Growth Energy strikes back at API’s newest misinformation campaign

In Washington, following the American Petroleum Institutes’ recent release of skewed data used to advance their flawed agenda to repeal the Renewable Fuel Standard (RFS), Tom Buis CEO of Growth Energy knocked them for their disconnect with reality.

“Once again, API has held another press conference to distribute misleading information in an attempt to roll back the most successful energy policy our nation has ever enacted and prevent consumers from choice and savings at the pump.

“Apparently API thought it was a good idea to make the 1,000th day that gasoline has averaged more than $3 a gallon to announce a policy agenda designed to keep us addicted to fossil fuels foreign oil and high gas prices. Talk about irony and a total disconnect from reality. We have lowered our foreign oil imports by approximately 20 percent since the RFS was enacted in 2005 and API wants to roll back our progress to retain their market share and record profits. Seems to me they are aiming for another 1,000 days of record profits and consumer pain at the pump.”

“Currently ethanol is trading 80 cents lower that regular unleaded gasoline. This is about market share, plain and simple. Big Oil is looking to block any alternatives that are less expensive and threaten their bottom line.”