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07-25-2008, 08:28 AM
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API chief economist says oil majors support, not oppose, renewable fuels
In Iowa, the chief economist for the American Petroleum Institute said that major oil companies support more ethanol use, see no problems in implementing 15 billion gallons of ethanol by 2015, but have questions about the blending of 36 billion gallons by 2022.“We were opposed to the original mandates and subsidies, that is true,” John [...]
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