Ethanol Tariff Cuts

In an attempt to find solutions for the oil problems, Congress and the White House are discussing the idea of eliminating the imported ethanol tariffs. This decision will be good for producers of ethanol in countries like Brazil that are further ahead on the ethanol path, but will meet a lot of opposition with American farmers.
US mulls removal of ethanol imports tariff
Charles Grassley, an Iowa Republican who heads the Senate finance committee, which has jurisdiction over import tariffs, said in a statement on Thursday: "Lifting the tariff would be a victory for the oil companies [and] a kick in the face to rural America where the ethanol comes from, and leave consumers with the same high gas prices we have today." Financial Times

# Politics, Ethanol Investing