Ron Paul: Is Trump’s America First Energy Policy Being Hijacked?
by Ron Paul
13 Jun 2018Whatever differences they may have with him aside, libertarians and free-market conservatives should be pleased with President Donald J. Trump’s support for reforming or repealing federal dictates that help foreign businesses and harm US workers. An example of this is the Renewable Fuel Standard (RFS).
The RFS mandates that refineries create a set number of renewable fuel gallons each year. Although only the largest refineries are capable of blending ethanol into fuel themselves, all refiners are required to take part.
The government measures compliance through each refineries’ holding of a satisfactory number of Renewable Identification Number (RINs) credits, which Washington assigns to each gallon of approved biofuel. The only recourse for the large percentage of small refiners that are incapable of blending themselves is purchasing surplus RINs credits from those who mix more than necessary.
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http://www.breitbart.com/big-government/2018/06/13/ron-paul-is-trumps-america-first-energy-policy-being-hijacked/
