April 17. 2015 10:02PM
It’s time to repeal the costly Renewable Fuel Standard
Michael James Barton
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In a rare act of bipartisanship, Sens. Pat Toomey, R-Penn., and Diane Feinstein, D-Calif., recently introduced a bill that would repeal the corn ethanol mandate in the Renewable Fuel Standard.
That’s good news for American workers and families.
Although Congress created the Renewable Fuel Standard with good intentions, it’s no longer workable. Instead of bolstering energy security as intended, the RFS is merely undermining the economic success of our recent energy boom while posing a threat to the environment and even raising food prices. It’s time for Congress to repeal the fundamentally broken RFS.
Congress created the RFS under the Energy Policy Act of 2005. The intention was to simultaneously reduce dependence on expensive foreign oil while lowering greenhouse gas emissions. The act mandated that each year an increasing amount of biofuels be blended into transportation fuels.
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Why should politicians be interfering in the pseudo “free market” anyway?
I do NOT stipulate their “good intentions” EVER!
When they first proposed this whopper, everyone said it will hurt the poor WORLDWIDE by raising food prices.
And, wow!, now they discover that the world has changed.
Separation of Food and State, Energy and State, and whatever else we can separate.
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