President Trump is "keeping a campaign promise to farmers suffering from the trade war with China but drawing a legal threat from the oil industry," Reuters reports. "In a nod to the oil industry, the agency also issued new rules to improve transparency in the market for biofuels credits that refiners must acquire under the nation’s biofuel law, but the steps stopped short of what many refiners were seeking."
“Corn farmers have been long-time advocates of higher blends of ethanol such as E15, touting its benefits to both the farmer and the consumer,” National Corn Growers Association President Lynn Chrisp told AgDaily. “Farmers are facing some tough times which makes this announcement particularly welcome.”
Ag Daily says "Higher blends of renewable fuels such as E15 reduce fuel prices for drivers by three to 10 cents per gallon and result in lower emissions, improving air quality and providing greater greenhouse-gas reductions. Blending additional ethanol replaces some of the most harmful components in gasoline, and cleaner ethanol results in 43 percent fewer greenhouse-gas emissions than gasoline."
The the oil industry "views biofuels as competition for its petroleum-based fuels and has threatened to sue the Trump administration," Reuters notes, quoting Chet Thompson, the president and CEO of the American Fuel and Petrochemical Manufacturers: “EPA has left us no choice but to pursue legal action to get this unlawful rule overturned.”