NEWS
Oil Subsidies Top 100 Years
Chris Clayton DTN Ag Policy Editor
Thu Mar 14, 2013 05:45 PM CDT

WASHINGTON (DTN) -- Knowing the petroleum industry is ramping up its campaign to reduce the effectiveness of the Renewable Fuels Standard, ethanol groups struck out Thursday by holding a birthday party recognizing 100 years of tax subsidies for the petroleum industry.

To "celebrate" 100 years of petroleum subsidies, ethanol groups had a cake of the U.S. Capitol with an oil derrick on the top of it appearing to spew out dollar bills. The cake was made by Charm City Cakes in Baltimore, Md.

Ethanol backers cited that oil companies have gotten certain tax breaks for them and no one else ...

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