Another example of why it is SO important to elect Republicans </Sarcasm>
This is one of the unintended consequences when government assumes it can choose winning technology. It would have been far less disruptive to adopt policy that changed incentives, such as lower emissions, etc. and let the market work it out over time.
The President wants to see more “biofuels”, whatever that will be defined as. If this is a code word for ethanol, then the issue is that there is only enough corn to supply 12% of our fuel needs. Putting aside the complication that we are using corn for food, where will the other 8% come from? Fuels that can be used in diesel engines? And just how many new cars are being sold that have diesels and how many of them are produced in the US?
I may be wrong, but I don’t think that there are any US autos that have diesel engines. (Freepers know of any?) And the reason? Well, one good reason is the EPA regulations.
So, yet again, domestic policy runs smack into a wall of our own making. What one branch of government wants, another branch works to make impossible, apart what happens when government thinks that edicts and announcements don’t have any market consequences.
CAFE. Isn’t that the law that killed a lot of people by forcing the automakers to trim too much weight from their cars before safe, lightweight frames were invented?