www.bloomberg.com
The largest US oil and gas trade group, initially supporting year-round sales of higher ethanol blend fuels, then reversing its position, is now back in favor. This highlights the complex dynamics within the industry concerning biofuels. This flip-flopping likely reflects internal divisions and external pressures from both renewable energy advocates and oil refiners with differing economic interests and environmental concerns related to fuel standards and market share. Ultimately, the group’s final support suggests a strategic alignment, possibly influenced by anticipated market trends or regulatory changes.
