American energy producers can drill and produce crude oil at record-setting rates without fueling a single car, truck, plane, or military vehicle because crude oil is merely raw material until refined. America will only be able to truly achieve energy dominance when we stop unnecessarily burdening domestic refiners with broken regulations and unnecessarily high costs.
To start, we must recognize that the Environmental Protection Agency’s proposed two-year expansion of the Renewable Fuel Standard, the federal biofuel mandate, directly raises the price of gasoline and threatens America’s oil refineries. If finalized as proposed, refiners’ RFS compliance costs would rise to record levels, putting fuel-manufacturing capacity at greater risk, with prices increasing at the pump.
