While most of America was either shopping or watching football on Friday, EPA and USDA were posting a couple of key proposal changes in the Federal Register.
To the joy of America's strapped petroleum companies and environmentalists who love to drill, the Environmental Protection Agency opened its 60-day comment period on renewable fuel volume levels under the Renewable Fuel Standard for 2014.
The proposal would cut the corn-based RFS by roughly 1.4 billion gallons in 2014 to 13 billion gallons. Projected levels of advanced biofuels would be about 2.2 billion gallons. Cellulosic ethanol volume would be about 17 million gallons.