NEW YORK/WASHINGTON, May 12 (Reuters) – Six months ago the
U.S. oil industry scored a surprise win against farm groups when
the Obama administration proposed slashing the amount of ethanol
refiners must blend into gasoline, a move that could save them
billions of dollars.
Stunned by the reversal, producers of the corn-based biofuel
and their supporters are now fighting back ahead of a June
deadline for the Environmental Protection Agency (EPA) to make a
final decision on the cut.