Big Oil spreads myths about RFS

05/24/2013 | TheEnergyCollective.com

The Renewable Fuel Standard is under attack from Big Oil, but not because it isn't working as designed, writes Geoff Cooper, vice president of research and analysis at the Renewable Fuels Association. One myth being spread is that ethanol isn't needed because of the boom in domestic oil production. However, the Energy Information Administration predicts production will decline starting in 2020, he writes. "The truth is, the RFS scares the pants off of the oil industry -- and it should. Faced with the prospect of losing even more market share to renewable fuels like ethanol, the oil industry has pulled out all the stops to demonize the program and muddle the public discourse over renewable fuels," he writes.

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