API Defends Higher Gas Prices and Dependency on Foreign Oil
WASHINGTON, DC — Following Agriculture Secretary Tom Vilsack’s public support of an increased ethanol blend of E15 into conventional gasoline, Jim Nussle, president and COO of Growth Energy released the following statement:
“Growth Energy is pleased to see Secretary Vilsack continue his full support for E15. His support of the E15 blend, along with the Renewable Fuel Standard, is critical to America’s goal of reducing our dependence on foreign oil, while simultaneously creating jobs and providing energy security through a domestic, abundant and proven low carbon fuel source.
“I continue to be disappointed by the American Petroleum Institute (API) and their constant rhetoric that is baseless and false. E15 is the most tested fuel, and has repeatedly proven its value and on NASCAR tracks all across this country, as well as in many other high performance engines. API continues to embrace the status quo of foreign oil dependence, and therefore higher gas prices and the exclusion of low carbon renewable fuels. Not only is this disappointing, they are taking a stand against the American economy and the potential to create hundreds of thousands of new jobs.
“Ethanol represents an immediate, sustainable and safe solution to our country’s energy needs. Further development of the E15 blend and the continuation of the Renewable Fuel Standard are vital components to America’s energy future and economic prosperity. Growth Energy looks forward to continuing to work with Secretary Vilsack in achieving these important goals”
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About Growth Energy
Growth Energy represents the producers and supporters of ethanol who feed the world and fuel America in ways that achieve energy independence, improve economic well-being and create a healthier environment for all Americans now.