Big Ethanol pretty upset with Big Oil about all this attention to biofuels mandates

posted at 5:41 pm on August 26, 2013 by Erika Johnsen

You mad, Big Ethanol?

The corn-ethanol group Growth Energy is taking aim at the oil industry in a new multimillion dollar national TV advertising campaign, the group announced Monday.

The push portrays the oil industry as using its clout to prevent biofuels from entering the marketplace. It’s the latest in a series of escalating attacks between biofuel and oil industry trade groups.

“While Big Oil may be one of the largest and well-funded industries on the planet – they are not entitled to use their influence to control Congress to maintain unbridled control over the transportation fuels marketplace,” Growth Energy said in a statement.

The advertising effort will last several weeks, Growth Energy spokesman Michael Lewan told The Hill. It will broadcast nationally on FOX, CNN, MSNBC and RFD-TV, as well as in some local markets.

Well, we certainly wouldn’t want to allow an industry with specially interested clout to artificially manipulate the conditions of the marketplace, would we? …Kind of like how Big Ethanol is itself a prime example of the ill-begotten rewards of rent-seeking and crony capitalism, no?

Yeah, about that. This is just the latest move from the biofuels lobby in the escalating battle royale over the Renewable Fuel Standard, a functional subsidy that requires increasing amounts of various types of ethanol into the country’s gasoline supply. Talk of repealing the mandate in all of its damaging stupidity has lately been getting just a little too loud in Washington for the biofuels industry’s comfort, so obviously it’s time to take their entirely twisted and phony arguments to the streets.

These crocodile tears are coming the same day that ethanol is making an apt display of it’s own brand of price volatility, by the way — an attribute with which the industry often derides gasoline:

Ethanol futures jumped to the highest price in more than five weeks, slashing their discount to gasoline, on concern a heat wave in the U.S. Midwest will force plants to reduce operations and threaten corn crops.

The spread, or price difference, shrank by 8.37 cents to 48.75 cents at 11:07 a.m. New York time amid forecasts that temperatures in southern Minnesota and northern Iowa may be as much as 15 degrees above normal through the rest of this week. Most ethanol plants in the U.S. are in the corn-rich Midwest.

“The heat wave will probably slow production some,” said Mike Blackford, a consultant at Intl FCStone in Des Moines, Iowa. “This market has a herd mentality. Either they all want to buy or they all want to sell.”


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Burn it down.

Charlemagne on August 26, 2013 at 5:44 PM

Burning food for fuel, the hallmark of a civilization well on its way to decline.

Corn-based Ethanol…one big scam.

If it were all that good and wonderful, no federal or state subsidies would be required.

coldwarrior on August 26, 2013 at 5:49 PM

ethanol, stupid squared.

rob verdi on August 26, 2013 at 5:51 PM

I ask without sarcasm: Do Lefties really support ethanol mandates in the same way they blindly support anything “solar,” “green,” etc.?

Getting rid of ethanol mandates seems like something the Leftists and normal Americans could actually agree upon. The only people that seem to fight for ethanol mandates are the rent-seeking ethanol companies and the Republican and Democrat politicians pushing for it. Is there a “grassroots” push for ethanol mandates from the Left?

visions on August 26, 2013 at 5:54 PM

http://www.nytimes.com/2012/01/10/business/energy-environment/companies-face-fines-for-not-using-unavailable-biofuel.html?pagewanted=all&_r=0

Do we still require that gasoline sellers include a biofuel that doesn’t exist; with fines for noncompliance?

they are not entitled to use their influence to control Congress to maintain unbridled control over the transportation fuels marketplace

Sounds good to me; drop the government requirements that YOUR influence in Congress got added as mandates.

Or is that different somehow?

gekkobear on August 26, 2013 at 6:01 PM

The simple answer is, “if the government is involved, they shouldn’t be”.

Tater Salad on August 26, 2013 at 6:07 PM

The corn-ethanol group Growth Energy is taking aim at the oil industry in a new multimillion dollar national TV advertising campaign, the group announced Monday.
=====================================

Hope,they have deeeeeeeeeeeeeep pockets!!

canopfor on August 26, 2013 at 6:13 PM

Growth Energy

http://www.growthenergy.org/

canopfor on August 26, 2013 at 6:15 PM

Big Subsidy?

