Just last week, the Obama Administration lowered the volume of ethanol that the fuel industry must blend into the U.S. gasoline supply, marking a notable shift in the Administration’s biofuel policy. Predictably, the renewable fuels lobby criticized the rule for hurting farmers, consumers, and increasing our dependence on costly imported oil. The Administration made the right call, however, acknowledging the reality of how rapidly the U.S. energy outlook has changed since the renewable fuels mandate was put in place.
The Great Debate
Growing power consumption and the U.S. administration’s plan to rely more heavily on renewable generation sources will increase the demand on America’s already overloaded electricity grid and require major investment in transmission and distribution networks.