Calling the U.S. renewable fuels mandate "unworkable," Phillips 66 (PSX) CEO Greg Garland says...

|About: Phillips 66 (PSX)|By:, SA News Editor

Calling the U.S. renewable fuels mandate "unworkable," Phillips 66 (PSX) CEO Greg Garland says lawmakers should stop raising the amount of ethanol required to be mixed into gasoline, an issue he says affects the entire refining industry. The EPA's proposal plus flat/declining U.S. demand for gasoline means refiners may hit the blend wall by 2014, after which more ethanol can't be added to the fuel supply.