Posted November 7, 2013
Check out a new video that quickly and efficiently captures the compelling reasons the Renewable Fuel Standard (RFS) should be repealed:
Again, when the RFS was created in 2007, the U.S. was in a much different place energy-wise, looking at a future dominated by energy scarcity. But with the shale energy revolution that has unfolded in the past few years, driven by innovative technologies that have resulted in advances in hydraulic fracturing and horizontal drilling, the U.S. is producing oil at levels not seen in nearly a quarter century. And instead of needing to import natural gas, the U.S. has become the world’s leading producer and stands poised to be a major player in the export market. Indeed, the U.S. Energy Information Administration estimates combined U.S. production of oil and natural gas will lead the world this year.
The RFS is unnecessary. Its mandates are bringing on a refining “blend wall” that could force more higher ethanol blend fuel into the market, which could damage vehicles that weren’t designed to use it. Research also shows ever-increasing ethanol use under the RFS could negatively impact the broader economy.
For all these reasons, it’s past time to remove the Renewable Fuel Standard.
ABOUT THE AUTHOR
Mark Green joined API after a career in newspaper journalism, including 16 years as national editorial writer for The Oklahoman in the paper’s Washington bureau. Mark also was a reporter, copy editor and sports editor. He earned his journalism degree from the University of Oklahoma and master’s in journalism and public affairs from American University. He and his wife Pamela live in Occoquan, Va., where they enjoy their four grandchildren.