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Valero Energy Corporation Message Board

  • bluecheese4u bluecheese4u Sep 26, 2013 2:10 PM Flag

    Staying the course: Our obligation to renewable fuels

    Staying the course: Our obligation to renewable fuels

    By former Gov. Mark Schweiker (R-Pa.) - 09/26/13 01:00 PM ET

    Imagine if Thomas Edison had given up on the light bulb after only trying 533 out of 1600 materials for the bulb’s filamentor or if Sergey Brin and Larry Page had abandoned their search algorithm only one-third of the way towards creating Google. Now consider this: what if these pioneers had never achieved their goals due, not to lack of vision or innovation ability, but because they were told in no uncertain terms—you’ll never succeed.

    We find ourselves in a similar situation over America’s Renewable Fuel Standard, or RFS. As an industry and a nation, we are a third of the way to achieving an incredible goal: replacing 36 billion gallons of petroleum-based fuel with American-made biofuels by 2022. Remarkable progress has been made in the few years since the RFS was introduced by Republican President George W. Bush, and implemented with support of Democratic President Barack Obama. The RFS has driven a 19 percent reduction in American dependence on oil from unstable regions of the globe; while also providing alternatives at the pump that reduce GHG emissions by 20 percent.

    Still, those who fear progress have spent hundreds of millions of dollars hectoring renewable fuel investors and supporters in Congress every step of the way.

    The RFS needs to be able to run its course in order to prove out, but the (self) interests who oppose the RFS and its impact on their bottom lines are hoping to thwart this vision in order to maintain the status quo – they might prefer a world in which the light bulb remained dim and the world was absent of search engines.

    Congress must stay true to the original leadership and vision exhibited and recognize the opportunity the RFS presents and to protect it, in this, high-growth stage with more tangible impact. Otherwise we risk destabilizing the renewable fuel industry and the hundreds of companies that have st

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