RFS should be repealed

04/17/2013 | Forbes

The Renewable Fuel Standard should be repealed because of its effects on the corn market, which ripple across the economy, writes Robert Bradley, CEO of the Institute for Energy Research. "By 2015, 15 billion gallons must be incorporated into the nation's gasoline supply, representing roughly 10 percent of the fuel blend. That in itself poses a significant threat to the U.S. economy by further spiking the prices of corn and gas, commodities crucial to almost every individual in the country," he writes. He argues that the coming costs of the RFS will hurt consumers.

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