IPI's Dr. Merrill Matthews says repealing the mandate would be good for the economy and the environment. “Ending the Renewable Fuel Standard would immediately and dramatically increase the demand for oil, stabilize energy markets, boost the economy, and likely reduce carbon-dioxide emissions.”
"If either [Trump or Cruz] wins the White House, it’s the EPA's, not the human race's, existence that will be threatened,” IPI's Merrill Matthews said.
“The better hope for ending the federal power grab may come from the states, which have found lots of new reasons to embrace the Constitution’s federalism and challenge federal overreach,” said IPI's Merrill Matthews.
The Renewable Fuel Standard has been a boon to corn growers but hardly anyone else, writes Merrill Matthews, a resident scholar with the Institute for Policy Innovation in Dallas.
As IPI’s Merrill Matthews wrote for the Wall Street Journal, ethanol mandates increase the cost of driving, adds more carbon dioxide to the atmosphere than do fossil fuels, and was crafted at a time when the junk science of “peak oil” was scaring entrepreneurial Americans into developing hydraulic fracturing and horizontal drilling technology that has transformed the U.S. into one of the world’s largest energy producers. That Cruz could back this policy and remain at the top of the polls in the Hawkeye State suggested that the fever associated with addiction to federal subsidies was breaking.
The Environmental Protection Agency is mandating that more ethanol be blended into gasoline, but Merrill Matthews notes in our pages the inconvenient truth that “ethanol adds more carbon dioxide to the atmosphere than it eliminates by replacing fossil fuels.”
In Texas, more fracking ban battles are likely ahead with a state v. local control companion issue a new part of the mix. Denton’s fracking battle is, for now, resolved, but a larger ideological storm is undoubtedly looming.
IPI's Merrill Matthews gives rebuttals to Democrats arguments carbon dioxide from burning fossil fuels causes catastrophic climate change (global warming).
It is perfectly appropriate for state legislatures in Texas and Oklahoma to take the lead in prohibiting city and county fracking bans.