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Biofuels

BiofuelsIn 2005, President Bush signed the Energy Policy Act of 2005, launching the Renewable Fuel Standard and bolstering the domestic biofuels industry.1
Source:
U.S. EPA, October 2014
http://1.usa.gov/1zM9nTN


The Renewable Fuel Standard mandates that an increasing amount of biofuels be blended into the national fuel supply each year. That’s helped hold down fuel prices: according to research at Iowa State University, the renewable fuel standard reduces the average price of a gallon of gasoline by $1.09.2
Source:
Iowa State University, May 2012
http://bit.ly/1JbUX7S
It also weans us off of foreign sources of oil: renewable fuels contribute more volume to the U.S. fuel supply than the gasoline refined from oil imports from Saudi Arabia.3
Source:
Renewable Fuels Association
http://bit.ly/19uOy8w
Most of all, the biofuels industry supports a thriving rural economy. The industry supports anywhere from 236,0004
Source:
IRENA, May 2014
http://bit.ly/1EUh3Fa
to 852,0005
Source:
Fuels America
http://bit.ly/19lnbNE
jobs in the U.S.

Also thanks to the Renewable Fuel Standard, a nascent advanced biofuels industry has gotten off the ground. The first commercial scale cellulosic ethanol (ethanol made entirely from non-food farm waste) opened last year in Iowa.6
Source:
Des Moines Register, September 2014
http://dmreg.co/1ETGTeI
 Several more have opened since. However, the EPA was delayed in issuing Renewable Fuel Standard volumes for 2014-2015, and the current proposed volumes are below what the biofuels industry is capable of producing. Because of this, the industry remains mired in uncertainty.

  Aug 06, 2015  |    Sydney Morning Herald, August 2015




  Jun 19, 2015  |    International Energy Agency, April 2011

  May 20, 2015  |    International Renewable Energy Agency

  May 07, 2015  |    Reuters, May 2015

  Apr 29, 2015  |    Morning Consult, April 2015

  Sep 04, 2014  |    The Hill

  Apr 22, 2014  |    Environmental Research Letters

  Jan 24, 2014  |    Renewable Fuels Association


  Feb 15, 2013  |    American Security Project

  Jun 15, 2012  |    Renewable Fuels Association

  Jun 14, 2012  |    U.S. Energy Information Administration

  Jun 14, 2012  |    U.S. Air Force


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