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Ethanol oversupply impact on Nebraska

nebraskaradionetwork.com -- March 14, 2012

Rising fuel prices is causing drivers to put the brakes on unnecessary trips. That is also having an impact on ethanol production in Nebraska. Troy Gavin with Midwest Renewable Energy is the general manager of ethanol plant near Sutherland and he tells us that is one reason but there is more to it than that. He says there were problems on the horizon when VEETC (Volumetric Ethanol Excise Tax Credit) expired in 2011. He says that created an oversupply in storage as ethanol was bought before that tax credit ended. He says they knew that would create an oversupply in storage and they are trying to work through that supply-demand imbalance.

Gavin says tanks are

http://nebraskaradionetwork.com/2012/03/14/ethanol-oversupply-impact-on-nebraska/

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Submitted Mar 15, 2012 By: Hy_Dro_Carbon

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BCM1 Champion Author Pennsylvania Posts:1,859 Points:782,020 Joined:Jun 2007	Message Posted: Mar 15, 2012 2:04:41 PM Ignore BCM1 Report Abuse Ethanol is bad period.
fullauto Champion Author Reading Posts:5,305 Points:1,469,140 Joined:Apr 2008	Message Posted: Mar 15, 2012 2:03:08 PM Ignore fullauto Report Abuse drink it.
bobsalwaysmt Champion Author Long Island Posts:4,649 Points:265,265 Joined:Oct 2007	Message Posted: Mar 15, 2012 2:02:59 PM Ignore bobsalwaysmt Report Abuse Ethanol is garbage!
Grismer Champion Author Kitchener-Waterloo Posts:8,519 Points:1,721,120 Joined:Apr 2008	Message Posted: Mar 15, 2012 1:56:51 PM Ignore Grismer Report Abuse With high and steadily increasing pump prices, average drivers have reduced consumption to make ends meet without any government help. Ethanol-gasoline blenders must either learn to make it without government subsidies or get out of the business of producing a product many drivers don't want.
Susieq60 All-Star Author Columbus Posts:969 Points:128,915 Joined:Sep 2011	Message Posted: Mar 15, 2012 1:55:59 PM Ignore Susieq60 Report Abuse interesting
paoli8 Champion Author Philadelphia Posts:7,076 Points:1,817,970 Joined:Jul 2007	Message Posted: Mar 15, 2012 1:55:39 PM Ignore paoli8 Report Abuse I vote for Obama as Americans worst president. He even beats pore old Jimmy Carter.
99cobra All-Star Author Omaha Posts:864 Points:1,099,765 Joined:Jul 2004	Message Posted: Mar 15, 2012 1:55:23 PM Ignore 99cobra Report Abuse Until a better, affordable alternative is found, Ethanol is the best option we have to gaining energy independance. Just look at the millions of out tax dollars that obama has thrown down the rat hole trying to fund all the alternatives. Like it was mentioned earlier, the market will dictate where this all goes. Keep the government and politics out of it. Every time they get involed, it ends up bad. [Edited by: 99cobra at 3/15/2012 1:55:58 PM EST]
CAD69 Champion Author Milwaukee Posts:3,186 Points:842,240 Joined:Nov 2010	Message Posted: Mar 15, 2012 1:55:11 PM Ignore CAD69 Report Abuse Just say no to corn based Ethanol!
w9med Champion Author Gary Posts:1,128 Points:327,845 Joined:Aug 2011	Message Posted: Mar 15, 2012 1:54:36 PM Ignore w9med Report Abuse Ethanol dives food prices up but yet we have too much ethanol stored?
pliskin Champion Author Syracuse Posts:6,066 Points:1,728,895 Joined:Apr 2005	Message Posted: Mar 15, 2012 1:52:52 PM Ignore pliskin Report Abuse Get rid of ethanol, it does little good for anyone save for the farmers that grow the corn! That along with the politicians that I'm sure are lining their pockets.
adgam Champion Author Orange County Posts:2,261 Points:500,660 Joined:Nov 2011	Message Posted: Mar 15, 2012 1:52:42 PM Ignore adgam Report Abuse ok
mister_russ Champion Author Florida Posts:1,171 Points:296,800 Joined:Aug 2005	Message Posted: Mar 15, 2012 1:52:22 PM Ignore mister_russ Report Abuse Hey guys - give me a break -
CapNC Veteran Author North Carolina Posts:390 Points:358,595 Joined:Jul 2011	Message Posted: Mar 15, 2012 1:51:19 PM Ignore CapNC Report Abuse Obamma, the worst president in the history of America - does nothing to help the people, only pushes theory
