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Ethanol, Ag Groups Lambast Oil Refiner Attempts to Gain RFS Relief
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Refinery Renews Plea for Reform of Biofuel Standard as Credit Prices Inflict More Financial Pain – Advanced BioFuels USA
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Matt Lucey
Regarding Oil industry games in the Delaware Valley are played out, April 8:
Jan Koninckx’s recent missive in The News Journal that criticized PBF Energy’s stance on the federal Renewable Fuel Standard or RFS was a misrepresentation of a broken federal program that threatens the viability of America’s refining sector. If the RFS’ flaws are not addressed, American energy security and good-paying refinery jobs will continue to be at risk, including thousands of jobs in Delaware.
At its core, the RFS is currently a $25 billion stealth tax that two parties pay you the consumer and merchant refiners like PBF Energy. Instead of going to the government to fund infrastructure, the proceeds subsidize large, integrated oil companies and large retailers for simply engaging in their core, profitable businesses.