Monday, July 22, 2013

Great Achievements in Central Planning: The Renewable Fuel Standard

Because central planning worked so well in the Soviet Union ...
Steve Maley (Diary) |
In 2005, Congress, in its infinite wisdom, imposed the Renewable Fuel Standard on America. The RFS mandates yearly increases in the amount of ethanol that must be used in motor fuel, on an ever-increasing schedule, through 2022.
Problem is, nobody anticipated a crummy economy, high gasoline prices and shrinking consumption of motor fuel. But the RFS marches on.* As depicted in the video above (from our friends** at smarterfuelfuture.org), the numbers are starting to look wacky and detached from reality....To ReadMore....

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