No Ethanol RFS Waiver There have been rumors that an ethanol waiver is in the works because of the drought situation and skyrocketing corn prices. We previously noted that given the economics of blending ethanol (profitable) and where we were with the mandate (exceeding it), high corn prices probably were more likely to impact ethanol production than a waiver. Anyway, at a House Energy and Commerce Committee hearing this week, Environmental Protection Agency (EPA) official Margo Oge told the panel that EPA is "absolutely not" considering a waiver in the Renewable Fuel Standard (RFS) for 2012. And in related news, Texas Governor Rick Perry said he isn't considering any request of a waiver, which Texas did in 2008. Moreover, USDA Secreta...