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Biofuels Industry’s Claims for RFS don’t Stack Up

In a last ditch effort to drum up support from lawmakers in light of the recent Environmental Protection Agency (EPA) proposal that would decrease the amount of biofuels required by the Renewable Fuel Standard (RFS) in the nation’s fuel supply from 18.15 billion gallons to 15.21 billion gallons[1], representatives from biofuels companies recently flocked to [...]

“Risky Business” Nonsense

The unlikely trio Michael Bloomberg, Hank Paulson, and Thomas Steyer are the co-chairs of a new study, “Risky Business.” It purports to quantify the economic risks of climate change threatening the United States, if the government fails to take action to curb greenhouse gas emissions. The choice of three titans from the financial world as [...]

CBO Reports Higher Gasoline Prices if RFS Target is not Lowered

Last week the Congressional Budget Office (CBO) produced a report on the feasibility of complying with the Renewable Fuel Standard (RFS), a federal mandate that requires minimum volumes of renewable fuels to be blended into transportation fuels.  The original volume mandated by the Energy Independence and Security Act of 2007 (EISA) for 2014 is 18.15 [...]

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Why This Matters

The United States is estimated to have 9,000 years worth of coal resources at current levels of consumption.