World Bank: Next victim of cheap oil is renewable fuel
Washington Examiner discusses the Renewable Fuel Standard with Marlo Lewis.
The situation has made the Environmental Protection Agency's flagship biofuel program, the Renewable Fuel Standard, vulnerable to calls for Congress to repeal the mandate. On Monday, the free-market Competitive Enterprise Institute issued a report calling for the repeal of the RFS going into a heated election season.
"Congress should repeal the Renewable Fuel Standard so that consumer preference and competition, rather than central planning policies, determine which fuels succeed or fail in the U.S. marketplace," said Marlo Lewis, the group's senior fellow and author of the report.
Read the full article at Washington Examiner.