Twilight in the Corn Belt?
"The undersigned diverse group of business associations, hunger and development organizations, taxpayer advocates, agricultural groups, religious organizations, environmental groups, budget hawks, and public interest organizations urge you to allow the refundable Volumetric Ethanol Excise Tax Credit (VEETC) to sunset this year.
"At a time of spiraling deficits, we do not believe Congress should continue subsidizing gasoline refiners for something that they are already required to by the renewable fuels standard…"
Letter to U.S. House and Senate leaders From the so-called Friends of the Earth
Nov. 29, 2010
“Allowing the provisions to expire or remain expired would threaten jobs, harm the environment, weaken our renewable fuels industries and increase our dependence on foreign oil…”
Letter to U.S. Senate Leaders
Senators Chuck Grassley, R-IA and Kent Conrad, D-ND
Dec. 1, 2010
Now that Al Gore has admitted his “mistake,” the U.S. ethanol industry finds itself at the center of what is setting up to be one ugly political spectacle. In the weeks ahead, as politicos on both ends of the ideological spectrum trip over themselves to pander to the least common denominators in their respective districts, Big Ethanol will have a bounty placed on its head.