Gee-Pete... Yeah, the
oil companies really would rather sell you ethanol made by Midwest farmers than their own
oil? The Renewable Fuels Standard was passed in 2005 and updated in 2007 to mandate increasing amounts of renewable fuels in gasoline and diesel. IMO RFS is a jobs program for ethanol producers and Midwest farmers. Anyway, this is old news because 15% ethanol in gasoline has been proposed for a long time.
Oil and auto companies are fighting it.