The Hagstrom Report

Agriculture News As It Happens


Biofuel producers thank Obama for RFS support

Eight biofuels groups today sent President Barack Obama a letter thanking him for his support of the renewable fuel standard, and urged him to continue that support.

“The development of our sector came as a result of the RFS, and proves out the theory that with the right market signals, the United States will emerge as the worldwide leader in the development of alternative fuels,” the groups said.

“Recent calls to suspend the RFS, while sometimes well-intended, are misguided and may actually worsen the consumer impacts of the drought,” the letter said. “For this reason, we urge you to stay the course on the RFS, which is the cornerstone of our efforts to reduce foreign oil dependence and create jobs and economic growth across America.”

The groups argued that:
  • Waiving the RFS will have a minimal impact on grain prices;
  • Weakening the U.S. commitment to renewable fuels will increase gas prices;
  • Altering or waiving the RFS will chill investment in advanced biofuels;
  • Waiving the RFS will destabilize a cornerstone of the U.S. economic recovery.

The letter was signed by the members of The Biofuels Producers Coordinating Council: Michael McAdams, Advanced Biofuels Association; Brooke Coleman, Advanced Ethanol Council; Mary Rosenthal, Algal Biomass Organization; Brian Jennings, American Coalition for Ethanol; Brent Erickson, Biotechnology Industry Organization; Tom Buis, Growth Energy; Anne Steckel, National Biodiesel Board; and Bob Dinneen, Renewable Fuels Association.