From WSJopinion: Policy inaction costs Americans at the pump. Consider the Biden administration’s failure to make decisions on the Renewable Fuels Standard, writes Andrew Wheeler.
Main Street:"Inflation is just like alcoholism," said economist Milton Friedman."In both cases...the good effects come first, the bad effects only come later." Could there be a lesson here for Joe Biden? Images: Bettmann Archive/Getty Images Composite: Mark KellyGasoline prices are the highest they have been in seven years and inflation is at a 30-year high, a double hit to American families.
Under the RFS, the Environmental Protection Agency, in consultation with the Department of Energy, sets the annual volumes of renewable fuel, such as ethanol and biodiesel, to be blended into the nation’s fuel supply. Congress set the general RFS parameters into law in 2007, but the specific annual volume targets must be set by regulation for each coming year before that year begins.
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