AEC Executive Director Coleman Responds to EIA Report
Date Posted: December 6, 2012
Washington—In response to a report issued by the Energy Information Administration (EIA), Brooke Coleman, Executive Director of the Advanced Ethanol Council (AEC), said:
“A little historical context is in order here. The Energy Information Administration underestimated the growth of the conventional biofuels industry by 400 percent, and predicted that the price of oil in 2011 would be below $22 per barrel, when it was well over $100.
"What EIA is calling out is the reality that motor fuel markets are not free markets, and without reform will slow the growth of the most innovative fuels in the world. This is nothing new.
"We have a simple choice. Open the markets and create real consumer choice with renewable fuels, or let foreign oil once again monopolize the pump.
"We know that the path to meeting the Renewable Fuel Standard (RFS) depends on reforming the marketplace, and we are confident that we can do that.”
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