In 2007, Congress expanded the Renewable Fuels Standard (RFS) to require 36 billion gallons of conventional (corn) and advanced (cellulosic, biodiesel, and “drop-ins”) biofuel to be blended into America’s gasoline and diesel fuel supplies by 2022. Congress hoped that turning food, plants, and other bio-sources into alternative fuels would help achieve US energy independence and improve the environment, but it’s not working out that way.
An assessment of the economic consequences of the Renewable Fuels Mandate.
Under U.S. law, U.S. petroleum refiners and other so-called obligated parties must blend ever larger volumes of renewable fuels into the U.S. gasoline and diesel fuel supply. The program is known as the Renewable Fuel Standard (RFS).
As Tesoro employees may already know, the American Fuel & Petrochemical Manufacturers (AFPM) is the new name of the National Petrochemical & Refiners Association (NPRA). AFPM has launched a new educational effort to spotlight the substantial benefits fuel manufacturers and marketers offer Americans. We strongly support AFPM’s initiative.
2011 was a year of perpetual threats to American workers and their jobs as well as the American economy. Tesoro faced a blizzard of new onerous job-killing regulations from the US EPA, and a White House openly hostile to the needs of our customers and our industry. Through one of the most menacing legislative and […]
Three important bills to ensure government red tape does not adversely affect our economy have recently been approved by the US House of Representatives. All three bills are being threatened with a veto by the Obama White House. For 65 years, federal agencies have relied upon the Administrative Procedures Act to write regulations. The Regulatory […]