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American Fuel & Petrochemical Manufacturers President Charlie Drevna on the EPA requiring oil refiners to blend with gas a type of ethanol that do...
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And okay this is it just -- this might be more like -- -- EPA require oil refiners to blend of that type of at them all that it's supposedly cleaner fine.
There's just one teeny -- wincing problem.
Oil guys at the bio fuel doesn't even exist what's worse.
Because they can't get -- -- they're gonna be penalized for not having it.
The -- the way it is.
Charles -- now heads up the Americans -- -- -- -- factors he is group is suing the government over -- the EPA refusing to comment.
On ongoing litigation over this but I I heard this Charlie -- a double check my bags.
And they are what they are but this is as silly as it gets so you guys are our.
Are on the line.
For something that is it even out in the open yet.
Well no I I assume you've probably heard of phrase if you don't get it demand that -- well on this situation.
The EPA and fully understands we can't get it and are still demanding it.
And there's still saying if you don't get this something that you can't debt.
There demanding about all the eight.
Have they -- -- -- with a clarification.
We didn't mean to sound so stupid of what what have they told.
While they told us that one the first while were were big industry we can afford to pay the fines.
And then -- Hang up fight over something that you can't control because it is an out there.
Act as that's it -- as absurd as that sounds and believe me it you know from where I'm sitting in from our my members are sitting.
It's truly absurd that's the that's the truth I mean you know this is this is a phantom fuel it's it's it's of it's it's it's a fantasy.
What it -- -- it ever comes to fruition this -- doing erector not ticket it is out yet.
But the hope is that it's supposed to be a cleaner alternative fuel that's out there now.
So let's play out the fantasy if and when it should ever get out there what's the draw to this fuel.
Well it -- it it will -- available stop us from putting corn into our fuel tax.
Yes -- that's what I was gonna say it's.
This whole problem is is just -- is just one segment of this whole renewable fuel standard meal that is absolutely.
Fallacy.
And.
What I well -- will tell you also Charlie in other words could.
I know I think it was forgive me for trying to be paid -- fair accurate on his but it sounds so incredibly have to estimate up trying to get the better the doubt.
Is there any fuel that they mean -- saying if you can't get this fuel because it's not -- you gotta use this you know I'm trying to get the better of the doubt here.
Well we're gonna have to continue to use corn ethanol.
They've been and your you know your previous guest talked about folks but don't -- what -- your favorite restaurants.
Well a good part of that is you know of course the economy but the food prices have gone up the a tremendously because of the price of corn has gone up tremendously.
Because we as a nation have decided we're gonna put the corn crop -- -- fuel tax.
-- is a closely it was just let's just totally absurd to them what is your sense of oil prices now we -- in this storm threatening in the in the gulf -- wanna do apples and oranges here but I do want to get your sense.
Of what has been -- of a cause of energy you know oil under eighty bucks a barrel gas.
Getting down to close -- three dollars a gallon mom.
I'm wondering.
Whether this is a global demand today.
-- those evil speculators working and reverse what's happening.
Now I -- I think it's a global demand thing your previous guess of thought divide you know are re in a recession are not a recession.
The the global market has pulled back on on crude oil we all know crude oil is seventy to 75% of the cost of -- the pop.
But you know that the problem the problem is as you mentioned previously I would just with this storm coming in the gulf -- we're that we're in hurricane season you know actually started pretty early prefer it earlier this is exactly -- -- -- sort of so.
You know we have we have a president who wants to who wants to some somehow magically say we're gonna we're gonna get off of of traditional fuels that that drive this country.
They keep America going -- consumers want or we're gonna substitute it with with ever what -- he considers all the above.
And wind solar biofuels whatever none of the below.
Oil gas in coal.
So our our position is why are we putting food in a fuel tank why are we forced to buy.
A fantasy fueled -- doesn't exist and then have to pay for not buying it.
And why are we putting more thought food in our in our in our diesel you because that the bio diesel is is mostly sorghum.
The Italians have a Natasha -- that I because your Megan wait so much sense and we don't like that.
But Charlie governor thank you really very very good -- reminders of how crazy this -- gotten.
Charlie -- that could.
