Useful information and discussion about energy, including oil and gas, peak oil, hydrogen, alternative energy, ethanol and other biofuels, climate change, and geopolitics, from an experienced industry professional.
A service of GSW Strategy Group, LLC, providing foresight and insight in an uncertain world. Content Copyright 2004, 2005, 2006, 2007 and 2008 by Geoffrey S.W. Styles. All rights reserved. The views expressed here are solely those of the author.
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Ethanol Synergies and Subsidies
Posted on March 28, 2008
Many Americans have the mistaken idea that oil companies don't like ethanol. Perhaps this derives from the general lack of enthusiasm of oil companies for installing E-85 pumps in every gas station, or the sense that ethanol competes with oil and thus reduces oil company profitability. However, after a difficult transition away from MTBE, the industry's preferred fuel oxygenate, ethanol has generally turned out to be a good thing for oil companies--such a good thing, in fact, that we ought to rethink the rationale and mechanism for the 51 cent-per-gallon ethanol blenders credit.A year ago, in ...
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