09/13/13
By Erika Johnsen
(Hot Air) - Regular readers know that neither Jazz nor myself are exactly what you’d call “fans” of the Renewable Fuel Standard, the epically stupid federal requirement wherein refiners must blend an ever-increasing volume of regulators’ preferred biofuels, or else purchase credits to be excused from the requirement. Through the RFS and various other means, the federal government subsidizes and creates artificial market signals for biofuels — and the fact that biofuels, as everyone involved is perfectly well aware, are absolutely not environmentally friendly, not good for car engines, and jack up world food prices, is not a deterrent. The Big Ethanol lobby, too, much have its due.
Continue reading...
By Erika Johnsen
(Hot Air) - Regular readers know that neither Jazz nor myself are exactly what you’d call “fans” of the Renewable Fuel Standard, the epically stupid federal requirement wherein refiners must blend an ever-increasing volume of regulators’ preferred biofuels, or else purchase credits to be excused from the requirement. Through the RFS and various other means, the federal government subsidizes and creates artificial market signals for biofuels — and the fact that biofuels, as everyone involved is perfectly well aware, are absolutely not environmentally friendly, not good for car engines, and jack up world food prices, is not a deterrent. The Big Ethanol lobby, too, much have its due.
Continue reading...
No comments:
Post a Comment