RFA to USA Today: Renewable Fuels Benefit Consumers
March 27, 2015 - Issue #206View Full Issue
In response to a flawed editorial by the USA Today Editorial Board that called for the elimination of the federal Renewable Fuel Standard (RFS), Renewable Fuels Association (RFA) President Bob Dinneen set the record straight, noting the many ways in which consumers benefit from renewable fuels production and use.
Dinneen stated, “Just seven years into [the RFS], tremendous progress has been made. Renewable fuel consumption has grown dramatically. Dependence on petroleum, particularly imports, is down significantly. Gasoline imports are virtually non-existent.
“Greenhouse gas emissions from the transportation sector have fallen. The value of agricultural products is up. And communities across the country have benefited from the job creation, increased tax revenue and higher household income that stem from biorefineries.”
Dinneen added, “Meanwhile, the doomsday outcomes threatened by opponents of the RFS simply have not materialized. Corn acres have fallen, agricultural land use has declined, theGulf of Mexico ‘dead zone’ continues to contract, and deforestation rates have fallen. Food price inflation has followed normal historical trends and thus has been lower than before the implementation of the RFS.
“The RFS has been an unmitigated success. Except for one thing: The oil industry has lost market share and doesn’t like it. Big food companies also bristle at having to pay more for commodities; it eats into their profitability. But consumers have benefited as ethanol is less expensive than gasoline today.”
Dinneen concluded, “If we are to ever realize the promise of the RFS, we must allow it to continue. New fuels and technologies are being commercialized. Markets for higher level blends are materializing. Now is not the time to pull the rug out from under investors and consumers who share the bipartisan vision of a more economic and environmentally secure energy future.”
To read the entire response, please click here.