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| The market demand was greater than the mandates of the RFSs most of the time. Especially the 2005 mandates, look below how much of a joke they were. Corn ethanol mandates are frozen at current levels of 15B until 2022.
Yearly Ethanol Production
Year Millions of Gallons
1980 175
1981 215 22.86%
1982 350 62.79%
1983 415 18.57%
1984 510 22.89%
1985 617 20.98%
1986 712 15.40%
1987 819 15.03%
1988 831 1.47%
1989 843 1.44%
1990 848 0.59%
1991 866 2.12%
1992 985 13.74%
1993 1,154 17.16%
1994 1,289 11.70%
1995 1,358 5.35%
1996 1,088 -19.88%
1997 1,288 18.38%
1998 1,405 9.08%
1999 1,465 4.27%
2000 1,622 10.72%
2001 1,765 8.82%
2002 2,140 21.25%
2003 2,810 31.31%
2004 3,404 21.14%
2005 3,904 14.69%
2006 4,884 25.10%
2007 6,521 33.52%
2008 9,309 42.75%
2009 10,938 17.50%
2010 13,298 21.58%
2011 13,929 4.75%
2012 13,218 -5.10%
2013 13,312 0.71%
2014 14,340 7.72%
average increase 1980 to 2014 14.72%
average increase 1980 to 2004 14.05%
average increase 2005 to 2014 16.32%
The 2007 EISA mandates did not change the average ethanol increases very much at all, and that increase would have come no matter what because those years had >$100 oil even up to $147/barrel oil in 2008
Energy Policy Act of 2005
https://en.wikipedia.org/wiki/Energy_Policy_Act_of_2005
2006 4,000
2007 4,700
2008 5,400
2009 6,100
2010 6,800
2011 7,400
2012 7,500
EISA of 2007
https://en.wikipedia.org/wiki/Energy_Independence_and_Security_Act_o...
2007 4,700
2008 9,000
2009 10,500
2010 12,000
2011 12,600
2012 13,200
2013 13,800
2014 14,400
2015 15,000 then stays here for corn ethanol until 2022 | |
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Would the EPA trashing the entire RFS kill ethanol do dead in its tracks?
