|
I'm actually pretty neutral on this, even as an Ethanol fan/supporter. On one hand we're not going to be subsidizing Ethanol Exports which is good/bad depending on how you look at it. Which also means no Ethanol subsidy to Gasoline blenders which is mostly bad since most blenders are Oil refineries not Ethanol plants or even Fueling Stations. As if demand for E85 wasn't already threatening enough, Ethanol supporters were already looking at eliminating E85 pumps for E15-E20 for regular cars.
This is a negative point for blender pumps since they could take advantage of the blending credit and sell Ethanol quite a bit cheaper than a station with a dedicated E85 only pump. But blender pumps are expensive and extremely rare, more so than E85 pumps.
Note that the only subsidy that expired was the VEETC, the 54 cent per gallon of Ethanol tax credit, and the "tariff" on imported Ethanol. This was the biggest single subsidy.
__________________
-Allch Chcar
|