Results tagged council+on+foreign+relations

Council on Foreign Relations: Is the Ethanol Mandate Pumping Up Gas Prices?

In years when ethanol producers make more ethanol than the mandate requires, they generate a surplus of Renewable Identification Numbers, or RINs. They can bank those for the next year. Before 2012, when ethanol subsidies stopped, producers built up a surplus of RINs; part of that surplus remains.