Today in Biofuels Opinion: “The Renewable Fuel Standard (RFS) is a significant factor in the increased cost of commodities”

Rep. Bob Goodlatte of Virginia, supporting an RFS waiver: “The Renewable Fuel Standard (RFS) is a significant factor in the increased cost of commodities, which is causing severe economic harm for low-income Americans and livestock producers. The (Bush) administration can immediately impact the supply of corn that will be used for food and feed and lessen the severe economic harm facing millions of Americans.”

Russell Gold of the Wall Street Journal: “It sounds too good to be true. Take some fallow land that is unsuited for growing food. Build some ponds and let microscopic algae bloom. Harvest the algae, extract the vegetable oil and turn it into a green-tinged transportation fuel. The truth is, it is too good to be true — at least right now.”

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