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Re: jobynimble post# 47595

Thursday, 10/11/2018 5:11:08 PM

Thursday, October 11, 2018 5:11:08 PM

Post# of 52852
At the rally, Trump kept his word. He said he understands ethanol, that it's a good fuel. He approved year-round E15 because oil prices are too high. He said it's important to our farmers, jobs and economy.

A lot of issues the industry is having are due to (Pruitt's) RIN waivers given to profitable oil companies. It's taken away billions of gallons of ethanol demand and as a result, we have bloated supplies and $1.32 ethanol. Scott Pruitt is gone and Trump is providing transparency to the RIN market.

I think this approval will get a lot of fuel retailers off the fence. Clarity and confidence to install E-15 pumps and no more hassle of changing labels at the pumps twice a year.

I'm disappointed with ethanol companies. They've fallen behind on innovation. I don't understand why every ethanol producer in the country isn't extracting oil with method 2 and/or producing biodiesel. Instead, they pass this value on to biodiesel producers and big oil companies. The stock price of biodiesel companies has tripled since 2014 (the year I took a break and stopped supporting the ethanol industry). Ethanol stocks have since lost 2/3 or more in value.

Ethanol producers picked the wrong battles, alienated investors as well as the very few allies they had. Fighting over $1 when there's a $100 bill in front of their face. So much wasted time locking horns with big oil. Why not focus on educating consumers and innovating to stay competitive instead?

Ethanol producers wasted too much money, time & energy fighting GERS and they're not making much money. They're not disciplined on production and not moving quickly enough too improve the value of distillers grains through various commercially available methods.

Ethanol plants are a lot like oil refineries. Both can produce gas, diesel, plastics and chemicals. The industry hasn't made it too far past gas/ethanol and that's a shame.

GERS and ATIS will prove to be a powerful combination. If you're going to produce biofuels, you need to actually make money.

Good Luck To All!$!$