Today in Biofuels Opinion: “If we got the prices we anticipated — high $3s — everybody would be happy. Ethanol would be cruising along just fine.”

July 14, 2008

Governor Arnold Schwarzenegger of California, commenting on the Bush administrations refusal to pursue carbon dioxide regulation under the Clean Air Act: “Well, to be honest with you, if they would have done something this year, I would have thought it was bogus anyway… because you don’t change global warming and you don’t really have an effect by doing something six months before you leave office. I think that the way they have done it is much better, because it just really means basically this administration did not believe in global warming, or they did not believe that they should do anything about it since China is not doing anything about it and since India is not willing to do the same thing, so why should we do the same thing.”

Keith Collins, former chief economist of the USDA, now a consultant to Kraft Foods: “We expected stronger prices for corn. If we got the prices we anticipated — high $3s — everybody would be happy. Ethanol would be cruising along just fine.”

Malaysia is “happy that crude palm oil is fetching high prices”, says Minister; palm biodiesel business stalled

In Malaysia, the government said that "We are happy that crude palm oil is fetching high prices". Palm oil has risen more than 60 percent this year, reaching an all-time high of $925 in late Novemb...

Today in Biofuels Opinion: “There are 21 farm states, and that’s 42 senators…They’re going to have ethanol.”

T Boone Pickens, reporting a conversation in 1996 with Bob Dole: "He said, "Ethanol is, you say it's a bad fuel." I said, "Come on Bob, you spend more money making it than importing it." And he said, ...

Biofuels Digest Indexâ„¢ up 0.38% today as Big Ethanol heads higher

The Biofuels Digest Indexâ„¢ (BDI), a basket of 21 major public biofuel stocks, rose 0.38% today to 101.32 as the market focused on sector-specific and company-specific news while awaiting the hig...

Today in Biofuels Opinion: “The RFS has caused feed ingredient prices to spiral out of control, inflicting extreme economic damage on food companies”

J. Clinton Rivers, CEO of Pilgrim's Pride: "We are extremely disappointed by the EPA's announcement that it has rejected Texas Governor Rick Perry's request for a partial waiver of the 2008 Renewable ...

Today in BIofuels Opinion: “We haven’t even begun to see the impact on the cost of food.”

Kent Barton, plant spokesman for Moroni Feed: "I don't believe consumers understand what's going to hit them next year. We haven't even begun to see the impact on the cost of food." Gary Truitt, Ho...

Today in Biofuels Opinion: “People who blame high food prices on US policies…are flat out wrong” says DOA Secretary; Tyson CEO, Mad Money’s Jim Cramer crusade against ethanol

A release by Poet quotes U.S. Secretary of Agriculture Ed Schafer:Â "Secretary Schafer said only about 25 percent of the corn crop goes to make ethanol and that the forces driving rising prices in ...

Written by Jim Lane · Filed Under Opinion