The ethanol industry is again under fire from critics who want to eliminate the federal mandate that oil companies blend biofuels into the gasoline supply.
>“There will be a push in our committee by some, Republicans and Democrats, to do away with the RFS, saying that it’s just completely unnecessary today, that we have enough gas and oil, that we just don’t need another fuel source, let alone subsidizing it,” Terry said.
An Environmental Protection Agency analysis found that the renewable fuel requirements will displace billions of gallons of petroleum-based fuel consumption, reduce domestic motor fuel prices and increase U.S. farm income. But it also found the potential for higher food prices.
In 2000, ethanol accounted for about 6 percent of the nation’s corn crop. Last year, it accounted for 40 percent of the corn crop.
That’s why the standard’s critics include the grocery industry and some livestock producers that want cheaper grain to feed their animals.<
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