[Hot Air] I’m not sure how much this will matter now that we’re basically out of places to store all of the oil that we’re pumping, but it’s still worth looking this proposal over.Last week we discussed the possible opportunity available to us if the EPA would agree to at least suspend the mandates of the Renewable Fuel Standard until the worst of the pandemic is behind us. Getting rid of it entirely would be preferable, but that would require congressional action that the Democrats would never agree to and it’s unclear if the President could be convinced to support the idea even if they did.
The good news (possibly) is that I wasn’t the only person suggesting the idea and the EPA seems to at least be willing to consider it. This could go a long way toward saving a lot of oil and gas industry jobs that are otherwise threatened if the refineries start shutting down to avoid bankruptcy. (The Hill)