Trump to announce pro-ethanol measure on Tuesday ahead of Iowa trip -sources

[highplainsdem]

Source: Reuters/CNBC

President Donald Trump is expected to announce the lifting of a federal ban on summer sales of higher-ethanol blends of gasoline on Tuesday in Washington DC ahead of a trip to Iowa the same day, according to two sources familiar with the planning of the event.

The move, expected sometime around 3 p.m. on Tuesday, is aimed at helping Republicans in competitive elections in the nation's farm belt. Iowa is the largest U.S. producer of ethanol.

The lifting of the summer ban on so-called E15 gasoline is expected to be coupled with restrictions on trading biofuel credits that underpin the program, the sources said, but it's unclear whether the restrictions will be detailed or left up to the U.S. Environmental Protection Agency to decide.

The American Petroleum Institute, the largest U.S. oil group, opposes lifting the ban, which will eat into the industry's market share of gasoline sales. The move also faces bipartisan opposition in congress.

-snip-

Read more: https://www.cnbc.com/2018/10/07/reuters-america-trump-to-announce-pro-ethanol-measure-on-tuesday-ahead-of-iowa-trip-sources.html

[Socal31]

1. Kavanaugh is going to be very disappointed that this article is not about what he thinks it is.

[DemoTex]

3. Beverage Etoh!

[SWBTATTReg]

2. Also will dig into feed stocks used to feed our livestocks too, thus food costs will go up ...

for the average consumer, by diverting feed corn used for feeding livestock into ethanol production. I am assuming that the same kind of corn is used in both processes (?).

[3Hotdogs]

4. ---and it ain't good for your car engine either.