Thank you all for testifying. Mr. Grundler, the EPA's recent use of the waiver authority, I assume that means you all decided that hitting the blend wall was a real threat.
I am very concerned that is a temporary Band-Aid and we really need some more wholesale look at this law.
The USDA has said that the mandate played a part in driving up U.S. food prices 3 to 4 percent last year.
The World Bank says that corn-based ethanol in the U.S. is driving up grain prices by up to 8 percent worldwide.
In February, I introduced legislation to prohibit EPA from allowing gasoline blends with E15 to be used in passenger cars and trucks.
Automakers have announced that fueling your car with higher than 10 percent ethanol blends will void warranties.
Would you expect that action this year to be a long-term solution?
Thank you, Chairman Boxer, for convening today's hearing.
Further highlighting my point is the absence of the Energy Information Administration.
I will oppose amendments that do that. And so it is just going to be about that sort of important reform to this program.
The goal of that bill is to make this program far more workable and take out the threat of hitting the blend wall.