Page 35 - Corn Ethanol News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Essentially the farmers and folks on the ground say that all that has been negated by these exemptions. i want to let you hear from todd becker. he is the ceo of green plains, which is the operator of several corn ethanol plants including this one behind us. this is part of what he told us. >> why have you guys lost money? >> we've lost money because, number one, our demand has been destroyed by these small refinery exemptions. and that's really where we're focusing with the administration to say, hey, look. you have to fix this. right? your epa went too far. and the president has committed th...

Senators in the region, and the farmers. these are farmers that have backed the president by and large over the course of the last three years but it's these waivers that have been handed down from the epa to small oil refineries. there's big oil companies, including exxon and chevron that own some of these small oil refineries. essentially what the epa has done is said to these oil companies that they do not have to use corn ethanol as part of their gasoline blend. there is a law on the books called the renewable fuel standard. it's essentially a law that requires the u.s. fuel supply to use ...

Thanks to a policy change that helps the corn farmers. he ordered them to lift restrictions on corn ethanol that prevented gasoline from being sold year around. the oil industry fought to keep the rule in place, but the new rule could benefit farmers and republicans in tough races including the incumbent governor. also mining in yellowstone national park. it protects the area in montana's paradise valley for another 20 years. the ban puts to rest concerns over two proposed gold mines and does not affect leases already in place. the candidates in the georgia's governor's race gets help from the...

Have been getting subsidies for years. >> we're ready to transition. >> john: tomorrow? >> can you give us a chance so that americans can have a choice as to what they put in their pump. >> john: by choice, government needs to pay to install the pumps. but government didn't install gasoline pumps, entrepreneurs did. >> service stations will do it. why the taxpayer? >> it's like anything else you have to get it started. >> you are parry ra site feeding on the taxpayer. stand on your own feet? >> we are ready to stand on our own feet but it needs a fair playing field. >> john: they want more sub...

Can agree with senator mccain about. he couldn't say unintended consequences of mccain feingold. >> we shouldn't be subsidizing ethanol. >> we are trying to change the pattern. >> governor wesley clark fights for ethanol. >> in 2008 we paid $50 billion to the saudi government for imported oil. >> john: we're still doing it but we're paying you guys a ton. >> the point is the money paid on ethanol stays in the american economy. >> john: it does but at what cost. congress realized that ethanol tax credits were a bad idea but they kept in place rules mandated oil companies use ethanol in gasoline...