Petroleum Institute's Greco: Ethanol Rule 'a Recipe for Trouble'

Thursday, 30 Jan 2014 06:01 PM

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
The government's renewable fuel standard regulations requiring more ethanol in fuel flies in the face of falling demand for gasoline, according to Bob Greco, group director for the American Petroleum Institute.

"We're using less gasoline than we thought we would be using back in 2007 … [when] government projected increasing growth for the foreseeable future," Greco told George Marlin, guest host of "The Steve Malzberg Show" on Newsmax TV.

Story continues below video.



"Cars are becoming more and more fuel efficient … and we also, unfortunately, are seeing the results of the recession, which put a damper on gasoline and diesel demand.

"Because of that, the government now projects flat or declining gasoline demand for the foreseeable future … yet, the renewable fuel standard requires increasing amounts of ethanol anyways, every year through 2022. So pushing more ethanol into fewer and fewer gallons of gasoline is a recipe for trouble."

See "The Steve Malzberg Show" on Newsmax TV each weekday live by clicking here now.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Giuliani: De Blasio Should Apologize to NYPD

Sunday, 28 Dec 2014 12:22 PM

Former New York City Mayor Rudolph Giuliani says Mayor Bill de Blasio needs to apologize to the NYPD to mend fences with . . .

Sen. Graham: China Had to Know About North Korean Cyber Attack

Sunday, 28 Dec 2014 14:08 PM

Sen. Lindsey Graham said Sunday that he can't imagine North Korean hackers hit Sony Pictures' computers without China kn . . .

NYPD's Bratton: Healing Police Rifts Will Be 'Painful Process'

Sunday, 28 Dec 2014 10:16 AM

It will be a painful process to heal the rifts between police and community as well as between police and Mayor Bill d . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved