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A new report raises questions about dealings between Sen. Harry Reid and green energy companies seeking federal subsidies. These companies received billions in taxpayer dollars after donating to an organization run by Reid allies, according to The Washington Free Beacon. Reid, who was Senate Majority Leader from 2007–2015, has bragged about steering federal grants and […]
Jay Leno has some harsh words for ethanol lobbyists: “big growers of corn have sold us a bill of goods.” Writing for Autoweek.com, the former Tonight Show host, who collects and restores vintage cars, discussed how ethanol can damage vehicles and foul up engines: As someone who collects old cars, and keeps them up religiously, […]
The RFS is bad policy. It drives up costs for families and mandates a product on the American people whether they want or need it. Two different approaches to dealing with this problem are before Congress. The first and more preferable option is a complete repeal of the RFS, such as HR 703 by Rep. […]
As biofuels lobbyists and the Obama Administration are battling over the final numbers for the 2014 Renewable Fuel Standard, the Administration is attempting to prop up the biofuels industry through military purchasing. The Administration recently announced they would be granting $210 million in military contracts to spur the creation of commercial scale biofuels by constructing […]
The Environmental Protection Agency (EPA) is required by law to set the amount of biofuel they will require to be blended with gasoline for the following year. They are tasked with doing this before December to give businesses some idea of what their mandates will be for the upcoming year. But we are more than […]
In a last ditch effort to drum up support from lawmakers in light of the recent Environmental Protection Agency (EPA) proposal that would decrease the amount of biofuels required by the Renewable Fuel Standard (RFS) in the nation’s fuel supply from 18.15 billion gallons to 15.21 billion gallons[1], representatives from biofuels companies recently flocked to […]
Last week the Congressional Budget Office (CBO) produced a report on the feasibility of complying with the Renewable Fuel Standard (RFS), a federal mandate that requires minimum volumes of renewable fuels to be blended into transportation fuels. The original volume mandated by the Energy Independence and Security Act of 2007 (EISA) for 2014 is 18.15 […]
The EPA is proposing to lower the 2014 RFS biofuel blending mandate by 1.4 billion gallons, from the statutory mandate of 18.21 billion gallons to 15.21 billion gallons. While a study by the Environmental Working Group (EWG) concluded that reducing the biofuel target would reduce emissions by the equivalent of taking 580,000 cars off the […]
The Government Accountability Office (GAO) recently released a report which found that the military had spent up to $150 per gallon for alternative jet-fuel. This is one more example of how the administration is providing subsidies for renewable producers. The latest GAO report found: The federal government supports the development and use of alternative jet […]
For decades, principled defenders of free energy markets have pointed out the absurdities of government support for biofuels. The decentralized market system provides the proper feedback—in the form of the profit/loss test—to investors to determine the correct mix of various sources in the country’s overall energy output. If it really made economic sense produce over […]