This is a special editorial authored by Joanna Ivancic, executive director for Advanced Biofuels USA. It is based on a two-part series looking at how low crude prices are affecting biofuels. Price of Oil Crushes Liquid Transportation Fuels–Renewable and Not — Now What? “Europe should promote the development of home-grown alternatives to imported oil and gas,” according to former NATO …
GFRA Calls to End Fossil Fuel Subsidies
Global Renewable Fuels Alliance (GRFA) President Bliss Baker is calling on national leaders to eliminate all fossil fuel subsides, especially in light of the current low price per barrel costs. According to the International Energy Agency (IEA), the estimated global fossil fuel subsidies are worth $490 billion. IEA is also predicting global oil demand will drop 25 percent in 2016 …
Former Oil Company President at #RFANEC
The former president of a big oil company was very critical of the oil industry during his keynote address at the 2016 National Ethanol Conference in New Orleans Tuesday. John Hofmeister was president of Shell Oil Company for three years, but after he left the company in 2008 he founded Citizens for Affordable Energy and wrote a book called “Why …
Study Raises Doubts About Dev of New Fossil Fuels
A new study is raising doubts about future development of new fossil fuel resources. Published in Global Environmental Change and authored by Richard Heede and Naomi Oreskes, the report looks closely at the potential of global warming emissions that could be unleashed from carbon reserves held by the globe’s largest fossil fuel producers. Some key findings of the study include: …
BIO Analysis: Oil Companies Set to Lose Trillions
A recasting of oil industry data from a recent NERA Economic Consulting study prepared for the American Petroleum Institute (API) found the oil industry would be economically harmed by more than $12.3 trillion in potential profits in 2015 if the Environmental Protection Agency (EPA) sets the Renewable Fuel Standard (RFS) obligations below statutory levels. The analysis, “Economic Impacts Resulting from …
Ethanol Groups Attack API Report
Ethanol organizations responded Wednesday to what they say is a “flawed study” released by the American Petroleum Institute (API) that concludes “statutory biofuel mandates under the Renewable Fuel Standard (RFS) are infeasible to achieve in 2015 and beyond and could cause severe harm to consumers and the U.S. economy.” Renewable Fuels Association (RFA) President and CEO Bob Dinneen says the …
EIA: Outage Increased Midwest Gas Prices
New data from the Energy Information Administration (EIA) confirms that the unplanned outage earlier this month of a 240,000-barrels-per-day unit at a refinery in Whiting, Indiana, caused gas prices to spike throughout the Midwest. The outage occurred on August 8 and EIA notes that regular gasoline prices in the Midwest increased by 32 cents a gallon within the following week, …
RFA to EPA: Provide Consumers Relief at Pump
In light of a refinery shutdown of the BP plant in Whiting, Indiana that produces 240,000-barrels-per-day, the Renewable Fuels Association President and CEO Bob Dinneen is asking the Environmental Protection Agency (EPA) to provide consumers relief at the pump. Late last week, gas prices jumped an average of 80 cents per gallon overnight in several states including Illinois, Michigan Indiana, …
Renewables “Rock” U.S. Energy Growth
The SUN Day Campaign’s Ken Bossong, has noted once again that renewable energy sources are dominating the new energy landscape according to the latest “Energy Infrastructure Update” report from the Federal Energy Regulatory Commission’s (FERC) Office of Energy Projects. The reports shows wind and solar accounted for all new generating capacity placed in-service in April. For the month, two “units” …
TV Ad Marks 5th BP Spill Anniversary
Marking the fifth anniversary of the BP oil spill, Americans United for Change is running a television ad in Des Moines and Chicago calling it “no rare incident.” While BP airs their own ads congratulating themselves for their cleanup efforts despite the lingering economic and environmental fallout in the Gulf region, AUFC is kicking off Earth Day week with a …