol plant was able to sell almost a million tons of Dried Distillers grain (DDG) to the Chinese for animal feed.
DDGS

Exporting food product- DDG- as a direct result of ethanol production.

:-)
 
[h=1]RIN Prices Plummet Following EPA Announcement[/h]

07 Aug 2013

biofuels, ethanol, RINs

by jorge pradilla



The federal government revised quotas for renewable fuels yesterday, as demand for gasoline and production of “next-generation sources” has been short of expectations. The Environmental Protection Agency (EPA) gave refiners an additional 4 months to reach the expected 16.55 billion gallons of renewable fuel in 2013. The EPA also suggested it will reduce the 18.15 billion gallon mandate for 2014, which was one of the main reasons for the increase ethanol credit prices (which refiners can buy to comply) earlier. Under the Renewable Fuel Standard (RFS) passed by Congress in 2007, the government mandated refiners to use a certain amount of renewable fuels each year, arguing it would increase domestic production and cut greenhouse-gas emissions by reducing use of gasoline or diesel. However, refiners claimed that declining demand for gasoline could translate into blending more than 10 percent of ethanol next year, which is not supported by all engines and lacks support from the general public. The EPA announced they will lower next year’s quota for the expected 13.2 billion gallons of ethanol that could fit within the 10 percent “blendwall”, on top of additional biodiesel or cellulosic fuels that would qualify as well.

Because the 2013 quotas were issued late in the year, EPA also prolonged the deadline to comply through June 30th, 2014, (adding 4 additional months). The EPA also cut its 2013 requirement for use of cellulosic biofuels to 6 million gallons from a proposed 14 million, saying biofuel supply is limited despite the increase in production so far in 2013. If refiners don’t produce or buy enough renewable fuel, they can buy credits for it. These credits are called Renewable Identification Numbers (RINs). RINs had surged earlier this year following concerns there would not be adequate gasoline demand to mix in a safe level of ethanol and other renewable fuels in 2013 and 2014. As seen on the graph below, after the announcement, corn-based ethanol RINs dropped 13% to 90 cents, the lowest since June 18.
Click to expand...




details:
RIN Prices Plummet Following EPA Announcement - Fuels News
 
I'm all for ethanol...and any other renewable resource (or non-renewable resource, i.e. Natural Gas) if it will keep our dollars here at home. As an active duty military member I have spent my time in the sandbox and I have to say I was madder than a wet hornet the first time I set foot in Kuwait and Saudi Arabia and seen what kinda vehicles they drive, and how rich those people are...The average citizen over there drive's BMW's and Mercedes like we drive Kia's and Hyundai's. We have made those countries rich...and it only costs them about $3 a barrel to produce it...Hmmmmm...we, as a country, need to break that tie....JMHO. I mean an average citizen of Saudi Arabia gets $75K a year from the government just for being a natural born Saudi. True Saudi's don't work either....they hire other country's people to come work for them.


We, as a country gotta get away from foreign oil, and move to something produced right here at home...I know we can do it, and we probably already have the technology for it....Lets keep our money right here in the good ol USA!


O.K.....I'll get off my soap box now!:D
 
E85 sales rose 43 percent in second quarter: IRFA

1:58 PM, Aug 20, 2013 | by Christopher Doering


The Iowa Renewable Fuels Association said Tuesday sales of fuel with 85 percent ethanol rose 43 percent in the second quarter of 2013.

Iowans purchased more than 2.62 million gallons of E85 in the second quarter of 2013, up from the 1.83 million gallons of the corn-based fuel purchased in the first quarter of 2013, according to Iowa Department of Revenue data.

“E85 sales were down at the end of 2012 and beginning of 2013 due to last summer’s drought, but we’re seeing those numbers turn around now with very attractive E85 prices,” said Monte Shaw, executive director of the Iowa Renewable Fuels Association. “We should see E85 sales grow even further as the price savings are even better now.”
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It's all about the best deal. E85 is now a better deal in many locations.

Now that E85 prices are 15% or more below gasoline in many places, it makes financial sense to swqitch to renewable E85 fuel.

More:
http://blogs.desmoinesregister.com/...ose-43-percent-in-second-quarter-irfa/article
 
I finally got my diesel Blazer.

u9uhebyh.jpg

pava9ery.jpg

She looks a little rough right now, but she'll run on veggie oil, or biodiesel. Now I just need to build my biodiesel reactor.
 
 
This week, almost half the states have stations where the price is 15% or more less for E85 than for gasoline- places where it makes a better financial deal to run E85 than gasoline.

E85 Prices

I paid $2.69 a gallon for E85 yesterday, while gasoline ticked up to $3.69 locally.

I am so glad that with a flex-fuel vehicle, I have a choice.
 

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$1/gal 100% REAL gas... my car is gonna like this for a year...

I know a place in NC where I can get 100% real gas too, may hit that anytime I go to the lake!
 
 
James48843 said:
This week, almost half the states have stations where the price is 15% or more less for E85 than for gasoline- places where it makes a better financial deal to run E85 than gasoline.

E85 Prices

I paid $2.69 a gallon for E85 yesterday, while gasoline ticked up to $3.69 locally.

I am so glad that with a flex-fuel vehicle, I have a choice.
Click to expand...


a real test which shows u lose in many areas. and even emissions it is a wash.

E85 vs. Gasoline Comparison Test

are u still glad after reading the link?
 
We should have a record crop of corn this year if we have substantial rain. All because of the cold winter! Hopefully they won't waste it on fuel for automobiles! Feed the HUNGRY!
 
James48843 said:
Huge bubble in the ethanol market- somebody must have cut a bad deal, because the price is going haywire, and there is no reason for it.

Pull up the chart for April 2014 and look at what the last two weeks has done. NO reason for it at all.

I think this is a huge "put" opportunity-
http://www.cmegroup.com/trading/energy/ethanol/cbot-ethanol.html
Click to expand...

I will not debate whether or not this is a tradeable opportunity or not and I will not dispense financial advice.

But to say there is no reason for this increase in ethanol prices is absurd.

You can't have your cake and eat it too with ethanol and now the folly of the mandate and those expired subsidies is fully evident.

Go ahead, extoll the virtues of ethanol and the evils of oil all you want. Mr. Market doesn't care and there were/are plenty of people telling all the ethanol backers this a LONG time ago.

Big oil ain't got nothing to do with the price spike in ethanol. Go see old Archer Daniels Midland for that my friends.

10% mandated blending of ethanol causing the price at the pump to increase??? Nah, that'll never happen. :laugh: Ethanol more expensive than gasoline, nah that'll never happen.

Screw it, let's go full-on congressional strength stupid and throw more money at the problem -- that'll fix it for sure I tell you whut!!!???!!!
 
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