If the Renewable Fuels’ Standard was a person, it would look like it had called Mike Tyson a wimp. The legislation, which is intended to protect the biofuels’ industry, has been picked apart by vultures at the Environmental Protection Agency and big oil. One of the authors of the RFS talked with me about the intent of the RFS and the abuse it has taken.
Former Missouri Senator Jim Talent was one of a few bipartisan lawmakers who drafted the RFS. Now he is a co-chair with Americans for Energy Security and Innovation. Talent talks about the process which went into it.
However, Talent says the oil industry has fought it the whole way and recently found success. The success is costing rural communities good jobs at a time when farmers are hurting from a trade war with China.
Talent says it seems ironic that President Trump is getting the message now when lawmakers on both sides of the aisle, including Iowa Senators Chuck Grassley and Joni Ernst, have been making the message very plain to him for quite some time.
Talent says the time to fix the damage to the RFS is right now.