API Applauds Administration’s Decision To Reject Moving The RFS Point Of Obligation Proposal

Source: By API • Posted: Tuesday, November 28, 2017

Recently API welcomed the Environmental Protection Agency’s decision to reject petitions to change the point of obligation for compliance with the Renewable Fuel Standard from refiners to other businesses including shipping companies, railroads, and fuel marketers.

“We applaud the administration for denying petitions to move the point of obligation for the RFS,” said API Downstream Group Director Frank Macchiarola. “Now, we need to turn our attention to repealing and or significantly reforming the ethanol mandate which was instituted when America’s energy picture was very different. Without real reform today consumers could be forced to pay more at the pump and at the repair shop because the majority of vehicles on the road today were not designed to use higher blends of ethanol in gasoline.

“We need to reform outdated energy policies to reflect the energy realities of today and tomorrow. We continue to urge Congress to pass legislation to fix the ethanol mandate so that the consumers are provided with real choice in the marketplace.”

API is the only national trade association representing all facets of the oil and natural gas industry, which supports 10.3 million U.S. jobs and nearly 8 percent of the U.S. economy. API’s more than 625 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 40 million Americans.