An oil industry study claiming the Renewable Fuels Standard is "irretrievably broken" is "laughable" because ethanol producers are likely to meet the target of 36 billion gallons of ethanol-equivalent fuels by 2022, writes Jim Lane. The industry is currently capable of producing 26.67 billion gallons of renewable fuels, while facilities under construction are expected to produce 8.35 billion gallons, with more projects on the way, Lane writes. "The conversation in Washington over RFS repeal shows that a 'spirit of national masochism' is alive and well, though it has moved off the streets and into the corridors of power."

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