On April 10, 2015, the U.S. Environmental Protection Agency (EPA) lodged with the U.S. District Court for the District of Columbia a proposed consent decree to resolve litigation challenging the delay in issuing Renewable Fuel Standards (RFS) for 2014 and 2015 brought by the American Petroleum Institute (API) and the American Fuel & Petrochemical Manufacturers (AFPM) against EPA.
Rumors swirled today that the US EPA would finally announce the 2014 renewable volume obligations – quantity of ethanol and biofuels to be blended into the fuel supply – until the agency surprised many by postponing the announcement until next year. The renewable fuel standard, as the law is known, has been controversial for years.… Keep reading →
Natural gas supply negotiations between Russia’s Gazprom and Ukraine’s Nagtogaz appear to be inching closer to a deal. In fact, the two sides have agreed on a price of $385 per thousand cubic meters, but payment details now appear to be a sticking point. “If the Ukrainians have the money, then the documents will be signed. If not,… Keep reading →
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 →
The largest US nuclear plant owner Exelon said it may shut nuclear facilities to shore up its balance sheet if profits do not improve this year. Historically low natural gas prices and renewable energy sources have decreased the price the utility receives for the power it sells. “Exelon owns 10 nuclear power plants, six of… Keep reading →
More problems with the Renewable Fuel Standard – an ethanol and biodiesel US transportation fuel supply blending requirement – have arisen with fraud allegations against an Indiana company that sold 33.5 million renewable-fuel credits for biofuel it never produced. This is not the first time fraudulent renewable-fuel credits have disrupted the RIN market and the EPA has been… Keep reading →
Continuing this week’s coverage of the ethanol blending battle raging in Washington, we’re bringing attention to a letter the American Fuel & Petrochemical Manufacturers recently penned to President Obama in support of the US EPA’s indication that it may partially waive the 2014 Renewable Fuel Standard over blending requirement concerns. The letter serves as one… Keep reading →
Just as the debate over mandated ethanol blending in the US was heating up, the Associated Press published an investigative report focused on the US ethanol industry’s negative environmental impacts. Ethanol supporters are up in arms, claiming the piece is inaccurate, lazy journalism that uses “disproven myths, skewed data, and outright fabrications.” Not surprisingly, US… Keep reading →
The battle over the Renewable Fuel Standard and how much ethanol should be blended into the US fuel system next year is heating up again, with trade groups exchanging punches and lawsuits being filed. The American Fuel & Petrochemical Manufacturers are involved in a war of words with the Renewable Fuels Association and the American… Keep reading →
It’s an old adage in the energy business that forecasts are always wrong and miscalculations regarding US gasoline demand growth and advanced biofuel supply growth led to a regulatory regime that is increasingly becoming untenable. The Environmental Protection Agency (EPA) last week issued its 2013 Renewable Fuel Standard (RFS) final rule. This year’s volumetric requirement… Keep reading →
