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 →
We’ve written quite a bit about bad things that could occur because of the Renewable Fuel Standard’s (RFS) mandates for ever-increasing ethanol use in the fuel supply – from potential damage to vehicle engines and small power equipment engines to broader impacts in the economy. A study by NERA Economic Consulting warned that RFS mandates could lead to fuel rationing and supply… 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 →
Ten US Senators yesterday released a bill to cut the corn ethanol mandate from the Renewable Fuel Standard. The high-profile political battle, which has been called a “fight between Big Corn and Big Oil,” entered a new phase with the introduction of this bi-partisan bill. “I strongly support requiring a shift to low-carbon advanced biofuel,… Keep reading →
Is the Renewable Fuel Standard broken beyond repair? It depends who you ask, but it’s certainly problematic. The RFS enforced by the EPA was originally envisioned as a way to get more biofuel into the US transportation fuel market, but changing technology and consumption patterns have required continual adjustments to the law. The EPA recently… Keep reading →
Spanish technology firm Abengoa, which operates renewables projects worldwide, has listed its shares on the NASDAQ stock exchange as part of a push effort to raise its profile in the US. Abengoa has singled out the US as a priority market, both for fundraising and for the ongoing growth of its business. “The US market… Keep reading →
The API has challenged EPA’s 2013 RFS mandate, claiming that the volumetric targets are unrealistic. On October 8, 2013, the American Petroleum Institute (API) filed a lawsuit in the District of Columbia Circuit Court of Appeals challenging the Environmental Protection Agency’s (EPA) 2013 Renewable Fuel Standard (RFS) volumetric requirements, claiming the 6 million gallon (MG)… 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 →
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 →
Industry groups have petitioned EPA to lower the 2014 RFS ethanol mandate to below 10 percent of projected gasoline demand. On August 13, 2013, the American Petroleum Institute and the American Fuel & Petrochemical Manufacturers petitioned the Environmental Protection Agency (EPA) for a partial waiver of volume requirements under the 2014 Renewable Fuel Standard (RFS)… Keep reading →
