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Re: DHOLE post# 14289

Friday, 06/17/2011 12:28:35 AM

Friday, June 17, 2011 12:28:35 AM

Post# of 52841
they voted again today --- it passed, initially--- obama said he will veto a full repeal. an article in the christian science monitor says they dont expect it to matter much:

"The Senate vote on repealing tax subsidies for ethanol producers has big political ramifications, but the impact on the industry could be minimal. A continuing federal mandate that requires refiners to blend ethanol into gasoline provides adequate support for producers, experts say."

seems to me if production stays the same, gers royalties would be even less effected but thats just my speculation.

here's a 2010 report from the cbo that may explain the government theories behind the vote in detain if you want to figure it out yourself: [url][/url][tag]http://www.cbo.gov/ftpdocs/114xx/doc11477/07-14-Biofuels.pdf[/tag]