Legislation to repeal the corn ethanol mandate has been introduced in the House by an oil state Representative. Oklahoma Congressman James Lankford’s measure would repeal the mandate under the RFS and would also require the remaining mandates set by the RFS to be fulfilled with domestic production. Renewable Fuel Association’s Senior Vice President Geoff Cooper says the bill doesn’t stand a chance of passing.
Cooper says ethanol today is almost a dollar a gallon cheaper than wholesale gasoline and it decreases emissions more than 30 percent over what gasoline does. Cooper also says while Lankford calls ethanol a “phantom fuel”, there’s a lot of it available for all uses.
Lankford claims that the Renewable Fuel Standard is not meeting its original purpose of achieving American energy independence and its mandates are overburdening American consumers, energy refiners and producers.