This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

AFPM Files Comments On EPA's Unworkable RFS

      

WASHINGTON, April 8, 2013 /PRNewswire-USNewswire/ -- The American Fuel & Petrochemical Manufacturers (AFPM) filed formal comments detailing the problems and harmful consequences caused by the Environmental Protection Agency's (EPA) proposed rule Regulation of Fuels and Fuel Additives: 2013 Renewable Fuel Standard (RFS).

(Logo: http://photos.prnewswire.com/prnh/20120125/MM41823LOGO )

Despite the fact that the Energy Independence and Security Act of 2007 (EISA) provides EPA tools to adjust the volumes of renewable fuels in response to market conditions and amid an environment of declining gasoline demand, the Agency has refused to utilize flexibility provided under the law to reduce the amount of ethanol that will be mandated under the RFS and continues to set cellulosic biofuel standards that are divorced from reality.

"I have long asserted that the RFS is broken and is harmful to countless parties, but nothing has been done to address the problems it has created," said AFPM President Charles T. Drevna. "What is needed today is a rational and objective approach to deal with the consequences of the RFS, instead of the biased decisions that have marked this failed policy since its inception."

AFPM pointed out the severe economic harm that would result from a mandate to blend ethanol in amounts exceeding 10 percent of the gasoline supply.  Independent studies have confirmed that mid-level ethanol blends will damage existing gasoline engines and fuel delivery infrastructure.  AFPM called upon EPA to utilize its existing authority to waive the RFS requirements in the face of these technological realities.

Read the full comments here.

About AFPMAFPM, the American Fuel & Petrochemical Manufacturers is a trade association representing high-tech American manufacturers of virtually the entire U.S. supply of gasoline, diesel, jet fuel, other fuels and home heating oil, as well as the petrochemicals used as building blocks for thousands of vital products in daily life. AFPM members make modern life possible and keep America moving and growing as they meet the needs of our nation and local communities, strengthen economic and national security, and support 2 million American jobs.

SOURCE American Fuel & Petrochemical Manufacturers

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs