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Renewable Fuels Supports American Jobs & Wages

Renewable fuels now represent nearly 10% of America’s fuel supply and have helped reduce U.S. reliance on foreign oil to the lowest level in years according to an economic impact study by John Dunham & Associates.
 
The analysis takes into account the entire supply chain for renewable fuels and quantifies the impact to the U.S. economy, including:
  • Driving $184.5 billion of economic output
  • Supporting 852,056 jobs and $46.2 billion in wages
  • Generating $14.5 billion in tax revenue each year
The report tells the story of an innovative, advanced renewable fuels and biofuels industry that is producing growing benefits for America’s economy.  “The data is in: the Renewable Fuel Standard (RFS) is driving billions of dollars of investment by the biofuel sector to bring clean, low carbon renewable fuels to market,” the footprint analysis concludes. “This investment creates a ripple effect as supplier firms and employees re-spend throughout the economy.”
 
Embraced by both Democrats and Republicans and signed into law by President Bush – but bitterly opposed by the oil industry – the RFS calls for the use of American-grown renewable fuels in our transportation fuel supply.  The oil industry is urging the U.S. EPA and/or Congress to repeal or weaken the RFS so that renewable fuels do not further reduce oil industry market share.    
 
The full analysis is publicly available by clicking Biofuels Footprint Analysis  
 


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Ethanol Helps Rural Economies
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More than just fuel


Quotes
 
C - CORN - CBOT
  High Low Last Chg
May 506'4 500'2 501'0 -2'2
Jul 513'2 506'0 507'0 -2'2
Sep 507'4 -2'2
Dec 506'4 502'0 502'4 -1'6
Mar 515'0 515'0 515'0 -1'6
 
S - SOYBEANS - CBOT
  High Low Last Chg
May 1473'0 1464'4 1471'0 3'4
Jul 1472'0 1464'0 1472'0 5'2
Aug 1399'0 9'0
Sep 1290'0 1290'0 1290'0 4'6
Nov 1232'0 1223'0 1231'0 3'4
 
LC - LIVE CATTLE - CME
  High Low Last Chg
Apr 144.250 143.750 144.250 0.325
Jun 135.850 135.125 135.850 0.750
Aug 134.925 134.150 134.925 0.700
Oct 138.900 138.400 138.875 0.250
Dec 141.000 140.550 140.975 0.225
 
@C - CORN - CBOT
  High Low Last Chg
May 503'6 501'0 503'2 2'0
Jul 509'6 506'6 509'2 2'0
Sep 507'4 504'6 507'4 2'4

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DTN/PF Renewable Fuels
Latest DTN/PF Renewable Fuels News
Wednesday, April 23, 2014 12:17PM CDT
News pertaining to the ethanol industry.

Thursday, February 27, 2014 3:31PM CDT



News


NCGA's Know Before You Grow website gives growers updated info on new seed varieties currently unapproved in some export markets and is an important resource for all corn growers as they head into planting season. Read what Wisconsin Corn Grower Jim Zimmerman has to say about this resource at http://wicornpro.org/ and listen to his interview by clicking HERE.

Syngenta has a new educational video entitled, “Ethanol: Fueling Rural America’s Future – One Community at a Time,” along with a series of other topical videos that help to tell ethanol’s story. The videos’ primary purpose is to inform and educate the general public about the positive impact ethanol is having on cleaning our air, improving our economy and fulfilling our nation’s quest to become energy independent.  View the videos by clicking here.

No Meaningful Difference between E10 and E15 ethanol blends, says a report from the National Renewable Energy Lab, which also found no evidence to support oil industry claims of mechanical problems with E15 ethanol blends. Read more online here: NREL Report

Ethanol Promotes Consumer Choice  explains an opinion column by Iowa Governor Terry Branstad, in the Oct. 10 Wall Street Journal. It is the ethanol industry, which makes a cheaper, cleaner, higher octane product, that is ready, willing and able to face free market competition from petroleum. Read the column online by clicking this link: Ethanol Ready 
 
Consumers Consider Ethanol Green Energy. A survey released during BIO World Congress shows US consumers name ethanol 39% of the time when asked to name a product they consider green.  The study also found that four in 10 American consumers have heard the term 'biobased' to describe various products including fuels such as ethanol and biodiesel as well as cleaning products and personal care products. Read about the survey here at Domesticfuel.com


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Palmyra, WI
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High: 66°F
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Temp: 50oF Feels Like: 50oF
Humid: 48% Dew Pt: 31oF
Barom: 29.72 Wind Dir: SSE
Cond: N/A Wind Spd: 8 mph
Sunrise: 5:55 Sunset: 7:46
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