The oil industry should focus on saving money by investing in infrastructure to comply with the Renewable Fuel Standard rather than complaining about the price of Renewable Identification Numbers, writes Geoff Cooper, vice president of research and analysis at the Renewable Fuels Association. Upgrading the fuel distribution system would cost very little. "[T]he higher-ethanol blend infrastructure necessary to bridge the gap between the infamous E10 "blend wall" ... and the 2013 RFS requirement of 13.8 billion gallons would cost about $30 million -- or $0.00023 per gallon of expected 2013 gasoline sales," Cooper writes.

Related Summaries