Oil Can on August 26, 2013 at 6:16 PM

ethanol, stupid squared.

Doing nothing to strip petroleum of it strategic nature in our transportation sector, stupid on steriods.

Turing Oil into Salt
Open Fuel Standard
Energy Victory

wkh on August 26, 2013 at 6:18 PM

Growth Energy launches “You’re No Dummy” campaign
By Erin Voegele | August 26, 2013
*********************************

The latest advertisement can be viewed at http://www.YoureNoDummy.com

http://www.yourenodummy.com/

http://www.youtube.com/watch?v=fq732c0QIsM
******************************************

http://www.ethanolproducer.com/articles/10184/growth-energy-launches-youre-no-dummy-campaign

canopfor on August 26, 2013 at 6:19 PM

Ugh,try dis agains:

http://www.yourenodummy.com/
=============================

Big Oil Presents: Mr. Slick and Dummy
Growth Energy Growth Energy
***************************

http://www.youtube.com/watch?v=fq732c0QIsM

canopfor on August 26, 2013 at 6:22 PM

Burning our food merely annoys me

Destroying my engine pisses me off

2nd Ammendment Mother on August 26, 2013 at 6:33 PM

Take away the Iowa Caucus, and watch Ethanol-pork boondoggle wither away.

The GOP should get rid of the Iowa caucus regardless, it’s a blue state, and a big reason why is because politicians have promised the state every handout imaginable to compete there on the way to the White House.

It used to be a conservative state.

BradTank on August 26, 2013 at 6:46 PM

they are not entitled to use their influence to control Congress to maintain unbridled control over the transportation fuels marketplace,

But the rent seeking, anti-American garbage behind Big Gasohol should be able to force me to buy their sh*tty product?

God I truly hate rent seeking garbage. The lowest of the low, literally (in this case) taking food off the plates of poor children.

MNHawk on August 26, 2013 at 6:49 PM

The only ethanol fuel I support is Chivas Regal.

meci on August 26, 2013 at 6:59 PM

the wiki entry on state-run capitalism is interesting in that it describes the many flavors of it, and current and historical examples

the term has been around a long time

Murray Rothbard, a laissez-faire capitalist philosopher, uses the term interchangeably with the term state monopoly capitalism, and uses it to describe a partnership of government and big business in which the state intervenes on behalf of large capitalists against the interests of consumers.[39][40] He distinguishes this from laissez-faire capitalism where big business is not protected from market forces.

and many thoughtful people have weighed in on it

The term is not used by the classical liberals to describe the public ownership of the means of production. The Austrian School economist Ludwig von Mises explains the reason: “The socialist movement takes great pains to circulate frequently new labels for its ideally constructed state. Each worn-out label is replaced by another which raises hopes of an ultimate solution of the insoluble basic problem of Socialism—until it becomes obvious that nothing has been changed but the name. The most recent slogan is “State Capitalism.” It is not commonly realized that this covers nothing more than what used to be called Planned Economy and State Socialism, and that State Capitalism, Planned Economy, and State Socialism diverge only in non-essentials from the “classic” ideal of egalitarian Socialism.”[42]

which sounds right to me….and then there’s always Engels

Friedrich Engels, in Socialism: Utopian and Scientific, argued that state capitalism would be the final stage of capitalism, consisting of ownership and management of large-scale production and communication by the bourgeois state.[5]

r keller on August 26, 2013 at 7:45 PM

Read the book about ADM and get a flavor for the ethanol cartel; They made a bad movie about it called the Informant, but the book is interesting: http://www.amazon.com/The-Informant-A-True-Story/dp/0767903277

phillypolitics on August 26, 2013 at 8:02 PM

Read the book about ADM and get a flavor for the ethanol cartel; They made a bad movie about it called the Informant, but the book is interesting: http://www.amazon.com/The-Informant-A-True-Story/dp/0767903277

phillypolitics on August 26, 2013 at 8:02 PM

Yep; haven’t read the book, but damn, the movie was just complete crap.

slickwillie2001 on August 26, 2013 at 8:32 PM