Mich. benefits from biofuel standard, exec says

11/17/2013 | Detroit Free Press

The Renewable Fuel Standard is good for Michigan's economy because it puts downward pressure on fuel prices and cuts the nation's reliance on imported petroleum, according to Jim Zook, executive director of the Michigan Corn Growers Association, in response to an anti-ethanol story from The Associated Press. The economic impact of the RFS in Michigan comes to $433.3 million, Zook writes. Last year alone, the RFS helped cut U.S. dependence on imported oil by $44 billion and displaced the equivalent of more than 462 million barrels of foreign oil from the nation's fuel pool, Zook states.

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