10/9/2018

AGRICULTURE/ENERGY ALTERNATIVE]/OIL/TRUMP AS PRESIDENT: “U.S. President Donald Trump launched an effort on Tuesday [10-9-18] to increase ethanol use in the nation’s gasoline pool, delivering a long-sought political victory to the nation’s Farm Belt and angering oil refiners ahead of November’s Congressional elections. Trump announced the lifting of a ban on summer sales of gasoline blended with 15 percent ethanol, known as E15, at a closed-door meeting at the White House, Republican senators told reporters after the meeting. He plans to comment positively on the move at an Iowa rally on Tuesday evening. The announcement caps a months-long effort by the White House to thread the needle between rival corn and oil industry interests, by boosting ethanol demand while also cutting costs for refiners. In the end, Trump is moving ahead without the support of the oil refining industry, who wanted more in return for agreeing to lift the summer ban.”

Jarrett Renshaw, Humeyra Pamuk, “Trump raises ethanol use in gasoline, appeases farmers ahead of elections,” Reuters, Octobwe 9, 2018 1:36 pm