20 ordspråk av Monte Shaw

Monte Shaw

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For every gallon of petroleum gasoline you buy, 12 percent of that money stays in Iowa. With E85 (85 percent ethanol), over 65 percent of the money stays in Iowa and is invested over and over. This legislation will mean billions of dollars for the state of Iowa.

After two or three years of 20 to 30 percent returns to think that Wall Street or international capital or even domestic entrepreneurs are not going to get in on that I think is unreasonable. Any ethanol plant is good for rural Iowa.

The ethanol industry is growing so fast, I think it's hard to set the bar too high.

The House renewable fuels bill is a good start.

It's no surprise that Wall Street is interested in Iowa's ethanol plants. The industry is growing very fast, and more investment is needed.

Will people switch away from E10? I have no doubt that some will.

Iowa is the leader in renewable fuels production. This legislation puts Iowa on the road to being the leader in renewable fuels uses as well.

We think it's a great bill.

We think the schedule could have been a little more aggressive, but we realize we have to compromise a little bit on this. The key thing is accountability. We didn't want some goal thrown up for window dressing. We wanted a schedule that is attainable and aggressive.

It goes from something you can't hardly find ... to something you can drive just down the road and get it.

You can't just pour it in - it needs to be done at blending facility.

You're looking at basically doubling the production amounts, but the impact on Archer Daniels Midland depends on whether they increase their production capacity.

There's no doubt that as ethanol use and ethanol production continues to grow that's going to put an upward pressure on corn prices,

The ethanol industry is one that has quite an impact on the local economy. One-third of all the gasoline in the country contains ethanol. What's more ethanol is added at local terminals. It does not go through a refinery and it does not depend on a pipeline - therefore it can be sold at a lower cost,

If you had to replace the ethanol used today with crude oil, there would be at least a 30 percent increase in the cost of gasoline, ... Because ethanol is sold under long term contracts under a fixed price, the ethanol being put into gasoline today is the same price as it was three months ago.

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