Ron Paul: Why Trump must tackle the renewable fuel standard
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Title : Ron Paul: Why Trump must tackle the renewable fuel standard
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Title : Ron Paul: Why Trump must tackle the renewable fuel standard
link : Ron Paul: Why Trump must tackle the renewable fuel standard
news-today.world | President Trump and EPA Administrator Scott Pruitt will have an opportunity in coming weeks to increase manufacturing jobs and bolster U.S. exports by simply cutting back on the red tape of the Renewable Fuel Standard (RFS).
Although every source of energy – wind, solar, renewable, carbon-based and the rest – has a place on the market, the RFS includes a government-imposed requirement mandating that a specified amount of renewable fuels are mixed into at least 15 billion gallons of America's diesel fuel and gasoline annually.
Refiners blend ethanol made from corn into fuel to meet this RFS requirement, and as a result farmers who grow corn and politicians from corn-growing state support the RFS. More corn is produced in Iowa than any other state.
No one said that draining the swamp would be easy. While lobbyists and officialsrepresenting corn states have been fighting President Trump’s EPA every step of the way, I am still hopeful that the White House will make the decision that benefits the economy at large.
To satisfy Washington bureaucrats, refineries and distributors must either produce the mix of fuel containing ethanol on their own; purchase credits – called Renewable Identification Numbers (RINs) from someone who can blend it; or import renewables from overseas that qualify for RINs credits.
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Although every source of energy – wind, solar, renewable, carbon-based and the rest – has a place on the market, the RFS includes a government-imposed requirement mandating that a specified amount of renewable fuels are mixed into at least 15 billion gallons of America's diesel fuel and gasoline annually.
Refiners blend ethanol made from corn into fuel to meet this RFS requirement, and as a result farmers who grow corn and politicians from corn-growing state support the RFS. More corn is produced in Iowa than any other state.
No one said that draining the swamp would be easy. While lobbyists and officialsrepresenting corn states have been fighting President Trump’s EPA every step of the way, I am still hopeful that the White House will make the decision that benefits the economy at large.
To satisfy Washington bureaucrats, refineries and distributors must either produce the mix of fuel containing ethanol on their own; purchase credits – called Renewable Identification Numbers (RINs) from someone who can blend it; or import renewables from overseas that qualify for RINs credits.
More
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You are now reading the article Ron Paul: Why Trump must tackle the renewable fuel standard With link address https://newstoday-ok.blogspot.com/2017/12/ron-paul-why-trump-must-tackle.html