A Wall Street Journal editorial was wrong to criticize the Environmental Protection Agency for not rushing to judgment on a petition for a temporary suspension of the Renewable Fuel Standard, writes Bob Dinneen, president and CEO of the Renewable Fuels Association. President Barack Obama and GOP presidential candidate Mitt Romney both back the RFS, as did former President George W. Bush, because they understand that U.S. ethanol production is not driving up global food and fuel prices, Dinneen states. U.S. ethanol production utilizes just 3% of global corn stocks and returns the kernel's non-starch components back to the market in the form of nutrient-rich animal-feed products, Dinneen notes.

Related Summaries