Today, Explained Biofuel duel
Aug 27, 2019
Nick Bowdish, President and CEO of Elite Octane and Siouxland Ethanol, dives into the contentious fallout of EPA biofuel waivers affecting Iowa farmers. He discusses the betrayal felt by corn growers amid shifting policies and the political implications for the upcoming Iowa primary. The conversation reveals how these waivers are straining rural communities and small ethanol producers, sparking outrage and potential realignment of voter sentiment. Bowdish also emphasizes the crucial need for accountability in energy policy that supports agricultural interests.
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Unexpected Call
- Humeyra Pamuk received an unexpected call about small refinery waivers, leading to a flurry of reactions.
- This unusual activity highlighted the significance of the EPA's decision.
Oil vs. Ag
- The EPA's decision to allow waivers lets oil refineries bypass ethanol blending requirements.
- This pits the oil industry against agriculture, impacting corn farmers and the president.
RFS and Waivers
- The Renewable Fuel Standard (RFS) requires oil refiners to blend biofuels, supporting corn farmers.
- The Small Refinery Waiver program allows exemptions, creating tension with the RFS and impacting corn demand.