Fuels Standard May Be Modified, Not Likely Repealed

Spencer, IA:In the wake of last week’s two-day hearing on the Renewable Fuels Standard, an outright repeal of the RFS appears to be off the table.

Illinois Republican John Shimkus says there are not enough votes to repeal the RFS, as had been requested by oil and gas industry representatives.

Instead, House Energy and Commerce Committee Chairman Fred Upton appointed a task force to explore possible ways to reform the standard. The task force includes Shimkus, along with Cory Gardner of Colorado, Lee Terry of Nebraska and Steve Scalise of Louisiana.

The four Republicans will explore possible options for reforming the RFS, such as reducing annual blending mandates, before meeting with Democrats on the Committee.

The Renewable Fuels Standard requires higher levels of renewable to be blended into the nation’s fuel supply each year. The carve-out for renewables in 2014 is 14.4 billion gallons. That increases to 36 billion gallons by 2022.