Is the American Petroleum Institute (API) changing its RFS tune? In a recent interview with POLITICO Pro Energy’s Morning Energy, API President and CEO Jack Gerard said his organization was pivoting its strategy toward reforming the Renewable Fuel Standard (RFS) rather than continuing to call for an outright repeal. A change of tune for sure but whether it’s on key …
Poll Show Iowans Support RFS
According to a new poll from the Des Moines Register, 71 percent of Iowans favor the Renewable Fuel Standard (RFS), 21 percent oppose it and eight percent are unsure. The issue was a hot button for candidates leading up to the Iowa Caucus where Sen. Ted Cruz received the state’s nomination, despite voters being unsure as to what his stance …
US Ethanol Production Sets Records
New records were set in 2015 for U.S. ethanol production and blending according to data from the Energy Information Administration (EIA). Last year ethanol production hit a record high of 14.81 billion gallons while refiners and blenders integrated a record 13.69 billion gallons into the U.S. gasoline supply. The industry’s monthly average output in December 2015 also crested the 1 …
Research Looks Into Gas Prices
As I pulled into a gas station in Fairfield Glade, Tennessee last week I couldn’t believe the price per gallon of fuel with ethanol. After nearly $5.00 per gallon of gas a few years ago in states such as California, I never thought I’d see prices drop below $2.00. But they have and continue to stay. While this is great …
API Continues to Lambaste #RFS
The American Petroleum Institute (API) continues to lambaste the Renewable Fuel Standard (#RFS) as the energy policy draws criticism from all sides. Cited as the most effective energy policy ever enacted in the U.S. by supporters, API remains steadfast in its efforts to get the legislation repealed. Shortly before a Senate committee oversight hearing on Wednesday, API’s Downstream Group Director …
Senate Holds #RFS Oversight Hearing
The U.S. Senate Committee on Environment and Public Works held an oversight hearing on the Renewable Fuel Standard (#RFS). The legislation has been under fire for several years and there are currently several lawsuits surrounding the program: the biofuels industry is suing because the required volumes (RVOs) for 2014, 2015 and 2016 are below what the legislation requires, and Big …
$3.50 May Be New ‘Corn Norm’
The impact of corn prices varies between producers in different divisions of agriculture, with some producers benefiting from higher prices, and some benefiting from lower prices. Many factors seem to demonstrate that the new long-term “normal” for corn prices may be $3.50 per bushel, and Cody Heller, CEO of Central Wisconsin Ag Services (CWAS), has offered his insight into the …
NFU Calls on Court to Review #RFS
The National Farmers Union (NFU) has filed a petition seeking the courts to require the Environmental Protection Agency (EPA) to follow congressional direction as mandated by the Renewable Fuel Standard (RFS). Filed with the U.S. Court of Appeals for the District of Columbia, NFU is asking for a review of 2014, 2015 and 2016 volume targets. “Undermining the RFS is …
EPA Chief Defends #RFS Decisions
During a hearing on Wednesday, House Agriculture Committee members questioned EPA Administrator Gina McCarthy, on many agency actions, including decisions made regarding the Renewable Fuel Standard (RFS). In her opening statement, McCarthy defended the volume obligation requirements under that RFS that EPA set last year, “The final requirements boost renewable fuel production and provide for robust, achievable growth of the …
#RFS is a Top Issue for Ag Equipment Makers
The Association of Equipment Manufacturers (AEM) hosted an Ag Executive Outlook panel during the opening day of the 2016 National Farm Machinery Show in Louisville this week and one of the top issues for the organization is maintaining the Renewable Fuel Standard (RFS). AEM’s Senior Vice President for Government Affairs Nick Yaksich says building demand is vital for the agriculture …