Home Energy Big Oil Files Waiver to Cap Ethanol, Block Free Market Competition

Big Oil Files Waiver to Cap Ethanol, Block Free Market Competition

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Follooil.pumpwing the news that the American Petroleum Institute (API) and the American Fuel and Petrochemical Manufacturers (AFPM) filed a partial waiver of the Renewable Fuel Standard (RFS), requesting that total ethanol requirements be dropped to 9.7 percent, Tom Buis CEO of Growth Energy released the following statement:“The actions by API and AFPM are designed with one goal in mind –to eliminate any competition from clean, green biofuels in the liquid transportation fuels marketplace.

 

“It is time that oil companies and special interests stop worrying about maintaining their monopolistic practices and allow competition and choice in the marketplace. Not only should we provide consumers a choice and savings at the pump, we must stop putting our eggs in one basket when it comes to a national energy policy.

 

“Biofuels are a clean burning, reliable and sustainable alternative and it is time we start recognizing their cost savings and numerous benefits and end our addiction to a fossil fuels and Big Oil’s price gouging.”