The current zero-sum battle between corn states and the biofuels industry and oil refiners is not new, but it has exploded into a fierce fight over the past year as the EPA cracked open the door to a weakening of the RFS.
10 years after Recommendations to the Nation on Reducing U.S. Oil Dependence, the country has seen meaningful improvements in energy security, which continue to grow.
Like presidents before him dating back to Richard Nixon, Barack Obama pledged to reduce dependence on crude oil imports and sever the country’s reliance on OPEC oil. But unlike others, Obama saw overall energy security improve markedly during his presidency.
Where the Texas Senator stands on fracking, ethanol, and the Keystone XL pipeline.
Although the EPA is simply conforming to the reality of the marketplace with its new biofuel blending targets, it is getting blasted by a number of industry groups.
The Renewable Fuel Standard's main purpose was to reduce U.S. dependence on oil by mandating production of renewable fuel, and in that regard, it has been successful, but only marginally.