...the current ethonal production exceeds the RFS level, which means RFS is not holding ethanol up.
So what?? There wouldn't be any ethanol in our gas if not for the RFS... that's the point.
Refiners, blenders, and suppliers were stockpiling and pre-purchasing ethanol (RIN's) at massive levels starting in 2012 in anticipation of meeting the ever increasing RFS. The more they could incorporate into the fuel, the less tax and penalties they would be paying. However, they were up against a blend ceiling... no matter what, they weren't gonna' be able to meet the standard. Heck, RIN's were even being speculated and traded like stock through brokers. But then the EPA pulled the ultimate dirty trick... they reduced the mandated amount citing the blend ceiling. What were producers gonna' do with all that ethanol they were now not required to use?? Ethanol they never would have purchased in the first damn place if not for the RFS?? Dump it in the river?? They've already spent the money on it, invested heavy in it... they're using it, they have no choice now, they own it.
Even though the ethanol lobby was against the mandate reduction in the first place (what a surprise)... they joined the EPA in a smoke 'n' mirrors PR program. They could now claim that more ethanol was being used than what was required... but they fail to mention that's because of the last minute reduced mandate, and has absolutely nothing to do with ethanol being a "free market" contributor. The facts remain, if not for the RFS creating the
artificial market, the gasoline industry would not have purchased the ethanol in the first place, then the EPA
artificially created the ethanol glut by first setting an impossible to meet mandate and then reducing it at the last second.
Trying to claim the RFS is not holding ethanol up is smoke 'n' mirrors. The RFS
is what created the market in the first damn place, then with a stroke of the pen the RFS
creates the ethanol
glut. And the story told to the Kool-Aid drinkers is that ethanol now stands on its own two feet... which is total bullcrap, more smoke 'n' mirrors. And this sort'a crap is just the easy to see and point out crap... the ethanol scam, the shell game, is a monster convoluted maze of lies designed to keep the money flowing into already bulging pockets.
Only if the RFS and RFG were completely abolished... and a few years allowed for things to settle out... can your claim even be considered.
However, I'm 101% sure you'd have no claim... b'cause ethanol fuel would be a footnote in history.
What flavor is the Kool-Aid you're drinkin' anyway??
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