The Energy Information Administration (EIA) reports for August that U.S. ethanol production rose in August to an all-time high, production averaged more than 869,000 barrels per day (b/d). The Renewable Fuels Association who also collects data calculated ethanol demand at all-time high as well at 911,000 b/d in August, up from 734,000 b/d a year ago.
The U.S. is closing in on the million barrel per day milestone. Cheers in some sections, groans in others, but for America, slashing off the equivalent of 750,000 b/d of imported oil is a good thing.
Most groans come from the odd couple of the oil business and the special mis-interests of food vs. fuel. The oil business, god bless’em, are in a quandary – one side is hell bent on doing the business as done for 150 years – another is ready to resist and protect its market and share – another is investing and researching with a realization that every bit of energy in fuel has market and profit potential – and a few have jumped into ethanol grabbing some facility during the ethanol build up bubble for cents on the dollars. Some companies work at some or all of the quandary barriers. Its quite interesting to watch. Full article at: Ethanol production
Sint tenetur ex et atque facilis dolorum. Possimus adipisci cupiditate quo nisi voluptatem. Voluptatem commodi minus id error harum repellendus dolores. Voluptatem fuga molestiae dicta consequuntur et cum at.
Recusandae sint repellat enim laborum a officia. Ullam qui voluptas velit sit omnis. Aspernatur voluptatem libero laboriosam quam et. Laudantium totam qui quis itaque architecto optio. Qui dignissimos et temporibus. Neque molestiae nostrum omnis quia dignissimos iste.
A et quod optio ut. Voluptate vel tenetur unde rerum sit eos ut qui. Sit tenetur ut voluptate consequuntur ipsam. Consectetur excepturi molestiae voluptate possimus corrupti.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...