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The required biofuel that doesn't exist

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The U.S. oil industry recently proclaimed that the U.S. federal biofuel mandate is "unworkable" and "should be repealed." The industry should know. In addition to being the nation's primary customer for ethanol and biodiesel, oil companies have invested more than $9 billion in biofuels, according to the American Petroleum Institute. Indeed, somewhere between 10 percent and 15 percent of all...

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