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The fight over E15 is not over yet

The Environmental Protection Agency has given the approval for retailers to sell 15% ethanol blended fuel. The fuel we purchase at most gas stations around the country today already has 10% ethanol mixed in. The EPA and other supporters of the plan have wanted to add an additional 5% ethanol to the fuel mix for cars built after 2001.
"Today, the last significant federal hurdle has been cleared to allow consumers to buy fuel containing up to 15 percent ethanol (E15)," said Agriculture Secretary Tom Vilsack. "This gets us one step closer to giving the American consumer a real choice at the pump. The public has a right to choose between imported oil and home-grown energy and today’s action by the Environmental Protection Agency (EPA) advances that goal."
The goal of the plan is to help reduce the dependence on foreign oil by using ethanol derived from corn.
“In the eyes of the federal government, E15 is a legal fuel for sale to cars, pickups, and SUVs made since 2001,” said RFA President and CEO Bob Dinneen. “With all i’s dotted and t’s crossed as far as EPA is concerned, our undivided focus will turn to addressing state regulatory issues, identifying retailers wishing to offer E15, and paving the way to greater use of domestically produced ethanol."
There are still other issues that have to be overcome before E15 makes it to pumps. These issues include pending litigation and threats from Washington. The U.S. House of Representatives has previously threatened to block the EPA's plans to force E15 sales at stations around the country. Many still argue that the use of E15 could cause millions of dollars in damage to engines in vehicles around the country.
One of the organizations opposing the rollout of E15 is the Outdoor Power Equipment Institute or OPEI. According to OPEI, government tests show that E15 is harmful to outdoor power equipment, boats, marine engines, and other non-road engine products. Adding an additional option at the pump could confuse consumers leading to misfueling and damage of engines according to OPEI.
"For the first time in American history, fuel used for some automobiles may no longer safe for any non-road products. It may, in fact, destroy or damage generators, chain saws, utility vehicles, lawn mowers, boats and marine engines, snowmobiles, motorcycles, ATVs, and more," says Kris Kiser, President and CEO of the Outdoor Power Equipment Institute, one of the industry groups who have been sending warnings to the federal government about E15.
Keiser added, "[The] EPA purports to educate tens of millions of Americans using hundreds of millions of engine products, asserting it will educate these users with a 3 inch by 3 inch pump label. It's frighteningly inadequate."
Some major automakers also argue E15 could harm engines in cars and trucks as well.

Sources: Autoblog, Wisconsin Ag Connection

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RE: retarded
By polishvendetta on 6/19/2012 12:52:17 PM , Rating: 0
I already own a house. If my house is worth $300k and I sell it tomorrow and get $300k for it, I can buy a similar house for a similar price. If we tore down a bunch of old houses to reduce supply and it raised the value of my house to $600k, it doesn't really hurt me since I can sell my house for $600k and then buy a similar house for $600k.

However it hurts those who are looking to buy their first house. If they're having trouble securing a loan to buy a $300k house, how in the world will they afford a $600k house?

This kind of logic always blew my mind. Since when as americans are we entitled to own our own home? If a family cant afford a $300k then maybe they should look at $200k homes, hell you can get a pretty decent house for around $150k in my area. And if after all that they still cant get a house then... just wait longer?

People are being brainwashed into thinking that owning a home is such a great investment that they should risk their entire financial future trying to get one.

I miss the days when people worked hard for what they have and didnt complain about it. Then again during those days we didnt have a government trying to turn a major food crop into an energy source.

RE: retarded
By gamerk2 on 6/19/12, Rating: -1
RE: retarded
By Ringold on 6/19/2012 6:29:06 PM , Rating: 2
Huh? That's exactly what happened; the government and Fed-inflated bubble burst, and the market corrected itself. People like the ride up but never the ride down, but we should think of that as a society before we create conditions conducive to asset bubbles, even if the ideas behind those policies are seemingly well-intended.

In the long run, markets always self correct, be it in the form of the housing crash, or in the form of the USSR falling apart, or the fall of Rome. The more the manipulation, the bigger the implosion.

RE: retarded
By 91TTZ on 6/19/2012 3:47:54 PM , Rating: 3
If a family cant afford a $300k then maybe they should look at $200k homes, hell you can get a pretty decent house for around $150k in my area. And if after all that they still cant get a house then... just wait longer?

But if they bulldoze houses, then the price of ALL houses goes up. A pretty decent house in your area for $150k would no longer be $150k since bulldozing houses limits options and artificially raises prices.

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