The price of corn has less to do with the price of food than many other factors, according to an extensive new study by Informa Economics based on 20 years of price data. The Informa report identifies the so-called “marketing bill”—the portion of final food costs that excludes grains or other raw materials—as a key driver of the consumer price …
FTC Reports on Ethanol Market Concentration
A new report from the Federal Trade Commission says U.S. ethanol industry become more competitive in 2007. According to the report, “The ethanol production industry is not concentrated, and has become even more unconcentrated over the last year.” The FTC utilizes the Herfindahl-Hirschman Indices (HHIs) to determine concentration. As outlined by the FTC and the Justice Department, HHIs with values …
Renewable Fuels Now Fights for Alternative Energies
The first “official” action of the Renewable Fuels Now coalition was to determine where Americans stand on developing and using alternative energies. The coalition is a new umbrella organization of different associations that are working to provide accurate information about renewable fuels. Greg Krissek with ICM says opponents of alternative energies have swamped the public with misinformation about renewable fuels, …
Ethanol Statistics Interviews RFA President
Ethanol Statistics, a Netherlands-based market research and business information publisher, recently went to the expert on ethanol to do a feature about the future of the industry. Bob Dinneen, president of the Renewable Fuels Association, is much more positive about ethanol in the United States because he knows why consumption has been lagging behind, because he knows what are and …
Give Thanks for Ethanol
With oil just pennies away from $100 a barrel, Americans are looking at higher costs for both their Thanksgiving travel and the turkey on the table. But, the good news is that ethanol is saving drivers about 15 cents a gallon this holiday season. According to an analysis by John Urbanchuk, a director at the economic consulting firm LECG, LLC, …
Ethanol Trade Talk
Ethanol was again was the main topic of discussion at the National Association of Farm Broadcasting annual Trade Talk in Kansas City. At the Ethanol Promotion and Information Council booth, Greg Krissek of ICM talked with reporters about the newly formed Renewable Fuels Now coalition. EPIC’s acting executive director Robert White discussed the progress of the ethanol “e” branding program …
Renewable Fuels and National Security
The Renewable Fuels Association (RFA) is sponsoring a lunch and panel discussion Wednesday in Washington DC on the importance of renewable fuels like ethanol in our nation’s comprehensive national security strategy. The event will feature a keynote address by former Director of Central Intelligence R. James Woolsey as well as a panel discussion on the consequences of our nation’s increasing …
Dinneen Discusses New Poll and New Coalition
Renewable Fuels Association President Bob Dinneen is pleased with new poll results that show Americans want renewable fuels and he’s excited about a new coalition that is working to make that happen. Dinneen says the poll affirms what many in the industry have known for a long time “that Americans absolutely believe we need to be maximizing the use of …
Ethanol Demand Continues to Exceed Production
Ethanol production continued to grow in July, averaging 434,000 barrels per day according to the Energy Information Administration. Ethanol demand, as calculated by the Renewable Fuels Association, also increased to 464,000 barrels per day. To date, RFA says the U.S. is averaging 402,000 barrels per day production with average demand exceeding production at nearly 429,000 barrels per day.
America Wants Renewable Fuels Now
A new coalition that supports increased use of domestically produced renewable fuels says nearly three out of four Americans want renewable fuels. According to a new national poll released today by the Renewable Fuels Now Coalition, 74 percent of Americans believe we should increase our use of domestically produced renewable fuels like ethanol. In addition, 87 percent of Americans maintain …