Republican Platform Plank Would End Ethanol Mandates. By Daniel Whitten, Bloomberg, September 3, 2008. "Republicans would end a mandate requiring expanded production of [ethanol] under a platform[PDF 67 pp] released at the party convention in St. Paul, Minnesota... 'That's not John McCain's bidding, that's the Republican Party recognizing that markets work,' [said] Douglas Holtz-Eakin, [a McCain] adviser... 'Biofuels have a place in our future, but we don't need the heavy hand of our government to have them enter into the marketplace'... 'I disagree with that part of our platform,' said Senator Charles Grassley, an Iowa Republican... 'Unless the leadership in Congress flips to the Republican party, and it seems like it won't, the likelihood that that mandate would end or be dialed back is far-fetched,' [Mark] McMinimy [of the Stanford Group in Washington]... Denatured ethanol for September delivery fell 4.5 cents, or 2%, to $2.19 a gallon at 12:45 p.m. on the Chicago Board of Trade. Prices have slipped 7.5% this year."
2008-09-05
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