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Oil Lobby Optimistic on Repealing Renewable Fuel Standard

"The American Petroleum Institute is optimistic it can convince a majority in the House to endorse reforming or repealing the renewable fuel standard (RFS)," The Hill reports.  

"API has counted 205 representatives who have either signed letters or co-sponsored legislation to reduce the amount of renewable fuels that refiners must blend or repeal the mandate altogether."  

"API wants the standard completely repealed because of the cost to fuel refiners, the damage renewable fuels can cause to engines, the limited availability of the fuels and other factors. But the group also endorses significant changes to the rule that would reduce the annual volume mandates the Environmental Protection Agency sets for refiners."

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