Oil and gas:
Consumer Federation's Mark Cooper discusses struggles between Big Oil, ethanol industry
As the price at the pump continues to rise, how will the introduction of more ethanol into the fuels market affect consumers' wallets? During today's OnPoint, Mark Cooper, director of research at the Consumer Federation of America, discusses his new report, "Big Oil v. Ethanol: The Consumer Stake in Expanding the Production of Liquid Fuels." Cooper explains why he believes the oil industry is waging a war against the ethanol industry. He talks about the effect refining capacity has had on oil prices and blames the oil industry for not expanding or strengthening its refining capacity. He also addresses the challenge of creating the appropriate infrastructure for getting E85 to consumers.