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Joel Velasco

Entries by Joel Velasco

Lame Duck Congress Goes from Bad to Worse on U.S. Ethanol Policy

(0) Comments | Posted December 3, 2010 | 2:06 PM

Update: The Des Moines Register reports today that a tax agreement between congressional republicans and the White House will include an extension of the $5 billion dollar ethanol subsidies and double the tax on imported ethanol. The deal is a clear indication that the U.S. is intent on making...

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End of Ethanol Tariff & Subsidy Doesn't Mean the End of U.S. Ethanol

(0) Comments | Posted December 3, 2010 | 10:07 AM

Earlier this morning, Senator Chuck Grassley (R-Iowa) took to the chamber floor to make a last stand for extending the $6 billion per year ethanol subsidy and tariff that are set to expire on December 31st. The speech was rife with the same old hyperbole that has been debunked...

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Is Corn Ethanol a Dirty Word?

(1) Comments | Posted December 1, 2010 | 2:57 PM

With the release of two Senate “Dear Colleague” letters in roughly 24 hours, Washington is much abuzz about ethanol policy. Yesterday saw a bipartisan letter from Senators Dianne Feinstein (D-CA) and Jon Kyl (R-AZ) calling for an end to the ethanol tariff and subsidies – signed by 17...

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Two Important Letters May Help Make Ethanol Reform a Reality

(17) Comments | Posted December 1, 2010 | 2:40 PM

News last week that leading conservative Senators Tom Coburn (R-OK) and Jim DeMint (R-SC) joined former Vice President Al Gore in calling for ethanol policy reform sent ripples through the renewable energy world, which is closely eyeing the lame-duck session to see if Congress will extend the costly...

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What do Al Gore, Jim DeMint and Tom Coburn Have in Common?

(1) Comments | Posted November 23, 2010 | 1:43 PM

U.S. ethanol policy has been known to create some of the strangest bedfellows, but today's news may take the cake. With just days left on the legislative calendar and ethanol's $6 billion per year subsidies and trade protection at stake, leading conservative Senators Jim DeMint (R-SC) and Tom Coburn (R-OK)...

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25,000 Reasons Congress Should End the Ethanol Tariff

(4) Comments | Posted November 22, 2010 | 12:17 PM

With the lame-duck Congress back in session and a potential showdown brewing over ethanol policy, we knew this week offered a critical window of opportunity to send lawmakers the strongest message yet to end the $6 billion dollar per year subsidy handouts and finally stop blocking cleaner, more affordable alternative...

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Glaring Hypocrisy in U.S. Ethanol's Subsidized Exports

(6) Comments | Posted November 17, 2010 | 3:00 PM

With gas prices up nearly 8% since Labor Day, ethanol profits soaring and a lame-duck Congress mulling over potential energy legislation, news surfaced this week that may well put the $6 billion per year ethanol subsidies and tariff in final jeopardy. According to reports from CNN Money and...

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Another Blow to Ethanol Subsidies and Trade Protection from Iowa State

(0) Comments | Posted November 16, 2010 | 12:08 PM

As chatter increases inside the Beltway that some energy legislation may move forward during the lame-duck session, new research from the heart of the farm belt once again battered the economic case for extending the ethanol tariff and subsidies. A new report by Bruce A. Babcock, director of the Center...

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Deficit Commission Report a Sobering Reminder on U.S. Ethanol Policy Reform

(0) Comments | Posted November 11, 2010 | 2:59 PM

Former Sen. Alan Simpson and Erskine Bowles's deficit reduction proposal has drawn mixed reactions from both sides of the aisle for recommending sweeping cuts to federal programs. Regardless of where you stand on the report's recommendations, one of its main points serves as a sobering reminder that Congress must...

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Fiscal Responsibility and Bipartisanship are Easy to Achieve on Biofuels Policy

(1) Comments | Posted November 3, 2010 | 5:39 PM

As the dust settled on a midterm election that significantly altered the political landscape, voters sent a clear message that cutting the deficit and ending wasteful government spending should be top priorities for Congress. Americans will be watching closely to see if lawmakers got the message. Eliminating ethanol subsidies and...

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Vilsack Changes Tune on the Ethanol Tariff

(0) Comments | Posted October 28, 2010 | 2:55 PM

In what was billed as a major speech at the National Press Club last week, U.S. Department of Agriculture Secretary Tom Vilsack unveiled a laundry list of proposals designed to spur production and demand for biofuels. Along the way, he expressed the belief that "the [ethanol import] tariff is likely...

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Congress -- It's Easy to Save Taxpayers $6 Billion -- Cut Fuel Costs

(1) Comments | Posted September 22, 2010 | 1:16 PM

I am excited to share a new, brief video that explains how Congress could save taxpayers $6 billion per year and help lower prices at the pump. All lawmakers have to do is let 30 years of ethanol tax credits and trade protection expire on December 31. Read the full...

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After 30 Years of Federal Subsidies and Tariffs, Ethanol Can Go It Alone

(8) Comments | Posted August 31, 2010 | 12:54 PM

Corn-based ethanol has been America's leading biofuel for more than 30 years and has blossomed into a thriving business. American farms and refineries now generate half of all ethanol produced around the globe.

Despite being a mature and profitable industry, corn ethanol producers are lobbying hard to extend perks...

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