DEBATE OVER MANDATING BIODIESEL
AG, OIL INTERESTS FACE OFF
AG, OIL INTERESTS FACE OFF
House Transportation Cmt. Proceeds With Caution
Petroleum Pipeline Company: "Don't force us to make a bad investment."
Soybean Association: "We add to fuel supply, while reducing the cost of feed for famers, as well as food for consumers."
Rep. Charlie Denison: "I'm not sure this bill will get us a lower price in diesel fuel."
MINNESOTA THE ONLY OTHER STATE WITH SIMILAR MANDATE . . .
. . . and Diesel Has Proven to be Cheaper Than Biodiesel Every Day, according to Magellan Midstream Partners
WATCH MY KY3 NEWS @ 6 REPORT HERE
Petroleum Pipeline Company: "Don't force us to make a bad investment."
Soybean Association: "We add to fuel supply, while reducing the cost of feed for famers, as well as food for consumers."
Rep. Charlie Denison: "I'm not sure this bill will get us a lower price in diesel fuel."
MINNESOTA THE ONLY OTHER STATE WITH SIMILAR MANDATE . . .
. . . and Diesel Has Proven to be Cheaper Than Biodiesel Every Day, according to Magellan Midstream Partners
WATCH MY KY3 NEWS @ 6 REPORT HERE
The arguments FOR the 5% biodiesel mandate: Reducing the carbon footprint, biofuels lower the price of gas by 15% according to Merill Lynch, crushing soybeans will help make farmer feed more economical, mandate only kicks in if price of biodiesel blend is lower than diesel, mandate would bring uniform standards to biofuel and improve quality, boon to soybean industry struggling with new trans-fat standard in foods, would open the market to challege oil companies hold on market.
The arguments AGAINST the 5% mandate: Mandates distort the free-marketplace, costs too high to put infastructure in place to handle biodiesel blend, biodiesel proven to be very expensive, and therefore never may be used, private companies may decide to forgo costs and stop shipping or selling diesel altogether, if a terminal runs out of biodiesel - what do you do?, too much is still unknown about the price of biodiesel and its stability, companies forced to comply with mandate may pass cost on to the consumer.
The arguments AGAINST the 5% mandate: Mandates distort the free-marketplace, costs too high to put infastructure in place to handle biodiesel blend, biodiesel proven to be very expensive, and therefore never may be used, private companies may decide to forgo costs and stop shipping or selling diesel altogether, if a terminal runs out of biodiesel - what do you do?, too much is still unknown about the price of biodiesel and its stability, companies forced to comply with mandate may pass cost on to the consumer.
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