As we discussed over the weekend, regarding complaints from GOP legislators and governors over the Renewable Fuel Standard and the cost of Renewable Identification Numbers (RINS), there was a big meeting with the President today. Pressure is growing on the White House on the subject of ethanol mandates and the harmful economic impact they’re having on many states, particularly those with significant refining capabilities. On the other side of the argument are the subjects of King Corn in a few Midwest agricultural states who rely on government mandates to artificially create a demand for more and more ethanol.
According to Axios, the meeting is set to be a tense one. Trump is bringing in a number of economic and agricultural advisors, as well as Scott Pruitt from the EPA. Then there are the Senators who want to speak to him:
Why it matters: The midday meeting signals how the