Farmers Cheer Trump’s Move to Allow for Year-Round Sale of E15; Big Oil Sulks

  • Staying true to a campaign promise, the Trump administration lifted restrictions to allow for the year-round sale of E15, a 15% corn-based ethanol, which was previously banned during the summer by the Obama administration to curb smog pollution.
  • EPA administrator Andrew Wheeler said: “As President Trump promised, EPA is approving the year-round sale of E15 in time for summer driving season.”
  • The move helps farmers who have struggled during the U.S.-China trade war. Farmers say this will increase the demand for corn-based ethanol.
  • A chief executive of a biofuel group said: “We estimate this one change will generate over a billion new gallons of ethanol demand in the next five years.”
  • However, lifting the restrictions draws the ire of Big Oil, “which views biofuels as competition for its petroleum-based fuels and has threatened to sue the Trump administration.”
  • The president and CEO of the American Fuel and Petrochemical Manufacturers trade group said: “EPA has left us no choice but to pursue legal action to get this unlawful rule overturned.”
  • The American Petroleum Institute says the Trump administration “lacks the authority to unilaterally lift the ban on E15 and that such a move should require an act of Congress.”
  • Environmental groups are worried about increased pollution and “an expansion of agriculture that would speed wildlife habitat loss.”

Reference Links

  • Reuters: Trump lifts curbs on E15 gasoline to help farmers, angering Big Oil READ
  • CNBC: UPDATE 1-Trump lifts curbs on E15 gasoline, delivering on promise to U.S. farmers READ
  • Washington Examiner: Daily on Energy: Trump’s ‘win-win’ for ethanol leaves refiners out in the cold READ

Be the first to comment

Leave a Reply

Your email address will not be published.


*