Different Day, Same Big Oil Tricks

WASHINGTON, DC — Following the release of an American Petroleum Institute (API) poll designed to discredit the Renewable Fuel Standard (RFS) and keep our nation addicted to foreign oil, Growth Energy CEO Tom Buis issued the following statement:

“The oil industry’s cycle of mistruth continues, how much longer can they attempt to deceive the public before the facts catch up to them? Higher blends like E15 are a choice – voluntary for the consumer and the retailer. And they are safe for all vehicles 2001 and newer. E15 has been the most tested fuel in our nation’s history. All the biofuels industry is asking for is the opportunity to compete in a fair and open marketplace.

“As for rising food prices, take a look at corn prices—they are trading at levels lower than before the RFS2 was enacted in 2007, yet API conveniently ignores this crucial fact when it is trying to trick the American public. If API wants to blame someone for the rising cost of food, they should take a look in the mirror – as they are the biggest driver in food prices, as highlighted by a recent World Bank study which outlines how crude oil prices are responsible for 50 percent of the increase in food prices since 2004.

“Furthermore, they can also point their fingers at their allies over at Big Food who, just like the oil industry, have been continuing to bank record profits at the consumer’s expense.

“Consumers have shown time and again, they want the ability to choose less expensive and cleaner burning renewable fuels at pump, but API and Big Oil’s special interests continue to deny consumers that choice. They continue to employ misinformation and scare tactics in attempts to repeal a policy that is helping reduce our dependence on foreign oil, create jobs at home and improve our environment.

“It’s time that the oil industry stops attempting to fleece American consumers by preventing choice and competition. To get the real facts on biofuels, visit www.yourenodummy.com

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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. For more information, please visit us at www.GrowthEnergy.org, follow us on Twitter @GrowthEnergy or connect with us on Facebook.