Disaster
- 06/27/2014
- Mike Morrison
- Cartoons
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Late last year, the Obama administration exercised some common sense and issued a proposed rule to reduce the amount of renewable fuel required under the Renewable Fuel Standard (RFS) from 18.15 billion gallons to 15.21 billion gallons. EPA realized that Americans weren’t using enough fuel to blend 18.15 billion gallons of biofuel without the mandated […]
In 2007, President Bush signed the Energy Independence and Security Act. The bill amended the Renewable Fuel Standard and mandated that increasing amounts of cellulosic ethanol be blended with gasoline and diesel every year, with the provision that the Environmental Protection Agency (EPA) may reduce the mandated amounts. But year after year, the technological advances […]
By their very nature, government policies that artificially encourage the use of “biofuels” (such as ethanol) distort resource allocation and make consumers poorer than they otherwise would be. Of course, fans of the free market have been leveling such a criticism against biofuel mandates and subsidies from the beginning. Yet over the last few years, […]
Yesterday, the Institute for Energy Research (IER) submitted a public comment on the Environmental Protection Agency’s (EPA) proposed Renewable Fuel Standard (RFS) Program for 2014. IER commends EPA for proposing to reduce the total renewable fuel mandate for this year, but explains that EPA does not go far enough. Furthermore, EPA has once again proposed […]
The Environmental Protection Agency (EPA) has announced it will “reconsider” last year’s unrealistic cellulosic biofuel mandate in light of the industry’s inability to meet production targets. In a letter to the American Fuel & Petrochemical Manufacturers (AFPM), EPA Administrator Gina McCarthy admitted that expected production at a crucial cellulosic facility did not match reality: We […]
Two more biodiesel companies have been accused of fraud less than two weeks before the Environmental Protection Agency (EPA) will likely soon finalize regulations mandating how much biodiesel must be blended into gasoline this year. According to the Associated Press, the two companies are accused of generating fake ethanol credits, known as Renewable Identification Numbers […]
On the sixth anniversary of the expansion of the Renewable Fuel Standard (RFS) in 2007, the Renewable Fuels Association (RFA) issued a “celebratory” document explaining why they were so thrilled with the mandates on American refiners. The funny thing is, we don’t need to consult outside sources to see what’s wrong with the RFS or […]
The Environmental Protection Agency (EPA) has accused another biofuel company of generating and selling fraudulent Renewable Identification Numbers (RINs), marking the fourth case of RIN fraud since the federal ethanol mandate was passed in 2005. A RIN is a string of numbers used for identification when the ethanol industry produces a gallon of ethanol. Refiners […]