Biofuels industry in Iowa discussing a just-revealed oil industry study that exposes Texas Senator Ted Cruz’s plan for RFS waiver credits (sometimes referred to as a RIN price cap) would actually destroy current demand for biofuels. Cruz has pitched his idea as a “win” for biofuels because it would also remove restrictions on E15 blending. The White House has scheduled a meeting for Monday morning, March 12, to discuss the future of the RFS. If the Cruz scheme were adopted, Iowa State University has determined that corn prices would drop an additional 25 cents per bushel from already low levels. Monte Shaw discusses the issue on today's Big Show here: