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Latest API Attack on RFS Not Grounded in Facts



(NAFB)--With the release of an American Petroleum Institute poll that says 77-percent of likely voters are concerned ethanol blends above a 10-percent level can cause severe damage to car engines and fuel system components - Growth Energy CEO Tom Buis says the oil industry is continuing its cycle of mistruth. He says higher blends like E15 are a choice and are safe for all vehicles 2001 and newer.

Buis notes E15 has been the most tested fuel in the nation’s history - adding that all the biofuels industry wants is the opportunity to compete in a fair and open marketplace. The poll also showed that 69-percent of voters believe using more corn for ethanol production could increase consumer prices for groceries due to the reduction in the corn supply for food, food products and animal feed. But Buis points out that corn prices are trading at levels lower than before the RFS2 was enacted in 2007. He says API conveniently ignores that crucial fact when trying to trick the American public. According to Buis - if API wants to blame someone for the rising cost of food - they should take a look in the mirror - as they are the biggest driver in food prices. He cites a recent World Bank study that outlines how crude oil prices are responsible for 50-percent of the increase in food prices since 2004.
 
Buis says consumers have shown time and again that they want the ability to choose less expensive and cleaner burning renewable fuels at the pump - but API and Big Oil’s special interests continue to deny consumers that choice. He says they continue to employ misinformation and scare tactics in attempts to repeal a policy that is helping reduce our dependence on foreign oil, creating jobs at home and improving our environment.

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