The Energy Independence and Security Act of 2007 (EISA), was signed into Law by President Bush in December, and takes effect January 1, 2009. This energy legislation amends the 2005 Renewable Fuels Standard (RFS), increasing the mandated volume of biofuel sold or introduced into commerce in the US annually from 7.5 billion gallons by 2012 to 36 billion gallons by 2022. The RFS amendment also establishes a renewable requirement for diesel fuel.
The 2008 biofuel production target is set at 9 billion gallons. In contrast the US consumes approximately 315 billion gallons of petroleum per year.
The Federal Renewable Fuel Standard has the support of the US biofuel industry. Joe Jobe, CEO of the National Biodiesel Board, believes the RFS meets the needs of consumers by addressing energy security concerns by reducing dependence on foreign oil. It is also the intent of the EISA to reduce green house gas emissions contributing to global warming.
The City of Portland remains ahead of the curve when it comes to implementation of a Renewable Fuel Standard. All motor vehicle fuel, including diesel, sold in the Portland City limits contains biofuel as directed by our Renewable Fuel Standards, in effect since July, 2007.
For more information, view the following sites:
National Biodiesel Board
Renewable Fuels Association
Energy Information Administration