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Calling EPA biofuels policy 'absurd,' petroleum group sues agency
Posted by: Ito ()
Date: July 25, 2012 08:42PM

The American Petroleum Institute has sued the Environmental Protection Agency, challenging the agency's requirement that refiners use cellulosic biofuels or pay a fee. The problem: the biofuels don't actually exist – there was no commercial supply available in 2011, the institute asserts.

Calling the EPA requirement "unattainable and absurd," Bob Greco, the institute's director of downstream and industry operations, said in a news release that the mandate is "effectively an added tax on gasoline manufacturers that could ultimately burden consumers."

More:
http://www.law.com/jsp/nlj/PubArticleNLJ.jsp?id=1202564386165&Calling_EPA_biofuels_policy_absurd_petroleum_group_sues_agency

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Re: Calling EPA biofuels policy 'absurd,' petroleum group sues agency
Posted by: trogdor! ()
Date: July 25, 2012 09:37PM

Hilarious.

They should just mandate that all refining is accomplished using a dilithium-crystal-free warp drive. Or else you forfeit your refineries to the government.

They might as well just go for complete control of the economy.

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Re: Calling EPA biofuels policy 'absurd,' petroleum group sues agency
Posted by: Lester ()
Date: July 25, 2012 09:45PM

Last year, it was 6 million gallons. So, there must be a supply. They've relaxed requirements in the past. They'll probably relax it again until the market catches up.

http://www.minyanville.com/sectors/energy/articles/bp-oil-energy-sector-gas-epa/7/16/2012/id/42423

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Re: Calling EPA biofuels policy 'absurd,' petroleum group sues agency
Posted by: trogdor! ()
Date: July 25, 2012 09:50PM

Lester Wrote:
-------------------------------------------------------
> Last year, it was 6 million gallons. So, there
> must be a supply.

According to the first article, they dropped the requirement from 250 million gallons to 6 million for 2011. However.... "...according to data on the EPA's website, there was no commercially available fuel in 2011. That meant refiners must pay EPA for biofuel waiver credits in lieu of the fuel. Credits cost $1.13 per gallon. "

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Re: Calling EPA biofuels policy 'absurd,' petroleum group sues agency
Posted by: Lester ()
Date: July 25, 2012 10:11PM

They're being penalized for the only cellulosic biofuel producer Range Fuels' inability to supply the market, having gone out of business.

http://news.cnet.com/8301-11128_3-57336540-54/cellulosic-ethanol-maker-range-fuels-goes-belly-up/

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