Thirsty For More Government Help – for Oct. 11, 2010

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Ethanol industry leaders want the U. S. government to increase blending levels as well as fund greater investment in broad biofuel infrastructure improvements. The U. S. provides a 45-cent per gallon tax credit to refiners who blend ethanol with gasoline, and imposes an import tariff as a deterrent to foreign competition. But the tax credit, worth an estimated $4.7 billion last year, expires on Dec. 31. So does the tariff. “All eyes are on Washington,” said Tom Buis, spokesman for Growth Energy, an industry coalition. – Reuters

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