Today in Biofuels Opinion: “Tesoro didn’t see this market shift coming and is now trying to gum up the works based on a feigned and disingenuous concern about climate change and food prices.”

Brooke Coleman, New Fuels Alliance, on a suit by Tesoro to turn back higher ethanol blending requirements: “This a blatant attempt by Tesoro to try to use the regulatory and legal process to gain competitive advantage in the market place. Other oil companies are moving toward increased ethanol use to extend gasoline supply, lower cost, and even increase profits. Tesoro didn’t see this market shift coming and is now trying to gum up the works based on a feigned and disingenuous concern about climate change and food prices.”

Ed.z, in Technocrat.net: “Old crop inventories for corn totaled 1.62 billion bushels as of Sept. 1, up 25% from a year ago, the U.S. Department of Agriculture reported Tuesday.. To make this more clear, that is last years crop *surplus* still sitting around in huge piles unsold, despite all the ethanol production…The food prices and shortages have been caused by massive speculation driving up the prices, *not* by supply constraints.”

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