Late last week, the news was broken that the Environmental Protection Agency’s 2014 RFS proposal had finally made its way to the Office of Management and Budget (OMB). While we prepared ourselves for the final 90 days of deliberation, we heard predictions for the mandate and learned a bit about the economics of the policy.
- The Economics of Biofuels:
In Short:“t would appear that the dream of growing the fuel required to keep the engines of industry humming — as well as the engines that enable many of our leisure pursuits — is simply too good to be true.”
- Final Lobbying Push on 2014 RFS Begins; Analysts Say Significant Increases Unlikely:
In Short: “Only “marginal” increases are expected when the Office of Management and Budget wraps up its review of the EPA proposal, which would require petroleum importers and refiners to blend a total of 15.21 billion gallons of renewable fuels into their products, Timothy T. Cheung of ClearView Energy Partners told Bloomberg BNA. That’s nearly 3 billion gallons less than the 18.15 billion gallons required by the Energy Independence and Security Act of 2007 (Pub. L. No. 110-140).
‘EPA is likely to stick with the proposed framework,’ said Cheung, who serves as a vice president and research analyst for the Washington, D.C.-based consulting firm.”