Front Page
NMJ Search
Editorials
Commentary
Archive
NMJ Radio
Constitutional Literacy
Islamofascism
Progressivism
Books
NMJ Shop
Links, Etc...
Facebook
Twitter
Site Information
About Us
Contact Us
  US Senate
  US House
  Anti-Google






Opponents argue that the mandate leads to higher feed prices for livestock, which in turn causes the prices of other food products, such as milk and eggs, to increase as well.
Social Bookmarking
Print this page.
Senate Introduces Bill to
Repeal EPA's Ethanol Mandate

The Daily Caller
A bipartisan group of senators introduced legislation Thursday to fully repeal the federal ethanol mandate, which has been blamed for increasing fuel and food prices.

The federal Renewable Fuel Standard, which is run by the Environmental Protection Agency, has come under increased congressional scrutiny after the agency denied states waivers from the program last year. Skyrocketing ethanol credit prices earlier stoked fears that the refining industry was reaching the ethanol blending limit.

"The Renewable Fuel Standard is fundamentally broken and beyond repair," said Wyoming Republican Sen. John Barrasso. "Instead of delivering meaningful environmental benefits, it's driven up food and fuel costs for American families. This flawed program will also inevitably lead to widespread lawsuits against American manufacturers. When Congress enacts bad policy, the right response is to scrap it and start over."

The RFS was created in 2005 and requires refiners to blend a certain amount of ethanol into the fuel supply. In 2007, the RFS was expanded and refiners were required to blend larger ethanol volumes into the fuel supply.

Demand for gasoline has fallen due to more fuel efficient vehicles and the recession, which put pressure on refiners who are reluctant to blend more than 10 percent ethanol into the fuel supply. The EPA requires that refiners blend 13.8 billion gallons of ethanol into the fuel supply, but Bloomberg reported in March that refiners will fall 400 million gallons short of that requirement.

"The Renewable Fuel Standard isn't working for consumers, refiners or livestock groups," said Arkansas Democrat Sen. Mark Pryor. "These mandates are unworkable and need to be overhauled. Repealing the RFS will allow us to develop a new policy for advanced biofuels without driving up Arkansans' gas and food prices."

The RFS has also been blamed for raising food and fuel prices. Opponents argue that the mandate leads to higher feed prices for livestock, which in turn causes the prices of other food products, such as milk and eggs, to increase as well.

Since January, prices of renewable fuel credits -- which refiners can purchase to meet their blending requirements -- have increased more than 1,000 percent, according to Barrasso. This was passed onto consumers. High renewable fuel credit prices are also an indicator that refiners are nearing the "blend wall" -- the point at which no more ethanol can be safely blended into the fuel supply.

READ FULL SOURCE ARTICLE: 06/21/2013








The BasicsProject.org informational and educational pamphlet series is now available for Kindle and iPad. Click here to find out more...

The New Media Journal and BasicsProject.org are not funded by outside sources. We exist exclusively on donations from our readers and contributors.
Please make a sustaining donation today.







Opinions expressed by contributing writers are expressly their own and may or may not represent the opinions of NewMediaJournal.us, its editorial staff, board or organization.  Reprint inquiries should be directed to the author of the article. Contact the editor for a link request to NewMediaJournal.us.  NewMediaJournal.us is not affiliated with any mainstream media organizations.  NewMediaJournal.us is not supported by any political organization.  Responsibility for the accuracy of cited content is expressly that of the contributing author. All original content offered by NewMediaJournal.us is copyrighted. NewMediaJournal.us supports BasicsProject.org and its goal: the liberation of the American voter from partisan politics and special interests in government through the primary-source, fact-based education of the American people.

FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance a more in-depth understanding of critical issues facing the world. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 USC Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to:http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.


The Media Journal.us © 1998-2014    Content Copyright © Individual authors
Powered by ExpressionEngine 1.70 and M3Server