Results tagged bloomberg

Outsider Club: The U.S. Ethanol Problem

Fefiners in the U.S. are required to blend gasoline with ethanol, and that compliance cost has already risen more than ten times what it was at the beginning of this year.

Bloomberg: Ethanol Credits’ Drop Scant Relief for Refiners: Energy Markets

Even after yesterday’s 14 percent decline, the price U.S. refiners are paying to comply with a 2007 law that requires companies to blend ethanol with gasoline is at least 10 times more than at the start of the year.

Bloomberg: Biofuel Makers Seek to Ease Mandates to Avert Congress

Makers of some renewable fuels are asking the federal government to ease quotas for use of their products in a bid to head off a congressional overhaul of a program that refiners say is driving up costs at the pump.

Bloomberg: The Challenge of Feeding 9 Billion People

Last year the price of the most important food crop fell 20 percent in anticipation of bountiful harvests. Then the dought hit and corn and soybean prices in the U.S. reached record highs in anticipation of what proved to be the smallest corn and soybean harvests in six and nine years, respectively.