Energy Dept. study highlights benefits of RFS

04/1/2013 | EthanolProducer.com

A study by researchers at the Department of Energy's Oak Ridge National Laboratory found that the Renewable Fuel Standard is good for the U.S., and its benefits will become more pronounced by 2022, when the share of biofuels in the transport sector is expected to top 36 billion gallons, writes Bob Dinneen, president and CEO of the Renewable Fuels Association. The study, which was published in the journal Biofuels, determined that increased use of biofuels will drive down fuel costs by 3% in 2015 and about 7% by 2022, Dinneen states. If the RFS is allowed to continue as designed, livestock, poultry and dairy costs will "remain stable or even decrease in some years" through 2030, Dinneen notes.

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