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Dinneen says RFS an “unmitigated success”

Renewable Fuels Association president and CEO Bob Dinneen told a House Energy and Commerce subcommittee on Tuesday the Renewable Fuels Standard is an “unmitigated success” and there is no reason to change it. Dinneen says it has reduced our dependence on foreign oil, lowered gasoline prices, created jobs and lowered farm program payments.

Regarding charges by the livestock industry that the RFS2 is responsible for high feed prices, Dinneen noted that since RFS2, corn production has increased dramatically in the United States: “The average annual U.S. corn crop averaged 7.2 billion bushels in the 1980’s, 8.6 billion bushels in the 1990’s, 10.3 billon from 2000 to 2006 and 12.3 billion since RFS was enacted in 2007.” As a result, Dinneen says corn supplies available for non-ethanol uses including co-products left over from the ethanol industry have been larger on average since the passage of RFS2 than at any other time in history. “In other words, the emergence of ethanol as a major source of corn demand has not reduced the supply of corn available for other uses including livestock feed.”

Read Dinneen’s testimony here:

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