After the defeat Tuesday in the Senate of an amendment by Sen. Tom Coburn (R-OK) to immediately eliminate the Volumetric Ethanol Excise Tax Credit (VEETC), the ethanol industry is supporting another approach and the two concepts could be heading for a showdown in the Senate before the end of the month. “That indeed has been teed up with a commitment …
Diverse Groups Oppose Coburn Ethanol Amendment
In advance of a vote in the Senate on an amendment to eliminate the Volumetric Ethanol Excise Tax Credit (VEETC) immediately, ethanol interests remain “cautiously optimistic” that the measure will fail. Seven agriculture and ethanol organizations sent a letter to the Senate leadership urging a no vote on the amendment proposed last week by Sen. Tom Coburn (R-OK). In it …
Ethanol Expected to be Debate Topic
Ethanol is expected to be a hot topic when Republican presidential hopefuls debate tonight in New Hampshire. The candidates who are scheduled to participate include Minnesota Congresswoman Michele Bachmann, businessman Herman Cain, former Speaker of the House Newt Gingrich, Texas Congressman Ron Paul, former Minnesota Governor Tim Pawlenty, former Massachusetts Governor Mitt Romney and former Pennsylvania Senator Rick Santorum. Renewable …
Ethanol Faces Double Attack in Senate
The ethanol industry is facing a double pronged attack in the U.S. Senate. Sen. Tom Coburn (R-OK) went to the floor last night with an amendment to eliminate the Volumetric Ethanol Excise Tax Credit (VEETC) immediately, while at the same time Sen. John McCain (R-AZ) is proposing to eliminate funding of ethanol infrastructure. “It is a two-pronged attack, it is …
Corn Acreage Lowered But Record Crop Still Expected
Farmland flooding is taking its toll on the outlook for corn acreage, but record production is still anticipated. The latest World Agricultural Supply and Demand Estimates from USDA out today lowered corn planted area for 2011/12 by 1.5 million acres from March intentions to 90.7 million acres. “Planting delays through early June in the eastern Corn Belt and northern Plains …
NASCAR STP 400 Winning Team Pleased with Ethanol
Brad Keselowski driving the #2 Miller Lite Dodge Charger won the inaugural Sprint Cup Series STP 400 at the Kansas Speedway Sunday where American Ethanol was prominently displayed. When asked during the post-race press conference about NASCAR using 15% ethanol fuel this year, Keselowski said he applauded NASCAR for its green initiative. “It’s just an added benefit that (ethanol) comes …
Childress Believes NASCAR Could Use More Ethanol
Former NASCAR driver and owner of Richard Childress Racing thinks the racing series could go to higher ethanol blends sometime in the future. Despite media attention regarding an “incident” between him and driver Kyle Busch on Saturday, Richard Childress was happy to come by the American Ethanol tent Sunday and voice his support for corn farmers and the domestically produced …
Corn Growers Proud of Ethanol in NASCAR
Corn growers are very proud to be a part of bringing the story of ethanol to the nation through NASCAR. I talked with National Corn Growers Association president Bart Schott (right) of North Dakota and NCGA chairman Darrin Ihnen of South Dakota who were at the Sprint Cup Series STP 400 at the Kansas Speedway Sunday where American Ethanol was …
American Ethanol on the Kansas Speedway
The Sprint Cup Series STP 400 race is underway at the Kansas Speedway and American Ethanol is clearly on display. The American Ethanol logo and paint scheme are not only on Clint Bowyer’s No. 33 Chevrolet, fans are also seeing the American Ethanol logo along the backstretch wall of the 1.5-mile Kansas Speedway to spotlight the partnership between the National …
Growth Energy Ready for America Ethanol in KS
Getting ready for the American Ethanol event at the Sprint Cup Series STP 400 race on the Kansas Speedway, some 1200 corn and ethanol supporters are gathering to watch. Growth Energy CEO Tom Buis is busy doing media interviews this morning, including a live shot with Fox News. “There’s no sport more American than NASCAR, and no fuel more American …