This week in the media, Congressman Peter Welch (D-Vt.) responds to the ethanol industry’s attack of his bipartisan effort to reform the ethanol mandate, the ill-conceived federal policy that’s increasing costs for American consumers, polluting our waterways and depleting water resources, aggravating global hunger and worsening extreme poverty around the world. Writer Leandro Oliva examines the “growing movement to strip the ethanol industry of federal [supports]” and the coming “moment of truth” that could bring the mandate “to a screeching halt.” Lastly, Robert L. Bradley Jr., founder and CEO of the Institute for Energy Research, explains how the ethanol mandate has distorted commodities markets and become “tyranny” against taxpayers.
In short: After examining the facts, Representative Welch calls the ethanol mandate what it is: a “misguided flop.”
In short: The ethanol mandate has wreaked financial havoc on American consumers and exacted untold environmental damage. “Facing both renewed attacks on its environmental merits, as well as a coalition of politicians looking to gut the ethanol mandates, the industry seems to be looking down the barrel of a gun.”
In short: Commenting on the Renewable Fuel Standard, Robert L. Bradley, Jr. says “It's time for Congress to step up and take the lead in doing away with this ill-advised policy.”