The ethanol lobby is fighting hard for to defeat EPA’s proposal and maintain the status quo. The industry threatened to sue the EPA if they scaled back the RFS — a power that is well within their right, rarely used and the foundation of the much-touted “flexibility” of the policy.
Republicans have long criticized the EPA’s renewable fuel standards, which require gas refiners to mix biofuels with conventional gasoline. Rep. Peter Welch (D., Vt.) remarks, originally reported in the Hill, are at odds with the Obama administration’s stance on the program.
Refiners are required by law to use 13.8 billion gallons of ethanol in 2013. Renewable Identification Numbers are attached to each gallon of ethanol to track compliance. Once the additive is blended into gasoline, refiners can retain the certificate to show compliance or trade it to another party.
Even after yesterday’s 14 percent decline, the price U.S. refiners are paying to comply with a 2007 law that requires companies to blend ethanol with gasoline is at least 10 times more than at the start of the year.
Eight months after the legal deadline the Obama Administration has released the 2013 Renewable Fuels Standard rule. More importantly it promised waivers next year that will supposedly keep this badly designed law from inflating gasoline prices.
As the blend wall approaches, the price of RINs skyrocketed from a few cents to around $1.40 per gallon of ethanol. RIN prices then declined sharply this week, to around $1.00, on hopes that the Obama Administration and Congress may be preparing to address the blend wall problem by easing the RFS.
Our troops on the front lines are being forced to use equipment well past its service life. We have terminated more than 50 modernization programs in the past two years and drastically scaled back and slowed down the production of ships, ground vehicles and aircraft, increasing overall costs.
The latest mandate handed down from the Environmental Protection Agency now mandates how much gasoline you must buy at certain gas stations. Say hello to the Obama Administration’s four gallon minimum.
Statement by American Fuel & Petrochemical Manufacturers (AFPM) President Charles T. Drevna on the Environmental Protection Agency’s (EPA) decision today to increase bio-based diesel volumes to 1.28 billion gallons in 2012.
This year's drought, along with recent news reports of the lowest corn yield in 17 years, has rekindled the food vs. fuel debate — and, for good reasons.
America's oil refiners are preparing to intensify efforts to press the federal government to drop mandates to encourage the development of advanced biofuels and counter the Obama administration's "war on fossil fuels."