Refining

Ethanol Industry Threatened By Midwest Drought

The always-ugly battle between US oil refiners and the biofuels industry over EPA’s renewable fuel standards heated up again today when 31 oil executives sent a letter to President Obama urging EPA to stick with fuel blending volumes proposed last November. The proposal aims to find a balance between encouraging the continued growth of the… Keep reading →

Oil Prices Rise As BP Shuts Pipeline

A group of US oil refiners released a study they say shows incremental production volumes can be handled by their facilities, in contrast to an opposing view that suggests the country’s refining complex is geared toward heavy oil and cannot handle the recent surge in lighter hydrocarbon output. “The refinery group’s study said refiners can… Keep reading →

(FILES) A file picture taken on August 8

It’s been said that one certainty regarding oil price forecasts is they will always be wrong. While there are certainly exceptions, the oil & gas industry’s history is littered with business cycle shifts that caught even the most seasoned analysts and executives flatfooted. Look at what’s happened with the US refining complex, LNG import projections… Keep reading →

Demonstrations Over Construction Of Gas Pipeline

The dramatic shift in US energy supply-demand dynamics over the past several years is impacting markets and physical commodity flows in what seems like unlimited ways, with misaligned infrastructure one of the most pronounced. LNG import terminals retooled for liquefaction; millions of barrels of oil transported via rail; refineries configured to process heavy, sour imported… Keep reading →

Mitch McConnell Argues Against Proposed EPA Carbon Standards For Power Plants

Fifteen governors penned a letter sent to the White House yesterday claiming the EPA’s proposed rule to regulate emissions from existing power plants is illegal. Several of these governors also climate change deniers. “Five of the states represented by those governors — Alabama, Indiana, Oklahoma, South Carolina, and Wyoming — are also part of a lawsuit filed… Keep reading →

Oil Price Rise Sees Increase in Suez Canal Traffic

The Brookings Institute in Washington DC has come out in favor of lifting the U.S. ban on crude oil exports. Brookings hosted an event on Sept. 9 to unveil their new report titled “Changing Markets: Economic Opportunities from Lifting the U.S. Ban on Crude Oil Exports” written by Charles Ebinger and Heather Greenley and based… Keep reading →

U.S. Trade Deficit Reaches All-Time High

A tanker carrying 1 million barrels of crude oil from Iraqi Kurdistan reportedly just rounded the Florida pan handle and is scheduled to land in Galveston, Texas. The buyer is unclear and Iraq’s official crude oil marketer SOMO is threatening to sue anyone purchasing the cargoes, which the government in Baghdad views as violating the… Keep reading →

General view of an oil refinery

A new documentary called Pump seeking to promote alternative fuels in the US takes aim at the existing downstream oil products complex and suggests change is afoot. The movie is due out in September and today Submarine Deluxe, in association with Fuel Freedom Foundation and iDeal Film Partners released the trailer that can be viewed… Keep reading →

Rushing to Regulate

Leaks Found At Illinois Nuclear Plants

Eye-catching headline this week in The Hill: “EPA races to finish Obama rules.” First reaction: Haste makes waste – and when talking about regulation that could affect America’s dynamic, game-changing energy revolution, the goal should be sound policy, not speed. The Hill: Officials at the Environmental Protection Agency (EPA) are racing to churn out new regulations… Keep reading →

High Gas Prices Prompt Bush's Decision To Lift Ban On Offshore Oil Drilling

EPA’s proposed update for petroleum refinery emission standards includes benzene concentration monitoring for the first time. On May 15, 2014, the Environmental Protection Agency (EPA) issued a proposed rule updating toxic air pollution standards for petroleum refineries located near neighborhoods.  It is the first EPA proposal requiring monitoring of air concentrations for benzene around fence… Keep reading →

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