North Carolina, Arkansas, Maryland and Delaware request Renewable Fuel Standard Waiver Based on Misinformation
“The RFS already includes a number of compliance options allowing great flexibility for oil refiners to meet their obligations under the program. The market is already taking advantage of these flexibilities as ethanol production has slowed 15% since the beginning of the year in response to market signals.“To be clear, a waiver of the RFS will not provide the relief meat and livestock producers seek nor will it make it rain on dry corn fields and pastures. What waiving the RFS would do is send chilling signals to investors in new biofuel technologies, threaten to force gas prices higher than they already are, and dramatically lower the availability of ethanol feed products on which the livestock industry is growing to rely.“We look forward to once again demonstrating that the efforts of those in the livestock, meat, food processing, and petroleum industries to end domestic ethanol production would do more harm than good to America’s economy and its energy security than a return to $2 per bushel corn prices and an increasing reliance on imported oil.”Earlier today, the RFA held an in-depth webinar detailing the fallacies behind requesting a waiver. That webinar slides can be viewed here.
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