Bob Dinneen Ethanol Quotations

Our industry is adding capacity at a phenomenal rate and will be able to adequately supply ethanol to the markets that need it.

We are expanding rapidly and will continue to do so with comments like the president made last night. It sends a very strong signal to our industry, financial markets that the future for ethanol is secure.

Ethanol makes up only 10 percent of a gallon of gasoline. If gasoline prices are up 36 cents, then ethanol would only make up 3.6 cents of that. And 85 percent of users have long-term contracts that are significantly below the spot-market prices.

The U.S. ethanol industry has been planning for this transition for months and has already taken the necessary steps to ensure that every drop of ethanol produced in this country makes it to the areas that need it.

Increased attention lately has been given to the U.S. ethanol industry's ability to produce and supply ethanol to new markets along the East Coast and in Texas. Our industry is adding capacity at a phenomenal rate and will be able to adequately supply ethanol to the markets that need it.

Clearly, ethanol is something we are doing now that we can do more of that will provide at least a part of the solution for the future. We wouldn't be having this discussion if oil was $25 a barrel.

By doing this, the president recognizes that the future of ethanol is not just as a blending component, but as a replacement fuel.

The ethanol industry is growing at a phenomenal rate. We currently have 97 plants operating at nearly 100 percent capacity. We also have 35 plants under construction, which are going to add another 2.2 billion gallons within the next 12 months.