Senators Request Investigation Into Oil Industry
Minnesota U.S. Senator Amy Klobuchar and Iowa U.S. Senator Chuck Grassley sent a letter Tuesday to Attorney General Eric Holder and Federal Trade Commission Chair Edith Ramirez - calling them to investigate possible anti-competitive practices by oil companies - limiting consumers' access to biofuels. Recent reports indicate oil companies may be undermining efforts to distribute renewable fuels - including higher blends of ethanol. Klobuchar and Grassley says the promise of renewable fuels is rapidly becoming a reality and introducing much needed competition to the transportation fuels sector. Given the possible implication of these activities and their effect on competition in the marketplace - the Senators urge the Administration to investigate and consider whether action is necessary.
The National Corn Growers Association firmly supports efforts to ensure Americans have options at the fuel pump - according to NCGA President Pam Johnson. She says America's farmers work diligently to provide renewable, environmentally responsible biofuels - and consumers should have the choice to use those government-approved fuel options. Growth Energy CEO Tom Buis commends both Senators for standing up to the oil industry and asking a simple question regarding renewable fuels - what is Big Oil afraid of and why are they blocking market access to alternative fuels? For too long - Buis says the U.S. has been subjected to the oil industry's near monopoly on the liquid fuels market - and finally - thanks to the actions of biofuels supporters - the biofuels industry has an opportunity to put a spotlight on the oil industry's practices and give American consumers a choice and savings at the pump.
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