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MARINE GROUPS ERGE SENATE
LEADERS TO OPPOSE E15
Thirty-six environmental and indus-
try groups signed a letter that went
to the majority and minority leaders
of the Senate Monday urging oppo-
sition to any amendment to the up-
coming energy bill that would au-
thorize the sale of gasoline with
more than 10 percent ethanol.
While the ethanol industry is seek-
ing approval in Congress to increase
the amount of ethanol in gasoline
by 50 percent - from the current 10
percent to 15 percent, Marine in-
dustry groups including the National
Marine Manufacturers Association,
American Sportfishing Association,
American Watercraft Association,
Association of Marina Industries,
Bass Anglers Sportsmen Society/
ESPN Outdoors, BoatU.S., National
Association of State Boating Law
Administrators, National Boating
Federation and the Personal Water-
craft Industry Association signed a
letter that went to the majority and
minority leaders of the Senate Mon-
day urging opposition to any
amendment to the upcoming en-
ergy bill that would authorize the
sale of gasoline with more than 10
percent ethanol.
The text of the letter reads as fol-
lows:
“The undersigned organizations
urge you to oppose any amendment
to the upcoming Senate energy bill
that would authorize legislatively
the introduction into commerce of
ethanol blends higher than 10 per-
cent (so-called mid-level ethanol
blends) for use in conventional
gasoline-powered engines. Such an
amendment would short-circuit ex-
isting two-year joint Environmental
Protection Agency (EPA), Depart-
ment of Energy and industry re-
search projects designed to insure
that mid-level ethanol blends do not
harm gasoline-powered engines,
defeat emissions control devices,
pose safety risks to consumers, or
increase emissions from these en-
gines.
Sound science, environmental pro-
tection and consumer safety - not
politics - must guide this important
decision. Section 211(f) of the
Clean Air Act mandates a detailed
scientific review before new fuels,
additives, or fuel blends are intro-
duced into commerce. EPA is in the
midst of carrying out this review,
including soliciting public comment
from all stakeholders on the intro-
duction of mid-level ethanol blends.
This review must be allowed to con-
tinue and must not be pre-empted
by Congress.
We collectively urge you to reject
any attempt to attach a mid-level
ethanol authorization amendment
during the Senate's consideration of
energy legislation in the coming
weeks and months. Such an
amendment would be bad for con-
sumers, bad for safety, bad for the
environment and, by placing politics
over sound science, bad public pol-
icy.”
Source: Trade Only Today
July 27, 2010
Some Good News from Brunswick
On July 29
th
The Brunswick Corpora-
tion reported total net sales of
$1.01 billion, up from $718.3 mil-
lion in the same period last year.
Net earnings of $13.7 million, con-
trasted with a net loss of $163.7
million, for the second quarter of
2009. This represents a 41 percent
gain in total net sales for the sec-
ond quarter of 2010, with both the
engine and boat
segments report-
ing large in-
creases.
Brunswick Chairman and CEO
Dustan McCoy noted that this is t
company's first net profit since t
first quarter of 2008. Operating
earnings of $55.7 million, a $20
million improvement from the pri
year, were also reported.
"The continued successful execut
of our strategic initiatives over th
past several quarters was a key f
tor in our improved second-quart
results," McCoy said in a stateme
"Historically low marine dealer in
ventories as we entered the year
to improved wholesale shipment
This, combined with significant fi
-cost reductions achieved over th
past two years, enabled us to rep
our second consecutive quarterly
operating profit. In addition, duri
the first half of 2010, our cash b
ances increased by $93 million a
net debt declined by $120 millio
McCoy noted that industry-wide d
mand for fiberglass boats contin
to decline, although the demand
aluminum boats increased slight
in the second quarter.
Source: Trade Only Today
July 29, 2010
ATLANTIC HURRICANE UPDAT
The Atlantic Basin remains on tr
for an active hurricane season, a
cording to the scheduled season
outlook update issued today by
NOAA’s Climate Prediction Cente
division of the
National Weather
Service.
With the season’s peak j
around the corner – late August
through October – the need for p
paredness plans is essential.
NOAA also announced today that
as predicted last spring
, La Niña
Continued on Pg.