Breitling Oil and Gas Morning Podcast #160 9-28-12

The US EPA established the amount of biodiesel products to be included in US fuel markets during 2013 at 1.28 billion gal. EPA said it acted under provisions of the 2007 Energy Independence and Security Act, which established a second phase of the federal renewable fuels standards.

It said the law specifies a 1 billion gal minimum biodiesel level for 2012 and beyond. EPA acted after reviewing comments and additional information received since it proposed the volume in 2011.

Personally I think this is a horrible move.  The EPA’s mandate will unnecessarily raise the cost of making diesel fuel which will impact transportation of our goods and in turn our economy.

This is extremely bad public policy that could burden consumers and businesses already pressed with higher energy costs.  By picking energy winners and losers, EPA takes away consumer choice and further threatens public acceptance of biofuels.

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