Billionaire hedge fund manager Tom Steyer and his political action committee have taken to the airwaves attempting to urge president Obama to reject the Keystone XL pipeline. The situation was detailed in a recent New Yorker article and you can read Breaking Energy’s view of the issue here. And here is US Senator Jon Tester’s… Keep reading →
By: Javier E. David As the U.S. prods the oil industry to blend more ethanol into gasoline, charges are flying between refiners and biofuel advocates about the impact of such mandates—and whether the so-called Blend Wall is really a problem at all. Under a law passed in 2007, refiners are required to mix a certain… Keep reading →
The credits – Renewable Index Numbers – created to track compliance with EPA-mandated ethanol blending into the US fuel supply as part of the Renewable Fuel Standard reportedly created a market easily manipulated by Wall Street and other players. [New York Times] Some positive climate change news may be on the horizon when the Intergovernmental… Keep reading →
The American Petroleum Institute today unveiled a new study that details recent US oil and gas industry greenhouse gas emissions reduction success. The trade group also announced a new national print ad campaign that illustrates the industry’s petroleum development commitment and ways tax policy can impact oil and gas development. API President and CEO Jack… Keep reading →
As the US ethanol industry expanded, it quickly became clear that numerous limitations and complications came with using food crops – primarily corn in the US – to manufacture fuel. As is often the case in modern society, technology was seen as the solution. Ethanol can also be made from non-food feedstock like switch grass,… Keep reading →
“The world has failed us,” Ecuadorian President Rafael Correa recently said regarding a missed opportunity to preserve pristine Amazon rainforest from oil development. The government offered to forgo drilling in the oil-rich region if the international community donated $3.6 billion to a preservation trust fund. The initiative reportedly raised only $13 million. The proposal dates… Keep reading →
By Patti Domm U.S. refineries are expanding their diesel-production capacity, not so much for truckers in the U.S., but for drivers in places like Mexico City and Santiago, Chile. Already running at their highest levels in six years, U.S. refineries are finding strong demand for diesel fuel, used widely in cars outside of the United… Keep reading →
Congressional hearings this week focusing on the EPA Renewable Fuel Standard bring together impassioned speakers representing the US biofuel constituency, traditional fossil fuel interests, major food companies and other stakeholders. With so many business interests involved, there is clearly a lot at stake – thousands of jobs and billions of dollars for starters – but… Keep reading →
The US experienced some of the largest crude oil inventory draws in decades over the past three weeks, which begs the question why is this occurring at a time when domestic production is soaring? Here’s a hint, summer driving season and refining fundamentals might be playing a role. [Sober Look] What do you do when… Keep reading →
UK oil major BP made a big splash in 2000 when it changed its name to “Beyond Petroleum” (originally British Petroleum) and changed its logo to a sunburst design that was supposed to represent the company’s greater renewable energy focus. BP has since scaled back some of those efforts, but other firms are pushing ahead… Keep reading →
