Two Days of RFS Hearings

The House Energy and Commerce Committee held two days of hearings on the Renewable Fuels Standard (RFS).  The witnesses included the biofuels industry and the end-users in which both sides continued to restate their strongly held positions.

The biofuels groups talked of the success of the RFS with ethanol keeping gasoline prices down and spurring investment in the next generation of biofuels, and no need for any legislative changes to the RFS.  The end-users testified that the RFS requirement raised the cost of fuel, increased feed costs, and should be repealed.

  Congressman John Shimkus (R-IL) said it was time for the two sides to come together and resolve this issue.  He indicated there were not the votes to repeal the RFS, but there were strong feelings among congressional members that the RFS standard needed to be modified.  

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