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API official sees major questions after White House ethanol meeting
Oil & Gas Journal: A May 8 White House meeting which tried to address some refiners’ problems with meeting quotas under the Renewable Fuel Standard apparently did not offer adequate solutions to the regulation’s problems, an American Petroleum Institute official suggested on May 14.
Allowing ethanol exports to be counted as Renewable Identification Numbers, which supposedly would put downward pressure on high prices for the renewable fuel credits, and promising to authorize year-round sales of gasoline with a 15% ethanol blend won’t do the job, Frank J. Macchiarola, API Downstream and Industry Operations Group Director Frank J. Macchiarola told OGJ.
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