Ask POET Episode 3 -- The Ethanol Tax Credit

The question for the third episode of Ask POET comes from R-Squared Energy blogger Robert Rapier. His question, which you can watch in the video from POET TV, is whether or not the ethanol industry needs the tax credit known as VEETC (Volumetric Ethanol Excise Tax Credit) when the Renewable Fuel Standard already mandates the use of ethanol.

The question was well-timed considering Growth Energy's announcement of the Fueling Freedom Plan, which calls for the redirection and phase out of government support for ethanol in return for a level playing field. As Jeff points out in the video, government support is necessary for the ethanol industry today, because oil still has generous subsidies and an de facto mandate for 90 percent of the market.

Ask POET is a monthly program on POET TV where we answer the public's questions about ethanol and the role that we, as the largest producer, play in that industry. If you'd like to ask a question for a future episode, leave a comment below or email your question to askpoet@poet.com.

Category:

News & Politics

Tags:

• Ask POET
• VEETC
• ethanol
• tax credit
• biofuels
• energy
• POET
• Jeff Broin