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    The document summarizes various perspectives on the impact and effectiveness of the Renewable Fuel Standard (RFS). Supporters argue that the RFS supports rural jobs and infrastructure, creates competition that offers more affordable fuel options, spurs economic growth and investment in domestic energy production, reduces emissions, and decreases gas prices through competition. Critics contend that moving the point of obligation for compliance would eliminate competition and give major refiners an unfair advantage over small businesses.

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    PHPQF YFf Y

    Uploaded by

    NATSOInc
    45 views1 page
    The document summarizes various perspectives on the impact and effectiveness of the Renewable Fuel Standard (RFS). Supporters argue that the RFS supports rural jobs and infrastructure, creates competition that offers more affordable fuel options, spurs economic growth and investment in domestic energy production, reduces emissions, and decreases gas prices through competition. Critics contend that moving the point of obligation for compliance would eliminate competition and give major refiners an unfair advantage over small businesses.

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    The document summarizes various perspectives on the impact and effectiveness of the Renewable Fuel Standard (RFS). Supporters argue that the RFS supports rural jobs and infrastructure, creates competition that offers more affordable fuel options, spurs economic growth and investment in domestic energy production, reduces emissions, and decreases gas prices through competition. Critics contend that moving the point of obligation for compliance would eliminate competition and give major refiners an unfair advantage over small businesses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    45 views1 page

    PHPQF YFf Y

    Uploaded by

    NATSOInc
    The document summarizes various perspectives on the impact and effectiveness of the Renewable Fuel Standard (RFS). Supporters argue that the RFS supports rural jobs and infrastructure, creates competition that offers more affordable fuel options, spurs economic growth and investment in domestic energy production, reduces emissions, and decreases gas prices through competition. Critics contend that moving the point of obligation for compliance would eliminate competition and give major refiners an unfair advantage over small businesses.

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    of 1

    WHAT PEOPLE ARE SAYING:

    THE IMPACT OF SHIFTING RENEWABLE FUEL STANDARD COMPLIANCE


    THE RFS IS WORKING

    There's going to be a lot of saber-rat- the RFS ensures that oil companies
    tling, but it supports too many jobs give biofuels a chance to compete at
    and too much rural infrastructure is set up for it. the pump, which creates competition and offers
    The Renewable Fuel Standard is solid. consumers more affordable fuel options.
    Agriculture Secretary Tom Vilsack Delayne Johnson, CEO, Quad County Corn Processors

    Engineers at ethanol and biodiesel facilities across the nation produce the
    most cost-effective biofuels in the world, lowering gas prices for all Americans
    and bringing high-paying jobs to rural areas.
    Congressional Biofuels Caucus Co-chairs Congressman Collin C. Peterson (D-MN), Congressman Rodney Davis
    (R-IL), Congresswoman Kristi Noem (R-SD), and Congressman Dave Loebsack (D-IA)

    THE RFS SPURS ECONOMIC GROWTH

    [The RFS] really has spurred investment in domestic energy production, its
    helped grow our economy throughout the Midwest, especially in those rural
    areas, and it's brought a lot of competition needed competition to the gas pump, and
    saves American consumers money and reduces reliance on foreign oil sources.
    U.S. Senator Joni Ernst (Iowa)

    Studies show that Iowas renewable


    Ethanol alone has boosted
    fuels industry accounts for more than
    household incomes by $23.5 billion
    $4.6 billion of Iowas Gross Domestic Product and
    and supported more than 350,000 jobs, many of
    generates $2.3 billion in income for Iowa
    which are here in South Dakota.
    households.
    Roger Johnson, President, National Farmers Union
    U.S. Senator Chuck Grassley (Iowa)

    THE RFS REDUCES EMISSIONS

    The RFS has reduced


    Ethanol production from last year
    transportation-related pollutants
    reduced greenhouse gas emissions by
    across the board. Last year, ethanol use lowered
    40 million metric tons the equivalent of
    greenhouse gas emissions by 34 percent
    removing 8.4 million cars from the road.
    compared to gasoline
    Renewable Fuels Association
    Emily Skor, CEO, Growth Energy

    THE RFS DECREASES GAS PRICES

    Moving the point of obligation eliminates our The key point that is neglected in the
    ability to compete and gives major refiners a arguments of those who want to
    significant unfair advantage over small businesses in move the point of obligation is that added refiner
    small markets across the country. Liquidity and costs from complying with the RFS are passed on
    competition are what keep fuel prices low. to blenders through higher gasoline prices.
    Mark Griffin, President, Pro Petroleum Bruce Babcock, Gabriel Lade, Sebastien Pouliot, Economists,
    Iowa State University

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