Next month, the languishing 2014 Renewable Fuel Standard (RFS) biofuel mandates will be a full year late. That means the official EPA directive telling refiners how much ethanol and other biofuel content they are required to blend into our fuel supply this calendar year, at best case, will be released just as the year comes to an end.
This year-long lapse is inexcusable. The RFS has already been shown to be a failed policy that negatively impacts drivers, the environment, and our food supply. Instead of delaying a verdict on new standards, it is time for the EPA to admit that the RFS simply does not work and begin the process toward its repeal or drastic revision.
Here are just a few of the things that have lately been written about the RFS:
“Ethanol production has diverted more than 40 percent of the U.S. corn crop from food to fuel, leading to a 25 percent increase in the consumer price index for food since 2005. Continuing to implement the Renewable Fuel Standard could lead to fuel rationing and supply shortages that could drive up gasoline costs by 30 percent and diesel costs by 300 percent, according to a NERA Economic Consulting study.”
- John Griffin, Executive Director, Associated Petroleum Industries of Michigan
“Instead of attempting to reform the renewable standard, Congress should repeal it to protect American consumers from higher fuel and food costs.”
- Kenneth A. Schwarz, retired petroleum exploration geologist
“… the White House is now in the last stages of finalizing the 2014 requirements after multiple delays that have become embarrassingly common when it comes to implementing the RFS under this administration. API will continue pressing the administration not to raise ethanol requirements. We’re giving the administration everything they need to make the right choice for consumers and for our economy. And we expect them to do just that.”
- Bob Greco, downstream group director, American Petroleum Institute
No more delays. It’s time to repeal this broken law. The list of policy negatives vastly outweigh any potential positives. The EPA and legislators should recognize this and scrap the RFS.