Mon, Dec 22, 2014, 2:06 AM EST - U.S. Markets open in 7 hrs 24 mins


% | $
Quotes you view appear here for quick access.

Exxon Mobil Corporation Message Board

  • bluecheese4u bluecheese4u Feb 16, 2013 1:09 AM Flag

    Bill Blocks Increased Ethanol Blend for Gasoline

    Bill Blocks Increased Ethanol Blend for Gasoline

    Feb. 15, 2013 Source: Office of Sen. Roger Wicker
    Comments 0
    PHOTO Karen McMahon

    U.S. Senators Roger Wicker (R-MS) and David Vitter (R-LA) on Thursday, introduced legislation to block an increase in the amount of ethanol that can be blended with gasoline. The bill would overturn Environmental Protection Agency (EPA) waivers that allowed gasoline containing 15% ethanol (E15) to be used for many passenger cars and light trucks.

    The higher blend of ethanol has been found to cause engine damage, reduce fuel efficiency and contribute to higher corn prices and rising food costs for American consumers.

    The Wicker-Vitter bill would prohibit the EPA administrator from granting any waiver for a blend above 10% ethanol and would repeal the previous waivers.

    “EPA’s flawed waivers allowing E15 amount to government bureaucrats issuing short-sighted regulations that negatively impact families and businesses across the country,” says Wicker, a member of the Environment and Public Works (EPW) Committee. “The concerns surrounding E15 that existed prior to the waivers have increased instead of diminished.”

    “Whether you drive a car, truck, boat or tractor, misfueling with E15 could result in engine failure, increased emissions and the voiding of warranty coverage,” Vitter says. “It is irresponsible for EPA to allow E15 without sufficient testing and technical analysis. I support an all-inclusive energy strategy, but experimenting before understanding the consequences and potential cost of using E15 is unfair to consumers.”

    EPA issued two waivers to permit the use of E15. The first, in 2010, was for use in cars and light trucks model year 2007 or later. The second, in 2011, allowed E15 to be used in vehicles model year 2001 to 2006.

    In November 2012, AAA urged the Obama administration to halt the sale of E15 because of possible engine damage. AAA said it found in a survey a strong likelihood of consumer confusion and the potential for voided warranties and vehicle damage.


    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Ethanol industry pushes back against legislation to block E15
      By Holly Jessen | February 15, 2013

      On Feb. 14, U.S. Sens. Roger Wicker, R-Miss., and David Vitter, R-La., introduced legislation that would overturn U.S. EPA approval of E15 for model year 2001 and newer light duty vehicles.

      The ethanol industry jumped in the fray quickly, with the Renewable Fuels Association saying the oil industry is panicked, fighting to preserve its monopoly, tax credits and record-breaking profits. The Iowa Renewable Fuels Association Executive Director Monte Shaw called the bill a “big, wet kiss” for the oil industry, calling attention to the fact that the bill was introduced on Valentine’s Day. “Banning a legal product from competing with foreign oil is the ultimate in big government, nanny-state protectionism for the coddled petroleum industry,” he said. “I guess we should no longer be surprised by the lengths Big Oil will go to protect its federal petroleum mandate. E15 is a legal fuel for American motorists to choose, but Big Oil doesn’t want consumers to have that choice.”

      If approved, the bill would prohibit the EPA from approving gasoline that contains greater than 10 percent ethanol. Wicker called the E15 waivers flawed and shortsighted. Vitter mentioned the possibility of misfueling, which he said was a concern whether a consumer drives a car, truck, boat, or tractor. “It is irresponsible for EPA to allow E15 without sufficient testing and technical analysis,” he said. “I support an all-inclusive energy strategy, but experimenting before understanding the consequences and potential cost of using E15 is unfair to consumers.”

      Bob Dinneen, president and CEO of RFA, countered that E15 is the most tested fuel in history. E15’s benefits include reduced toxins and carcinogens in gasoline, reduced greenhouse gas emissions and savings at the gas pump for consumers.

      Although the Coordinating Research Council, a non-profit organization funded by automobile and oil companies, has come out with reports claiming E15 causes potential engine problems and fuel system components, the accuracy of those reports has been called into question. In fact, Patrick Davis, DOE Vehicle Technologies Program Manager, wrote a blog posted to the U.S. DOE website that called the results of the first report “significantly flawed.”

      The Fuels America coalition also condemned the anti-renewable fuel legislation, saying it would take away consumer choice in order to protect oil companies. “The legislation ignores the millions of miles and years of testing that went into the Environmental Protection Agency’s approval of E15,” the group said in a prepared statement. “In fact, E15 is the most tested fuel ever, having been put through the paces enough times to make 12 round trips to the moon.”

      The group pointed out that Ford and General Motors have said their new vehicles are compatible with E15. NASCAR also uses E15. “Instead of protecting oil companies, Congress should address what is actually hurting America families and businesses: high gas prices and dependence on oil,” the group said. “Americans deserve a choice when it comes to how they power their cars and trucks, and we need the economic benefits that increasing our use of renewable fuel will continue to deliver.”


93.64+2.48(+2.72%)Dec 19 4:02 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.