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Ethanol advocates delight in touting the Renewable Fuel Standard (RFS) as an “American Success Story.” Yet several years after its passage, some in Congress are finally realizing that the RFS stands not as a central-planning success story but as a symbol of misguided government mandates. The RFS requires refiners to blend ever-growing amounts of ethanol […]
A recent Bloomberg article underscores the government distortions in the fuel and food sectors. The piece discusses the rising price of ethanol because of expected supply problems: Ethanol’s discount to gasoline narrowed to a four-month low on speculation that the slowest pace of corn planting since 1986 will make it difficult to replenish supplies. The […]
Apparently Al Gore has forgotten about his own invention. Hollywood Reporter (4/30/13) reports: “Al Gore, one of Hollywood’s favorite sons because of his commitment to the environment, rocked a large crowd in Beverly Hills on Tuesday with an impassioned plea to solve the ‘climate change crisis,’ part of which is getting media right… Gore lamented that a […]
You know it’s bad when… Columbia Journalism Review (4/12/13) reports: “Journalists and the GOP called for more transparency at the Environmental Protection Agency (EPA) this week, as Gina McCarthy, the Obama administration’s pick to succeed Lisa Jackson as head of the agency, entered congressional confirmation hearings… The day before McCarthy, who now heads the EPA’s air pollution […]
Earlier this week, the Renewable Fuels Association released a report arguing that the Renewable Fuel Standard (RFS) is only slightly raising gasoline prices. The implication of the report is clear—there is no need for RFS. If the RFS has positive benefits, as the report claims, or only slight costs, then there is no need […]
A recent WSJ article explained how the ethanol mandate is leading to a “blend wall” that paradoxically leads U.S. refiners to export their gasoline, raising pump prices at home. This is just another fantastic example of government policies having unintended consequences. Before looking at just how serious the problem is, let’s set the context by […]
What happens to a society when there are more takers than makers? White House (3/15/13) reports: “The President’s plan builds on an idea that has bipartisan support from experts including retired admirals and generals and leading CEOs, and it focuses on one goal: shifting America’s cars and trucks off oil entirely.” I bet oil production would […]
AEA OPTIMISTIC ABOUT HOUSE BUDGET PROPOSAL, CALLS FOR PERMANENT END TO ALL GREEN ENERGY SCHEMES WASHINGTON D.C. — American Energy Alliance President Thomas Pyle released the following statement in response to today’s release of the House Budget Committee’s FY2014 Budget Resolution, entitled “A Path To Prosperity: A Responsible, Balanced Budget.” “The House today offers a […]
Thank you for your service, Mr. Romesha. Washington Free Beacon(2/11/13) reports: “Former Staff Sgt. Clinton Romesha (ROE-muh-shay), 31, will receive the Medal of Honor today for heroic actions during the day-long attack on Combat Outpost Keating in Afghanistan… More than 300 Taliban attacked Keating early in the morning of Oct. 3, 2009, from all four sides […]
Wind production tax credit: $12.1 billion. Renewable diesel fuel tax credit: $2.2 billon. Algae mandate: $59 million. Elbow-rubbing with Ed Markey: Priceless. Groupon (expires 1/20/13) reports: “For $1,300, you get one VIP ticket for entry at 7 p.m. (a $1,950 value)… On the eve of the presidential inauguration, the 2013 Green Inaugural Ball corrals political leaders in […]