flatrock14 Champion Author Michigan Posts:2,635 Points:773,855 Joined:Oct 2010	Message Posted: Mar 15, 2012 1:51:10 PM Ignore flatrock14 Report Abuse get busy
AcuraTSX Champion Author Ohio Posts:5,478 Points:2,179,205 Joined:Dec 2005	Message Posted: Mar 15, 2012 1:48:34 PM Ignore AcuraTSX Report Abuse Corn for food. Not fuel.
RickF350 Champion Author Washington Posts:3,408 Points:705,050 Joined:Apr 2008	Message Posted: Mar 15, 2012 1:47:27 PM Ignore RickF350 Report Abuse They should pour it down the drain.
deaconjones Champion Author Cleveland Posts:2,119 Points:318,255 Joined:May 2006	Message Posted: Mar 15, 2012 1:47:15 PM Ignore deaconjones Report Abuse three cheers for obama...his policies are definetly working....
123cowboy Champion Author Maine Posts:1,833 Points:403,570 Joined:Mar 2011	Message Posted: Mar 15, 2012 1:47:02 PM Ignore 123cowboy Report Abuse bad idea to begin with...
humblepie Champion Author Toledo Posts:34,089 Points:2,368,445 Joined:Mar 2006	Message Posted: Mar 15, 2012 1:46:24 PM Ignore humblepie Report Abuse facts of life, dont make them any easier.
oldiesman Champion Author New York Posts:6,412 Points:2,190,935 Joined:May 2006	Message Posted: Mar 15, 2012 1:46:22 PM Ignore oldiesman Report Abuse All I know is prices are going up and Obama will soon tap the reserves to bring it down for his re-election. This is the worst President of ALL TIME!
CQQKIE All-Star Author Illinois Posts:970 Points:348,915 Joined:Jul 2008	Message Posted: Mar 15, 2012 1:44:22 PM Ignore CQQKIE Report Abuse ok.
JoviI8DbVZbOBdH Sophomore Author San Francisco Posts:156 Points:36,225 Joined:Jan 2012	Message Posted: Mar 15, 2012 1:43:04 PM Ignore JoviI8DbVZbOBdH Report Abuse no unexpected
badspots Champion Author Houston Posts:2,079 Points:673,445 Joined:Feb 2011	Message Posted: Mar 15, 2012 1:42:15 PM Ignore badspots Report Abuse Ok.
niceguytx Champion Author Houston Posts:13,685 Points:2,710,810 Joined:Sep 2005	Message Posted: Mar 15, 2012 1:41:26 PM Ignore niceguytx Report Abuse Let markets drive choices, not government policies and market interference.
AnObserver Champion Author New Jersey Posts:8,344 Points:2,255,830 Joined:Sep 2005	Message Posted: Mar 15, 2012 1:40:55 PM Ignore AnObserver Report Abuse Perhaps we shouild stop producing so much ethanol and feed people with the Nebraska corn
rick_evans Champion Author Boston Posts:3,709 Points:1,030,805 Joined:Aug 2005	Message Posted: Mar 15, 2012 1:36:16 PM Ignore rick_evans Report Abuse shocking
JCI46009IN Champion Author Indiana Posts:2,129 Points:439,570 Joined:Sep 2011	Message Posted: Mar 15, 2012 1:35:39 PM Ignore JCI46009IN Report Abuse I'd rather drink it..........
Red7002011 Champion Author Mississippi Posts:3,312 Points:665,570 Joined:Jul 2011	Message Posted: Mar 15, 2012 1:35:10 PM Ignore Red7002011 Report Abuse Really!
checkum Champion Author St. Louis Posts:7,581 Points:1,472,090 Joined:Jan 2008	Message Posted: Mar 15, 2012 1:34:43 PM Ignore checkum Report Abuse just about everything the government touches proves how out of touch they are with the people they are supposed to SERVE not dictate too!
yeehaw1073 Champion Author Indiana Posts:2,341 Points:1,847,275 Joined:May 2004	Message Posted: Mar 15, 2012 1:31:36 PM Ignore yeehaw1073 Report Abuse Any ethanol that is not bottled and measured by proof is oversupply...
DrLyon Champion Author Michigan Posts:6,640 Points:1,208,430 Joined:May 2006	Message Posted: Mar 15, 2012 1:31:12 PM Ignore DrLyon Report Abuse So use it in local beer production....
GaSrt8 Veteran Author Georgia Posts:331 Points:397,580 Joined:Nov 2011	Message Posted: Mar 15, 2012 1:30:11 PM Ignore GaSrt8 Report Abuse I agree with Repeater1
jpj23 Champion Author Los Angeles Posts:5,695 Points:1,096,675 Joined:Jul 2008	Message Posted: Mar 15, 2012 1:27:58 PM Ignore jpj23 Report Abuse Gee, poor Nebraska! You and the other grain states got Congress and the EPA to mandate ethanol in our cars without our consent and subsidized your ethanol industry with our tax dollars (again without consent), which decreased our fuel mileage (because ethanol doesn't have as much energy per gallon as gasoline), increased food prices and did nothing to lower the cost of fuel at the pump. Are we supposed to feel sorry for Nebraska. I'd shed some crocodile tears but I think it's only fair that the grain-states provide me with a subsidy first.
