back
USA Today: Renewable fuels make a difference
Posted 16 August 2013 in
From USA Today:
Congress shouldn’t weaken the Renewable Fuel Standard, which commits our country to using increasing quantities of clean-burning biofuels.
The RFS is one of the most successful energy policies ever. Since it was enacted in 2005, U.S. dependence on imported oil has decreased from 60% to 40% largely because of biofuels. American biofuels are good for our economic security, too. The American ethanol industry supports some 365,000 jobs in 29 states, especially in rural communities. In 2012, the industry contributed $43.4 billion to the gross domestic product, $30.2 billion to household incomes, and $8billion in federal, state and local taxes.
Because ethanol burns cleaner than gasoline, it reduces greenhouse gas emissions by 34% to 59%. Because ethanol costs less than gasoline, it saves motorists more than $1,200 per year.
When Congress crafted the RFS, it built in a great deal of administrative and market flexibility, allowing refiners and gasoline marketers to adjust to changing market dynamics that reduce the supply of biofuels. Last week, the U.S. Environmental Protection Agency (EPA) demonstrated the RFS’ flexibility once again by reducing the requirement for cellulosic (non-grain) ethanol.
Read the full article here.
Fuels America News & Stories
Fuels
This article is from:
