Over 11,000 comments filed on EPA's ethanol rules; White House also involved
A new report says that the White House was involved in the EPA's proposed rulemaking. While the final biofuel production target didn't end up changing, according to interagency draft proposal review documents seen by E & E News, the whole reason the EPA mentioned the blend wall in its proposal was because the White House raised questions about how much 'advanced' ethanol the US biofuel industry will be able to make and about the biodiesel industry in general. The White House said it was concerned that the proposed biofuel level could impact Renewable Identification Numbers (RINs) that make up the biofuel compliance market. According to E & E News, a reviewer from the Office of Management and Budget wrote, "If [biofuel] volumes are too high, then the prices of RINs will be high and we will face a real problem." When worries about hitting the blend wall spiked last year, RIN prices did the same thing, "soaring from a few cents per credit to $1.44," E & E News wrote. There's lots more over there.
- Great used cars for less than $10,000
- Owners say these cars aren't very good deals
- New Car Buying Guides
- Cheapest new automobiles in America
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models