2013-09-18 23:30:05 -
Vancouver, British Columbia, September 18, 2013 - There's been a lot of talk in
the news lately about some of the big Wall Street firms exploiting the market
for ethanol credits. But what exactly are ethanol credits and how does their
price affect us?
It all started about 8 years ago when the Environmental Protection Agency, in
their wisdom, decided that gasoline refiners be required to blend a specific
amount of ethanol and other bio-fuels into the gasoline. This Renewable Fuel
Standard was promoted as a way to reduce reliance on foreign oil, offset global
warming, and help out the farming community.
Most ethanol in North America is produced from corn, which resulted in comments
like, "Only an environmentalist would burn food as fuel, rather than putting it
into the food
InvestmentPitch.com has produced a "video news alert" describing ethanol credits
and their effect on the price of gasoline. If this link is not enabled, please
visit www.InvestmentPitch.com and enter "Ethanol Credits" in the search box.
InvestmentPitch.com, a multimedia company that provides a combined solution for
creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals, specializes in
producing three minute videos based on news releases and research reports.
Barry Morgan, CFO
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Source: InvestmentPitch via Thomson Reuters ONE