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John Eichberger

John Eichberger

Aug 17, 2026

6:33
No, it was a really good setup to the conversation because so basically we have a requirement that the fuel we need to sell or produce this much ethanol and that's putting pressure on everything if fuel efficiency increases.
6:54
Yeah, so the renewable fuel standard was established in 2005.
6:58
At the time, it was 7.5 billion gallon target.
7:01
We're going to increase the use of ethanol and biomass-based diesel to 7.5 billion gallons.
7:07
Two years later, they jacked that up to 36 billion gallons.
7:12
We're at about 15 billion now, with about 3 to 6 billion biomass-based easels.
7:18
So we're 16 to 18 billion gallons of total renewable fuels being blended in the United States.

5 MINS LATER

12:40
Right.
9:09
And I guess what that means is we'll probably continue to see a bumpy market for a while where it's not going to be a straight line in one direction or the other, no matter what the news is.
9:20
With this closure of the street, you know, most of the models probably would have anticipated oil prices to go higher than they went.
9:29
Look, just last month on our webinar, the forecast, one of my speakers was oil could add $130 a barrel this summer.
9:36
We haven't hit that.
9:38
But if we remember back last time, oil was $130 a barrel, gasoline, diesel prices were high.
9:43
What we've seen from my perspective is the futures markets continue to react to news.
9:51
And let's be honest, the news has not been consistent.
13:41
So there will be, I would assume, some fundamental changes that will reshape how every country's Every country looks at oil and how much do they store? Where do they get it from? What are the what-if scenarios? And that could be an even bigger story than the past 100 days where the straits have been closed.

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