repeater1 Champion Author Topeka Posts:8,288 Points:2,362,895 Joined:Oct 2005	Message Posted: Mar 15, 2012 1:23:32 PM Ignore repeater1 Report Abuse There shouldn't have been a subsidy for them in the first place.
ScottTee Champion Author Detroit Posts:4,371 Points:1,059,695 Joined:Mar 2010	Message Posted: Mar 15, 2012 1:22:50 PM Ignore ScottTee Report Abuse OK, so now what? [Edited by: ScottTee at 3/15/2012 1:24:32 PM EST]
19sheldon43 Champion Author Los Angeles Posts:3,979 Points:843,010 Joined:Jul 2009	Message Posted: Mar 15, 2012 1:20:37 PM Ignore 19sheldon43 Report Abuse Were sitting on an ocean of oil lets go after it
DTroytNC Veteran Author Charlotte Posts:366 Points:62,510 Joined:Jan 2012	Message Posted: Mar 15, 2012 1:19:52 PM Ignore DTroytNC Report Abuse More wasted tax subsidies for a resource which is not ready for prime time. What about developing CNG production?
DaisysMomNC All-Star Author North Carolina Posts:959 Points:200,850 Joined:Jan 2012	Message Posted: Mar 15, 2012 1:19:40 PM Ignore DaisysMomNC Report Abuse Get the government out of this and let normal trade and demand work. Too many subsidies!!
dchiou Champion Author San Jose Posts:2,811 Points:790,190 Joined:Feb 2007	Message Posted: Mar 15, 2012 1:19:24 PM Ignore dchiou Report Abuse ok
CatMan623 Champion Author Houston Posts:16,345 Points:2,341,095 Joined:Aug 2006	Message Posted: Mar 15, 2012 1:19:18 PM Ignore CatMan623 Report Abuse Drink ethanol, don't burn it...
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Mar 15, 2012 1:18:54 PM Ignore Jeeputtputt Report Abuse got that rite.....
BudsterMO Champion Author Kansas City Posts:3,695 Points:700,255 Joined:Aug 2009	Message Posted: Mar 15, 2012 1:18:44 PM Ignore BudsterMO Report Abuse The corn farmers need to ween themselves off of the Federal subsidy trough that kept them eating high on the hog (pun intended) for the last 30 years with the $.45 cents per gallon of ethanol subsidy that ended 1/1/2012. Corn is for feeding people and animals, not ethanol.
ciimike Champion Author Nevada Posts:4,638 Points:1,061,310 Joined:Aug 2005	Message Posted: Mar 15, 2012 1:18:18 PM Ignore ciimike Report Abuse Ethanol should not be forced upon the US consumer. Give it to the utility companies to generate electricity with.
colaguy Champion Author Columbia Posts:3,166 Points:1,006,150 Joined:Oct 2008	Message Posted: Mar 15, 2012 1:17:51 PM Ignore colaguy Report Abuse ok
greenfog Champion Author Illinois Posts:6,475 Points:1,636,095 Joined:Feb 2008	Message Posted: Mar 15, 2012 1:13:19 PM Ignore greenfog Report Abuse the farmers wanted this ethanol to get higher corn prices. let them run it in their own equipment.
2granny Champion Author Michigan Posts:9,560 Points:1,463,330 Joined:Apr 2009	Message Posted: Mar 15, 2012 1:11:48 PM Ignore 2granny Report Abuse Corn Ethanol is not the answer.
GoLancer4 Champion Author Ohio Posts:1,787 Points:438,515 Joined:Sep 2011	Message Posted: Mar 15, 2012 1:11:00 PM Ignore GoLancer4 Report Abuse okay
1Casey Champion Author Albany Posts:6,513 Points:1,789,135 Joined:Jun 2004	Message Posted: Mar 15, 2012 1:10:30 PM Ignore 1Casey Report Abuse ?
gasper Champion Author Edmonton Posts:4,480 Points:1,367,335 Joined:Mar 2002	Message Posted: Mar 15, 2012 1:07:45 PM Ignore gasper Report Abuse They were greedy buy taking government money before the tax credit was dropped and storing an over supply and now they are crying because tax payers were not happy with food for fuel program. I guess they will be asking for help to get tax payer cash in other ways.
firechief Champion Author New York Posts:3,426 Points:2,063,125 Joined:Mar 2004	Message Posted: Mar 15, 2012 1:06:52 PM Ignore firechief Report Abuse ETHANOL SUCKS!
marinedad1949 Champion Author Lancaster Posts:2,476 Points:501,170 Joined:Nov 2011	Message Posted: Mar 15, 2012 1:06:41 PM Ignore marinedad1949 Report Abuse I agree, get rid of fuel ethanol!
rjhenn Champion Author Des Moines Posts:22,419 Points:2,226,900 Joined:Aug 2005	Message Posted: Mar 15, 2012 1:06:22 PM Ignore rjhenn Report Abuse So shouldn't the cost of corn be going down?