Who’s ‘happy’ with the surprise budget deal? Ethanol producers, that’s who

Capitol Crude: The US Energy Policy Podcast

The Inflation Reduction Act of 2022 would make available $369 billion in energy security and climate change spending over the next decade. The bill offers a mixed bag of wins and losses for an array of stakeholders. But the biofuel industry feels they made out pretty well.

Growth Energy Vice President of Government Affairs John Fuher joined the podcast to weigh in on how the ethanol industry could put the new funding and tax credits for renewable fuels to use, if the legislation passes. He also tackled questions on potential hurdles in the bill’s language, competition with EVs and what he’d like to see Congress do that wasn’t included in the Senate deal.

Senators were gearing up to likely work through the weekend, as this podcast was being produced, with votes on the bill set to begin Aug. 6 and Republicans promising to make the process “hell” for their Democratic colleagues.

Stick around after the interview for Starr Spencer with the Market Minute, a look at near-term oil market drivers.