Hardly a week goes by when government’s around the world don’t take some action that undermines their own purported climate goals (which is okay with me since I think reducing greenhouse gas emissions is worse than a fools errand), science as an institution and the pursuit of knowledge or human progress and prosperity (the latter to are unmitigated bads).
The Renewable Fuel Standard (RFS)—also known as the ethanol mandate—was passed by Congress in 2005 and expanded in 2007. Regardless of market conditions, it required ever-increasing quantities of biofuel be blended into the nation’s gasoline supply—though the Environmental Protection Agency (EPA) does have the flexibility to make some adjustments based on conditions, such as availability and infrastructure.
It’s planting season, and farmers are taking to the fields to put food on our tables. Even though Ted Cruz has withdrawn from the presidential race, his victory in the Iowa Caucuses caused political pundits of all stripes to speculate about the future of the Renewable Fuels Standard (RFS) and the corn ethanol mandate, largely because someone, Cruz, had finally campaigned against the ethanol mandate and managed to win in Iowa. While some wonks in Washington, DC may talk about a political end for the ethanol mandate, for the nation’s farmers, the biofuel bubble has already burst.
America’s abysmal 0.7% economic growth during the fourth quarter of 2015 meant the annual growth rate was an anemic 2.4% … and average annual growth for the six-year Obama era a pathetic 2.2 percent.
President Reagan once said, “The nearest thing to eternal life we will ever see on this earth is a government program.” The omnibus budget package being negotiated on Capitol Hill is a perfect example.
Congress concocted the mandates over fears that US gasoline demand would rise forever and keep the United States dependent on foreign oil, as America’s supposedly limited reserves were depleted. The mandates currently require that we blend 15 billion gallons of ethanol with gasoline every year, and produce over a billion gallons of biodiesel. They hammer us consumers every time we fill our tanks.
The global energy outlook has changed radically in just six years. President Obama was elected in 2008 by voters who believed we were running out of oil and gas, that climate change needed to be halted, and that renewables were the energy source of the near future.
TweetNumerous articles document how European climate policies have been disastrous for affordable energy, economic growth, entire industries, people’s jobs and welfare, wildlife habitats and human lives. Even the IPCC, BBC[…]
TweetAs opposing camps gear up for the coming war this Congress over the Renewable Fuel Standard (RFS), we should prepare ourselves for a constant bombardment of claims and accusations designed[…]
Tweet[First posted at Warning Signs.] The rocketing costs of gasoline and the price of corn being paid worldwide are the result of U.S. government mandates requiring the inclusion of ethanol[…]
TweetOn the orders of President Theodore Roosevelt, from December 16, 1907, to February 2, 1909, two squadrons of naval vessels circumnavigated the globe in a display of the United States’[…]