Friday, July 04, 2008

51 Republican Congresssmen Request Cut in Ethanol

The members of the U.S. House of Representatives sent a letter to the Environmental Protection Agency (EPA) requesting a reduction in the required ethanol production for this year because of fears that it will significantly increase already high corn prices.

The Renewable Fuel Standard (RFS) of the Energy Information and Security Act of 2007 requires 9 billion gallons of ethanol to be produced in 2008.

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