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Renewable Fuel Standards Are 'Broken,' Valero Says

By Erica Teichert (July 16, 2013, 3:01 PM EDT) -- Valero Energy Corp. urged U.S. Senate lawmakers on Tuesday to drastically revise the renewable fuel standards imposed on the oil and gas industry, claiming the current system drives prices up by calling for biofuel and additive requirements that refiners, producers and gas pumps can't handle....

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