Case Soon to be Closed
Texas Gov. Rick Perry doesn’t like a new federal law that means more ethanol. The cattle ranchers in the governor’s state aren’t happy about it because it means more competition for corn.
So he’s asked the federal Environment Protection Agency to waive half the Renewable Fuel Standard. The EPA has to give him an answer by July 25.
We think they’ll turn him down. Here’s why: Gov. Perry did not prove that more ethanol, which holds down gas prices, will hurt his state. In fact, according to the renewable fuels industry, which filed responses to the governor, ethanol’s many economic benefits — starting with cleaner, cheaper fuel — far outweigh higher corn prices.
Follow the links below to read the filings.
Sources:
Renewable Fuel Association. “Comments of the Renewable Fuels Association on the Request from the State of Texas for a Waiver of a Portion of the Renewable Fuel Standard, 73 Fed. Reg. 29,753 (May 22, 2008).” June 23, 2008.
American Coalition for Ethanol. “Comments on the Request from the State of Texas for a Waiver of a Portion of the Renewable Fuels Standard, 73 Fed. Reg. 29,753 (May 22, 2008).” June 23, 2008.
