E15 and Iran Confict
From the Ag Information Network, I’m Bob Larson. The Iran-Middle East Conflict has given another argument FOR Congress to quickly approve year-round E15 sales …
BREDENKAMP … “It just speaks to the need for us to take every action we can to insulate ourselves from these kinds of geopolitical-induced price spikes.”
And with rising oil and gas prices now fueled by the conflict, Renewable Fuels’ Troy Bredenkamp says Congress needs to approve year-round E15 sales …
BREDENKAMP … “If it were to be adopted nationally, it would remove or displace almost half of the volume that is coming from OPEC countries.”
While boosting corn demand as war fuels higher input costs …
BREDENKAMP … “At probably the worst time possible, you’re going to see input prices going up, as well, for the American farmer.”
But ethanol’s E15 war with mid-size refiners isn’t over despite the president’s backing of year-round sales …
BREDENKAMP … “Mid-size refiners, in particular, will have a very comfortable margin, regardless of what’s happening in the Middle East.”
But not the consumer, which is where year-round E15 comes in …
BREDENKAMP … “Every additional percentage of ethanol that could be blended into gasoline is going to lower the price at the pump. That is our story…that is the one we will be trying to get through to Congress, and the need to get year-round E15 done.”
But not as part of the farm bill, though Bredenkamp expected someone to try.
