The American Petroleum Institute (API) commissioned NERA Economic Consulting to study "the economics and compliance issues related to the implementation of the Renewable Fuel Standard (RFS2)." NERA's October 2012 report finds that ethanol and biodiesel blend walls create insurmountable barriers to the amount of biofuels that can be consumed in the United States. Once these blend walls are hit, producers of gasoline and diesel will only be able to...