Thursday, March 21, 2013 1:39:26 PM
ACE Executive Vice President Brian Jennings today responded to Big Oil's latest attack on the Renewable Fuel Standard.
"The RFS is not about the oil industry's comfort; it is about providing cleaner American-made alternatives to consumers," said Jennings. "The RFS costs taxpayers nothing and is doing exactly what Congress intended; saving consumers money at the pump and providing them access to affordable blends such as E15. The RFS is also disrupting the lucarative choke-hold oil companies have on the market. As a result, Big Oil is desperate to repeal the RFS this year."
"With respect to the Renewable Identification Numbers (RINs), every time a refiner blends a gallon of gasoline, they get a RIN for free. When they purchase more ethanol than the annual RFS obligation, RINs are a reward and provide value to them. The fact there are 2.5 billion excess RINs available for use in 2013 is proof that over-compliance has been commonplace with oil companies. Refiners only have to buy RINs if they refuse to follow the law, and that's what this is about - they have had more than six years to evolve and comply with the law, but have refused to adapt and change. Most refiners are trying to keep an oversupply of RINs on hand, to be sure that they are able to control the marketplace. The current Big Oil hue and cry isn't about ethanol supply; it is fear of actual competition," said Jennings.
http://americancoalitionforethanol.createsend4.com/t/ViewEmail/t/21BB9992A8202C65/C188511ADAE7E2FF2540EF23F30FEDED
Good Luck To All!$!$!$!$!$!$!$!$
Recent GPRE News
- Green Plains to Participate in BMO Global Farm to Market Conference • Business Wire • 05/07/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 08:13:31 PM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 05/06/2024 08:41:28 PM
- Green Plains Reports First Quarter 2024 Financial Results • Business Wire • 05/03/2024 10:55:00 AM
- Green Plains to Host First Quarter 2024 Earnings Conference Call on May 3, 2024 • Business Wire • 04/18/2024 08:05:00 PM
- Green Plains Releases 2023 Sustainability Report • Business Wire • 04/09/2024 12:30:00 PM
- Green Plains Unveils New Specialty Feed Ingredient Brand • Business Wire • 04/04/2024 12:30:00 PM
- Green Plains Begins Commissioning of the Demonstration Facility Combining Fluid Quip Technologies’ MSC™ with Shell Fiber Conversion Technology • Business Wire • 03/25/2024 12:15:00 PM
- Green Plains to Participate in 36th Annual ROTH Conference • Business Wire • 03/11/2024 08:15:00 PM
- Green Plains to Participate in Bank of America 2024 Global Agriculture and Materials Conference • Business Wire • 02/21/2024 09:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:24:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:20:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:17:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:14:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:12:02 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/20/2024 09:28:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 09:38:11 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 11:52:30 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/09/2024 08:11:28 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 02/07/2024 09:24:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 01:45:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 11:57:46 AM
- Green Plains Reports Fourth Quarter and Full Year 2023 Financial Results • Business Wire • 02/07/2024 11:55:00 AM
- Green Plains to Host Fourth Quarter and Full Year 2023 Earnings Conference Call on February 7, 2024 • Business Wire • 01/25/2024 09:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/12/2024 09:10:20 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM