date:Jul 20, 2012
RFS was revised in 2007.
Ethanol production costs and ethanol prices have all but eliminated a market for ethanol blends higher than 10 percent.
The US exported 1.2 billion gallons of ethanol in 2011.
The coalition supports the Renewable Fuels Standard Flexibility Act (H.R. 3097), sponsored by Reps. Bob Goodlatte, R-Va., and Jim Costa, D-Calif. The bill would require a biannual review of ending corn stocks relative to total use. If the ratio falls below 10 percent, the RFS could be reduced