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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 EPA is planning to set an unrealistic target for cellulosic biofuel production for the 5th year in a row, although the final rule will be postponed until late summer due to an extension of the 2013 deadline for refiners to meet renewable fuel blending requirements from June 30 to September 30. Last year, EPA […]
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, […]