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.
Tagged: foreign oil
Earlier this month, Representatives Jared Polis (D Colorado), Ben Ray Luján (D New Mexico), and Ann Kuster (D New Hampshire) introduced the National Renewable Electricity Act of 2013 (RES Act) into the US House of Representatives. If the law is passed, it will raise electricity prices for Americans for questionable environmental gains.