We are not accepting donations from people or companies in Florida due to unfair reporting requirements and fees not imposed by any other state.

Call to Action for a Truly Sustainable Renewable Future
August 8, 2013 – 5:07 pm | No Comment

-Include high octane/high ethanol Regular Grade fuel in EPA Tier 3 regulations.
-Use a dedicated, self-reducing non-renewable carbon user fee to fund renewable energy R&D.
-Start an Apollo-type program to bring New Ideas to sustainable biofuel and …

Read the full story »
Business News/Analysis

Federal Legislation

Political news and views from Capitol Hill.

More Coming Events

Conferences and Events List in Addition to Coming Events Carousel (above)

Original Writing, Opinions Advanced Biofuels USA

Sustainability

Home » Federal Agency, Federal Regulation, Funding/Financing/Investing, Green Jobs, Illinois, Iowa, Opinions, Policy, White House

Moving the Point of Obligation Is the Latest Misguided Ploy to Undermine the RFS

Submitted by on March 30, 2017 – 3:45 pmNo Comment

by Senators Joni Ernst (R-IA) and Tammy Duckworth (D-IL) (The Hill)  Six billion gallons. That is the approximate amount of ethanol produced in Iowa and Illinois each and every year. It is more than the annual gasoline equivalent production of some Organization of the Petroleum Exporting Countries (OPEC) members.

The RFS has been a critical piece of our domestic energy revolution, offsetting billions of barrels of foreign oil that would otherwise have been imported as our dollars went overseas.

This Made in America energy supports tens of thousands of jobs across the country, and has an economic ripple effect throughout farm country, rural communities and the entire nation.

most recently—attempts to move the so-called “point of obligation,” which currently requires petroleum importers and refiners to meet certain ethanol inclusion goals, away from refiners and onto downstream entities – blenders and retailers.

This latest attack is simply another tactic that aims to inject further uncertainty into the program, create a compliance nightmare, and upend the market dynamics that have led to expanded consumer acceptance of renewable fuels. When the EPA structured the RFS program, it placed the point of obligation with the petroleum refiners and importers to keep regulatory complexity to a minimum and to incentivize those parties to provide petroleum blendstock suitable for the inclusion of renewable fuels.

Moving the point of obligation downstream to blenders would significantly increase the number of parties obligated to meet the goals from a few hundred to many thousands. This would create a compliance nightmare for both the EPA and the numerous newly-obligated parties, many of whom would be small and mid-sized retailers with no experience in dealing with this level of regulatory compliance. More importantly, shifting the point of obligation downstream would leave the refiners with little incentive to provide the appropriate gasoline blends, hanging the retailers out to dry.

As Veterans who have fought to defend this nation, we have seen firsthand the price we pay for our dangerous dependence on oil imported from our adversaries.  READ MORE and MORE (Ethanol Producer Magazine/Growth Energy) and MORE (The Hill) and MORE (Idaho State Journal)

Related Post

Tags: , , , , , , , , ,

Comments are closed.