Congress enacted the Renewable Fuel Standard (RFS) in 2005 and expanded it in 2007 to reduce America’s dependence on foreign crude oil by encouraging the use of domestic, environmentally friendly renewable fuels in our gasoline and diesel. Unfortunately, the RFS has been nothing more than many years of failed policy that is hurting consumers and businesses, and may ultimately force Americans to pay more at the pump.
“In the nearly 10 years since the establishment of the RFS, the program has fallen short
of its legislative goals and is in need of structural revision.”
Former Director of the Environmental Protection Agency’s Criminal Investigation Division
THE LOOMING CRISIS FOR THE U.S. ECONOMY __________________
The EPA must address the structural deficiencies of the Renewable Fuel Standard in order to prevent further significant harm to many merchant refiners and small refiners, as well as consumers and American businesses. ______________________________________________________________________ ___________________________
IF OIL REFINERS CRASH, SO WILL THE ECONOMY __________________
In a Wall Street Journal op-ed, Carl Icahn, Chairman of Icahn Enterprises, explains how the broken Renewable Fuel Standard program is ruining merchant oil refiners, which is bad for business and national security. _____________________________________________________________
RIN COSTS AND THEIR WIDELY VARYING IMPACT ON REFINERS AND REFINING
Amy Kalt, consultant and manager of analytical services at Baker & O’Brien, explains how the financial burden of Renewable Identification Numbers is not felt equally across the industry, as companies with integrated marketing operations (refining, blending and retailing) do not face the same RINs-cost albatross as merchant refiners who do not have retail operations. __
FIXING THE RENEWABLE FUEL STANDARD __________________
The Department of Energy in its 2011 study for Congress, predicted that parties that generated RINs through blending would have a significant economic advantage over refineries that complied by purchasing RINs.
THE RFS IS BROKEN AND MUST BE FIXED __________________
In an open letter to American consumers, Congress and the EPA, Jack Lipinski, CEO of CVR Refining, explains the issues with the RFS, why consumers should care and what the EPA needs to do to fix this broken program.
THE BROKEN RFS IS HURTING SMALL FUEL RETAILERS __________________
In addition to threatening the viability of many merchant and small refiners, the broken RFS is harming small fuel retailers. Please visit www.smallretailerscoalition.com to learn more about these issues and how they impact you.