Unjust Fingerpointing

Good Fuels (Renewable Fuels Association)
by Tom Waterman on July 9, 2008

If EPA Grants Waivers, Repercussions Would be Swift and Painful

As the Environmental Protection Agency reviews congressional requests to relax rules mandating the use of ethanol, something the politicians haven’t thought about is what will happen if the rules are relaxed.

What mainstream media doesn’t get, from the Los Angeles Times to TIME magazine, is that it will guarantee that $5.00 gasoline occurs within a month of an announcement to grant Governor Perry’s request that the Federal ethanol mandate be cut in half. Crude oil prices would race toward $175 per barrel as the world’s largest petroleum consumer ramps up its appetite for oil.

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