Ethanol: List of Mandate’s Victims Keeps Growing
Bring a rancher, a motorcyclist, a governor, a poultry producer, a gas station manager, and a restaurant owner together around a table, and they probably wouldn’t have much in common regarding their day-to-day lives. But they have all joined the growing ranks of people dissatisfied with the renewable fuel standard.
The most recent outspoken discontent is the National Council of Chain Restaurants (NCCR). The federal ethanol mandate costs each restaurant $18,000 a year because of the higher food prices, according to a newly released study by PricewaterhouseCoopers prepared for the NCCR.
The Energy Policy Act of 2005 mandated that Americans use 15 billion gallons of ethanol in their gasoline by 2015. That’s 5.3 billion bushels worth of corn being diverted from food to fuel.
While the promises of lowered greenhouse gas emissions and lower gas prices have yet to materialize, Americans continue to face real consequences from the ethanol mandate. This summer’s drought has cast these consequences in sharp relief.