Breitling Oil and Gas Texas Morning Podcast #286

Bipartisan legislation will be introduced to remove corn-based ethanol from the federal Renewable Fuels Standard in 2014, a group of US House members announced on Apr. 10. “The RFS Reform Act will eliminate corn-based ethanol requirements, cap the amount of ethanol that can be blended into conventional gasoline at 10%, and require the EPA to set biofuels levels at production levels. Renewable fuels play an important role in our energy policy but should compete fairly in the marketplace.

It is clear, when EPA is unable to provide even a temporary waiver of the RFS during the worst drought in 70 years to assure adequate feed and food supplies, that something is broken and needs to be fixed. I applaud Congress for beginning this long overdue conversation on the RFS and for offering reasonable solutions to address problems associated with that mandate. We need to reform the RFS.

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