Political Quotes

“in this Energy bill we are considering, we are going to offer an amendment regarding the renewable fuel standard--also called the RFS. The RFS requires that fuel sold in the United States contain a minimal amount of renewable fuels. You know it because when you go to the gas pump, it says: contains 10 percent ethanol. The RFS is outdated. It was created in 2005--a time when American energy consumption relied heavily upon foreign imports. It was thought that the renewable fuel standard will be good for the environment by decreasing the carbon footprint, but in the last 10 years our energy landscape has changed dramatically. We now have more domestic oil than almost ever before, and the drawbacks of the RFS greatly outweigh its benefits. For example, the Congressional Budget Office projects that Americans will be forced to pay $0.13 to $0.26 more per gallon if the RFS is not repealed. For a mom and dad with two teenage sons, this would be $400 a year, but it doesn't stop at the pump. Over the last 10 years, the price of corn has drastically fluctuated. Corn costs have approximately doubled since before the RFS began. The corn price increasing has increased the cost of food as much as 7 percent to 26 percent it is estimated per year. It also raises costs all the way down. For example, your chain restaurants are estimated to spend $3.2 billion more for the food they purchase and serve to their customers because of the RFS.…”