Trump's billion-dollar gambit: An ethanol deal to meet the demands of farmers and Big Oil

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Trump's billion-dollar gambit: An ethanol deal to meet the demands of farmers and Big Oil
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President Trump is planning an ethanol deal to please U.S. farmers angry that many oil refiners have been freed from obligations to use oil-based fuel. The deal, still not yet reduced to a written bill, is likely to make oil companies that have been given permission to stop blending ethanol with gasoline at some of their refineries to make up the lost production at other plants.

"Fifty jobs in a rural county is nothing to sneeze at," Irwin said. "They're good jobs, probably with benefits. And transportation would be hit hard, along with the local price of corn. It's probably a nickel a bushel for every farm within the service area of that refinery.''

"We're waiting to see that in writing, and hopefully we'll get that sooner rather than later," Reynolds told reporters on a conference call on Sept. 18, the Des Moines Register reported. "And we'll continue to touch base with the administration and just see where they're at on it. But I take them at their word."

The administration declined to make officials available for comment, providing a prepared statement attributed to an EPA spokesperson.

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