CSPAN3 Federal Officials Testify On The Renewable Fuel Standard December 5, 2016
Good afternoon, everyone. Welcome to the renewable fuel standard committee. I am continued to continuing oversight until we find the solution to what has become this deeply flawed program. In 2005, congress established the rfs with the goal of reducing our nations independence on foreign oil and lowers Greenhouse Gas by demanding that biofuels be blended with other fuels until 2022. After that time, they will have bide latitude to decide the volume of biofuels that must be blended into the gas link supply. It has changed dramatically since 2005 and 2007 revision. Demand for oil is lower, due t...