Posted September 18, 2013
In a piece in Forbes, contributor Michael Lynch writes that the Renewable Fuel Standard (RFS) is “one of the worst-designed government policies since we had caverns full of surplus cheese.” Yeah, that’ll leave a mark.
Yet, Lynch's characterization is on target in the case of the broken, out-of-touch RFS – with its ever-rising mandates for ethanol use that are propelling us toward the refining “blend wall” and potential harm to consumers and the broader economy. Bob Greco, API’s group director of downstream and industry operations, detailed the “reality gap” reasons the RFS should be repealed in a conference call with reporters – reasons that also back industry’s request that EPA reduce the total renewable fuels volume requirement to a level below 10 percent of overall gasoline demand for 2014.
Posted December 28, 2012
Posted December 10, 2012
Posted August 21, 2012