As usual, the mainstream media has been mum about the latest news when it comes to the EPA and their destructive ways, hand in glove with Dear Leader. This well-planned agenda from the left will cost not only all of us in many ways, it may end up shutting down more businesses in the long run. Of course, that’s exactly what Dear Leader and ilk want, it hasn’t been any secret when it comes to Barack Hussein Obama and his goals to get us all on ‘green energy’, as well as back to the ‘Horse and Buggy‘ days if he had his way. Well, that is…everybody but the people like him. Another ‘do as I say, not as I do‘ example!
Here’s what happened Friday, see what you think…this is via The Hill:
An oil-and-gas industry official on Friday urged Congress to repeal new renewable fuel standards (RFS) set forth by The Environmental Protection Agency, warning that the regulations could lead to a national gas supply problems and damage to millions of cars.
In testimony at an EPA hearing in Ann Arbor, American Petroleum Institute (API) Vice President of Regulatory and Economic Policy Kyle Isakower called the RFS mandate “unworkable.”
Under the standard, refiners are required to blend 36 billion gallons of ethanol into traditional transportation fuel by 2022. In order to meet accelerating targets along the way, refiners will need to start producing fuels with higher ethanol concentrations.
That would require greater reliance on E15 –gasoline with 15 percent ethanol, rather than the standard 10–percent blend. On Friday, Isakower repeated the oil-and-gas industry’s admonition against breaking through the so-called “E10 blendwall.”
He pointed to the rising cost of renewable fuel credits (RINs) for corn ethanol as evidence that it is already occurring.
“The increasing price of renewable fuel credits indicates that refiners have breached the E10 blendwall,” he testified. “This sudden, added cost of producing gasoline and diesel fuel could have profound impacts on the marketplace.”
API has commissioned research that suggests E15 fuel is harmful to all but the newest models on the road. And automakers have said they would void warranties on their vehicles, if they are made to run on E15.
Anyone think anything will be done about this via congress or elsewhere? – What may happen in the near future may be more disaster coming our way. A disaster some of us may not be able to afford!
Throw in your two-cents…Fire Away – Inquiring Minds Want to Know!