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New Year, Same Spin
Posted 7 January 2014 in
The oil industry’s lobbying group, the American Petroleum Institute (API), has just released its 2014 State of American Energy summary, and it’s no surprise they’re taking yet another opportunity to spread misinformation about the Renewable Fuel Standard and its role in promoting viable alternatives to oil.
Underlying API’s claims about the RFS is the idea that there’s a “blend wall” preventing the wider adoption of higher renewable fuel blends like E15 (the DOE’s most extensively tested fuel, ever). When the RFS first passed, the oil industry effectively pledged to invest in the infrastructure necessary to bring renewable blends to our gas pumps. But now that renewable fuel is presenting true competition, they’re doing everything in their power to prevent its adoption. That means engaging in frivolous lawsuits, fabricating safety concerns about E15 and discouraging franchisees from carrying the fuel.
The oil companies don’t want to blend more renewable fuel into gasoline because it hurts their bottom line. In fact, it cost them (and saved you) $50 billion in 2012, so it’s no surprise they’re doing what they can to squash the competition. So who benefits from renewable fuel? You do, in the form of lower gas prices, reduced carbon emissions and increased national security. The choice should be clear.
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