Another victim of the Renewable Fuel Standard are people that eat food – that’s you. With more and more quantities of ethanol being diverted to fuel instead of food, the price of products like milk, eggs, meat or anything made with corn or its sweeteners has increased. Price-Waterhouse-Cooper along with the National Council of Chain Restaurants concluded that increased ethanol requirements will cost fast food and dine-in restaurants $2.5 billion and $691 billion respectively. This means that, due to the ethanol mandate, every restaurant in the U.S. pays around $18,000 extra for food, inflated prices that are certainly passed to consumers.
One myth that has been perpetuated by ethanol supporters is that it’s environmental preferable to fossil fuels. This has been conclusively disproven. Todd Searcher of Princeton University found that corn-based ethanol nearly doubles greenhouse emissions over 30 years, calling harvesting ethanol, a “carbon intensive process. Other studies from the National Research Council report that “production of biomass ethanol is projected to result in a higher release of air pollutants, such as ozone and sulfur oxide, than petroleum-based fuels.”
Even with data saying otherwise, ethanol supporters continue to promulgate fairytales leading people to believe that ethanol is the solution for all of the country’s energy needs. If ethanol is the solution it claims to be, then it should compete on a level playing field instead of being propped up by government mandates. For too long politicians have caved to ethanol special interests instead of standing up and pursuing policies that would unleash the American energy giant. Allowing a continuation of the status quo would be nothing short of a disaster.
The time has come to end the Renewable Fuel Standard. Americans for Tax Reform has created the website www.EndtheEthanolMandate.com where you can tell your Representative to do just that.
While there has been recent movement to “fix” the current law, the country would be better off if it was done away with all together. It is time to put the American people ahead of the ethanol lobby and repeal the Renewable Fuel Standard.