Don't worry, Iowa.
The EPA is boosting the amount renewable fuels in the US gasoline supply despite opposition by an unusual alliance.
POET, the second-largest ethanol producer in the US, touts its economic impact on the economy in supporting 39,978 full-time jobs and adding $5.4B to US GDP.
Republican presidential candidate Dr. Ben Carson is in favor of removing $4 billion in subsidies for oil and gas companies and using the money to support ethanol. He also suggests a 30 percent ethanol blend in fuel.
Two biofuel producers – AFI and AFPM – filed a lawsuit earlier this year to get the EPA to make a decision about the 2014 RFS. Today, the EPA said it will decide by the end of November, 2015.
California, Pennsylvania senators reach across the aisle to propose an anti-corn-ethanol bill.
With the 2016 US presidential election already getting rolling, the debate over the Renewable Fuel Standard could play role in farming-intense states. Iowa Governor Terry Branstad, a supporter of the mandate, thinks candidates who don't support the RFS could be at a disadvantage there for the very important caucuses.
The Environmental Protection Agency (EPA) is not going to decide just yet how much biofuel to add to the national fuel supply in the future. Last year, the EPA said, for the first time ever, that it might reduce the biofuel component in American gas, but is now saying that the 2014 standards rule will be "significantly delayed."
Hundreds of thousands of people are waiting for the US Environmental Protection Agency to issue its final ruling on the Renewable Fuel Standard (RFS). Over 110,000 signatures were collected by the group VoteVets.org (often politically active on energy issues), which delivered its petition with Congressman Bruce Braley (D-Iowa) to EPA Administrator Gina McCarthy. Over 35,000 of those signatures were from veterans and military family members.
The boxing match between ethanol supporters and opponents is heading into the final round, and it's looking like ethanol could go down pretty hard.
Many automakers are already and quietly ready for E15.