Cruz Victory Draws Attention to Ethanol Subsidies (VIDEO)

February 4, 2016 01:00 PM
 
Cruz Victory Draws Attention to Ethanol Subsidies (VIDEO)

Senator Ted Cruz’s victory in the Republicans' Iowa Caucus has renewed discussion about the ethanol industry and subsidies for renewable fuels.

The Republican candidate for president has said he would like to end such subsidies.

 

“My view on energy is simple: We should pursue an ‘all of the above’ policy,” the Texas senator wrote in a January op-ed in the Des Moines Register. “We should embrace all of the energy resources with which God has blessed America: oil and gas, coal, nuclear, wind, solar, and biofuels and ethanol.  But Washington shouldn’t be picking winners and losers. That’s why my tax plan ends all energy subsidies and mandates. No Washington favoritism for oil and gas, for wind, for solar, or for anyone else.  We should phase out the Renewable Fuel Standard, end all energy subsidies, and ensure a level playing field for everyone.”

Those are controversial words for many in Iowa, including Senator Chuck Grassley (D-Iowa).

“You have to remember that the renewable fuel standard is permanent law,” Grassley said. “The president cannot repeal permanent law. Only Congress can do that, and that’s a battle I’m willing to have.”

Watch the AgDay segment here:

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Comments

 
Spell Check

Dan
Loomis, NE
2/4/2016 07:24 PM
 

  Larry Thats the way I remember it MTBE was a cancer causer that was showing up in the underground water in California and other places. It also is a cheap octane raiser I think.

 
 
Wes
Sparks, NE
2/4/2016 01:17 PM
 

  I would like to know what the ethanol subsidies are at this point. The blenders credit is gone. Is there any subsidy other than the RFS mandate? As I understand it ethanol is used to reduce emissions from standard gasoline and that if ethanol wasn't used, another more expensive chemical would be. Does anyone know if this is correct? I am a fan of the USA and Ted Cruz happens to be the one who seems willing to bring back the use of the constitution and help to be as great as we were meant to be. At this point if ethanol can't make it on its own, we all need to learn to grow less corn. We will all make more money growing 150 bushel corn than we do at 250 bushel.

 
 
larry
tulsa, OK
2/4/2016 05:52 PM
 

  I thought ethanol was used to replace a chemical known as MTBE after it was found to be a polluntant in California water suppy. I think MTBE was used to increase octane...maybe. Anyway i do know that MTBE was produced within the oil refineries because i was involved in the installation design of those first MTBE units many years ago. Google MTBE and see what pops up.

 
 

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