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OILD - Update On Ethanol And Archer-Daniels-Midland
ProShares UltraPro 3x Short Crude Oil
In the United States, the ethanol mandate requires a blend of gasoline and the biofuel to power automobiles. Last century, the introduction of the blend served three purposes. First, it lowered US dependence on imported oil from the Middle East, which was likely the primary reason for the regulation. Second, environmentalists consider ethanol cleaner fuel when it comes to emissions. Finally, another demand vertical for corn supports US farmers who are the leading producers and exporters of the grain in the world. Recently, the Trump administration lifted a ban on E15, a 15% ethanol blend,