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Author Topic: We are suspended on a net over a cauldron of oil. The RFS is the net. Back to Topics

All-Star Author

Joined:Apr 2010
Message Posted: Aug 22, 2013 3:16:40 PM

I pulled this from an article on Yahoo Finance....

"Renewable fuels are already providing U.S. consumers some relief at the pump. There is a clear, undeniable benefit to using a lower-priced alternative to petroleum and lessening imports of oil for transportation fuels. One study calculated the average benefit across the nation at $1.09 per gallon in 2011.
This is the only bright spot in America’s ongoing pain at the pump. American consumers have drastically cut back on driving over the past several years due to high and unpredictable oil prices. In 2012, the average U.S. household spent $257 more on transportation fuel than in 2011 – even while driving substantially fewer miles. The 3.3 percent increase in gasoline prices in 2012 outpaced the 2.9 percent average growth in American’s incomes. Fuel price spikes both destroy demand for fuel and stall economic growth as America continues to recover from its economic recession.
Brazil has been a shining example of how a successful biofuels program can work and give consumers choice at the pump. Improving our transportation fuel infrastructure is not easy and the RFS is not perfect, but it is working. It has successfully accelerated commercialization of technologies that help to reduce our overwhelming reliance on foreign petroleum. The RFS was intended to provide exactly the type of long-term regulatory stability needed to send a signal to investors to develop a domestic biofuels industry. Continued attacks on the policy are designed to halt progress on a promising homegrown technology. At the end of the day, it is American consumers who will get gored if the oil bulls in the policy china shop are successful in impairing or repealing the RFS. And that is why Congress should stay the course."

Don't tear the net and forever imprison this nation in the oil company dungeon!
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