GoGreen - that's funny. The 15 billion mandate is set yearly and graduates. It is 12 billion for 2011. As of October, the US has exported 404 million liters or about 100 million gallons. Small it may seem, but that is a triple from 2010 - so you can see where it's going. And, the 15 bln mandate is the mandate, not the ceiling. Currently US blenders produce over 160 billion gallons of blended fuel for 2011. With E10 mandate firmly in place, ethanol is firmly with us. Also, benders reported that with ethanol, blended gasoline actually costs $0.17 less. That is why even the ethanol producers are saying the subsidy is immaterial right now.
**On question though from you post - If you're not investing one way or the other on PEIX - do you have that much time to waste on the baord -or are you waiting for it to come lower?
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