Big Oil has developed a laundry list of excuses for refusing to embrace the RFS, but let's be honest. Its crusade against the RFS isn’t about the interests of the American consumer. It’s about money, market share, and snuffing out competition.
Why would James Thorpe want Congress to repeal the RFS? If he opened his wallet, he would realize that it is the single most effective energy policy in our nation’s history!
The markets were abuzz last week with a rumor about EPA’s pending 2014 RVO proposal that suggested the agency was mulling the idea of cutting the “renewable fuel” portion from 14.4 billion gallons to 13.0 billion. Here's an examination of the likely impacts of “Big Oil’s dream scenario.”