The relentless saga of stupid that is the Renewable Fuel Standard rages on.
To review: Back in 2005, followed by an expansion of the law in 2007, Congress deemed that it would be a good idea if fuel refiners were required to gradually begin blending various biofuels into the nation’s gasoline supply, eventually amounting to a total 36 billion gallons of biofuels annually by the year 2022. It was and is painfully apparent that this so-called “Renewable” Fuel Standard is nothing more than the federal government’s cronyish love letter to the corn-turned-ethanol lobby, and it has all too predictably turned out that biofuels not environmentally friendly, affordable stabilizer we were once promised it would be — and it jacks up food and gasoline prices and is harder on car engines than purer gasoline to boot.
Lawmakers assured the Little People that they obviously knew best at the time, and the esteemed bureaucrats at the EPA evidently continue to do so — but declining gasoline consumption in the United States combined the scheduled targeted increases in biofuels blending required by the RFS means that refiners are being driven up against what is referred to as the “blend wall.” Automakers will not warranty engines to use anything that goes past a 10 percent ethanol blend. Companies can purchase ethanol credits known as RINs if they don’t meet the RFS, but RIN prices have lately been spiking with companies’ increased demand for the credits (in turn passing on the heightened costs to consumers), and energy and automobile companies have recently been trying to get the EPA to back off on their clearly overly optimistic requirements.
The EPA’s response to this boondoggle can be summarized thusly: Shut. Up.
As part of an ongoing effort to enhance energy security and reduce carbon pollution, the U.S. Environmental Protection Agency (EPA) today finalized the 2013 percentage standards for four fuel categories that are part of the Renewable Fuel Standard (RFS) program established by Congress. Most of these fuels are produced by American farmers and growers domestically and help reduce the carbon pollution that contributes to climate change.
Read more at Hot Air. By Erika Johnsen.