One of the longest running and top rated Do-It-Yourself (DIY) shows on cable TV, “Man Caves,” will soon be rolling on up to transform a room or garage into a man’s dream room in a ROUSH liquid propane-powered E-350. The show, which airs on DIY Network, is in its seventh season and features a virtual rolling hardware store replete with …
Oil Imports In July Highest in 18 Months
Foreign oil imports are up for the first time in 18 months according to the latest figures from the Energy Information Administration (EIA). The U.S. imported 65 percent of its oil, or 388 million barrels in July 2010, sending nearly $29.6 billion or $663,231 per minute to foreign countries. This is the highest number of barrels of oil imported in …
Cali Takes Step to Support Corn Ethanol Producers
The California Energy Commission (CEC) has announced that it has approved three ethanol producers and four ethanol plants under its Ethanol Producers Incentive Program (CEPIP). If and when the program actually begins, it will pay an incentive to corn ethanol producers who are producing more than 10 million gallons per year and operating in the state; yet today, only one …
Dyadic Reports Second Quarter Loss
Dyadic International, Inc. reported a loss in second quarter revenues as compared to the same time period in 2009. Total revenue for the second quarter ending on June 30, 2010 decreased to $2.2 million compared to a reported $11.9 million the previous year. Total revenue for the first six months of the year was also down compared to 2009, with …
Gevo Prepares for IPO
Isobutanol company Gevo, Inc. has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) relating to its proposed initial public offering (IPO). The company has not disclosed how many shares it plans to offer nor when it will file for the IPO, but early estimates put the total worth of the IPO as high as $150 million. …
Book Review – The Great Global Warming Blunder
“I am under no illusion that this book will settle the scientific debate over the roles of mankind versus nature in global warming and climate change. Quite the opposite. I am hoping that the scientific debate will finally begin.” These are the final words of author and climatologist, Dr. Roy Spencer in his new book, The Great Global Blunder. While …
USDA Predicts Record Corn Crop
In the latest forecast issued by the U.S. Department of Agriculture (USDA), corn farmers are on track for a record corn crop and yield per acre for this year. The numbers are estimated to surpass the records set in 2009. USDA expects farmers to harvest 13.37 billion bushels, 2 percent larger than in 2009. They are also projecting 165 bushels …
Novozymes Acquires Brazilian Ag Company Turfal
Novozymes has announced that is has acquired Brazilian microorganism company Turfal in order to obtain direct access to the Brazilian bioagriculture market. Turfal develops and manufacturers microbes that stimulate the growth of crops, such as soybeans, by fixating nitrogen. These microbes allow growers to use less fertilizer and save money. Turfal’s operations are located 25 miles from Novozymes’ Latin American …
First U.S. Wave-Energy Project Moves Forward
Ocean Power Technologies (OPT), a New Jersey-based company focusing on harnessing energy from oceans, announced a major step towards the approval of a license issued by the Federal Energy Regulatory Commission (FERC) to build the first commercial wave park on the West Coast. OTC has signed a Settlement Agreement (SA) with 11 federal and state agencies along with three non-governmental …
Ethanol Production Strong, Exports Holding Steady
Ethanol production fell slightly for the week ending August 8, 2010 as compared to the week prior, yet remained strong totaling 866,000 barrels per day (b/d) or just shy of 36.4 million gallons per day. This according to Energy Information Administration (EIA) and reported by the Renewable Fuels Association (RFA). The four-week average ending August 6, 2010 shows ethanol production …