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 chain."
InvestmentPitch.com has produced a "video news alert (http://www.investmentpitch.com/video/0_83dy9laj/Ethanol-Credits--Educational-Series)" describing ethanol credits and their effect on the price of gasoline. If this link is not enabled, please visit www.InvestmentPitch.com (http://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
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE