biofuel

The Obama administration is calling for 16.55 billion of gallons of renewable fuel to be blended in with conventional gasoline this year as part of a federal program designed to wean the country off foreign oil and explore new energy sources.

The Environmental Protection Agency (EPA) on Tuesday announced its yearly requirement under the Renewable Fuel Standard (RFS), nearly eight months past the legal due date of last November.

Ethanol and biofuel groups applauded the new standard, but the oil-and-gas industry complained that the new requirement was stricter than necessary.