earthling1st
Champion Author
Illinois
Posts:2,465
Points:525,250
Joined:Apr 2010
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Message Posted: May 18, 2010 7:12:48 AM
no more subsidies for ethanol or fossil fuels. support only fundamental research in all energy resources, including efficiency and conservation life-styles.
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Tundralimited2009
Champion Author
Dallas
Posts:38,812
Points:1,447,425
Joined:Feb 2009
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Message Posted: May 16, 2010 9:13:21 AM
The gov't is trying to raise "Ethanol" by another 5%.
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Shockjock1961
Champion Author
Illinois
Posts:20,118
Points:2,185,160
Joined:Apr 2006
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Message Posted: Apr 28, 2010 4:02:42 PM
"Moreover, this demonstrates a point I've been making for a long time. It's a lot easier to expand the fuel supply by distilling more ethanol than it is by increasing petroleum refining."
Sure, as long as you have the taxpayer paying for it...
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CrazgsupS
All-Star Author
San Diego
Posts:516
Points:55,940
Joined:Mar 2010
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Message Posted: Apr 28, 2010 11:37:23 AM
new industry rising!
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ss70
Champion Author
Detroit
Posts:9,662
Points:1,870,100
Joined:Sep 2005
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Message Posted: Apr 28, 2010 9:15:41 AM
Not sure how much of ethanol Valero would sell as e85. I hope they would not go after jusr mixing 10 or 15% depending on feds. I hope they will put Blender pumps in atleast few places .
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aRBy
Veteran Author
Grand Rapids
Posts:447
Points:300,930
Joined:May 2005
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Message Posted: Apr 28, 2010 8:36:41 AM
This is not necessarily a bad thing. Valero isn't the biggest petroleum company.
Moreover, this demonstrates a point I've been making for a long time. It's a lot easier to expand the fuel supply by distilling more ethanol than it is by increasing petroleum refining. This is especially true since there are ethanol distilleries that can be bought cheaply right now.
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SilverStreaker
Champion Author
Twin Cities
Posts:11,939
Points:2,216,540
Joined:Mar 2006
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Message Posted: Apr 28, 2010 8:15:11 AM
mus302 says "I guess by your logic if Valero bought a wildlife conservation area then big oil/wildlife conservation one in the same?"
Good point. SuperAmerica owns their own bakery, so big oil and big food must also be the same by RedRider's logic.
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mus302
Champion Author
Knoxville
Posts:1,594
Points:122,685
Joined:Jan 2007
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Message Posted: Apr 27, 2010 11:50:58 PM
I guess by your logic if Valero bought a wildlife conservation area then big oil/wildlife conservation one in the same?
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geoutpb
Champion Author
Midland Odessa
Posts:4,628
Points:1,067,285
Joined:Dec 2006
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Message Posted: Apr 27, 2010 4:59:16 PM
smart move by valero, ethanol is here to stay.
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CORNHICK
All-Star Author
Omaha
Posts:597
Points:270,505
Joined:May 2008
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Message Posted: Mar 12, 2010 6:42:59 PM
this is a very good investment on their part
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chemist74
Champion Author
Cleveland
Posts:13,510
Points:2,395,980
Joined:Apr 2005
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Message Posted: Mar 12, 2010 7:19:26 AM
Valero is probably assuming the federal laws on ethanol use as fuel will not change.
Current laws require the oil companies to increase the total amount of ethanol used as fuel over time and the law does not give consideration to the ethanol price. If the law does not change, the oil companies will be forced to buy the ethanol no matter what the price and they will just pass the cost on to the public. If oil companies also own much of the ethanol plants, they can charge high prices for the ethanol and Congress will force us to pay it in order to get gas.
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DrLyon
Champion Author
Michigan
Posts:6,650
Points:1,211,830
Joined:May 2006
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Message Posted: Feb 11, 2010 9:49:39 AM
They are not just in Ethanol for fun.
They think there is profit, perhaps they know what they are doing...
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chemist74
Champion Author
Cleveland
Posts:13,510
Points:2,395,980
Joined:Apr 2005
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Message Posted: Jan 2, 2010 8:27:07 AM
Most of the start-up companies that went into the fuel ethanol area knew nothing about running a business and thus went bankrupt.
Valero believes they will eventually be able to run them at a profit. The other option would be to tear down the plants and sell them as scrap but that would mean that there would not be much ethanol available in the future.
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nurdco
Champion Author
Colorado Springs
Posts:9,238
Points:1,695,385
Joined:Apr 2008
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Message Posted: Dec 19, 2009 9:00:24 AM
They will profit from both ends and lower their own operating costs
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chemist74
Champion Author
Cleveland
Posts:13,510
Points:2,395,980
Joined:Apr 2005
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Message Posted: Dec 19, 2009 8:36:03 AM
Some areas already require the use of E10 and federal government passed laws that require increased consumption over the next few years of ethanol as fuel. Since there is a guaranteed market for a certain amount of ethanol and ethanol competes with the gasoline they produce in their refineries, Valero is guaranteeing their ethanol supply and that they will benefit if increased ethanol use displaces some of their sale of normal gasoline.
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Focus2
Champion Author
Illinois
Posts:7,892
Points:1,919,340
Joined:Mar 2006
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Message Posted: Dec 18, 2009 3:53:23 PM
Valero is gambling, 7 come on 11. No its a total of 10 now I think. They are counting on getting all the government subsidies plus the pay out to mix it with their gasoline. These mandates were increased by George Bush for the coming years. Valero got the other seven plants for just a fraction of their cost to build something like just a third.
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