Blog post by Geoff Cooper, Renewable Fuels Association President and CEO Fifty years ago this week, the Organization of Petroleum Exporting Countries (OPEC) announced an embargo on oil exports to the United States in retaliation for America’s support of Israel in the Yom Kippur War. The embargo took a devastating toll on the U.S. economy, as world oil prices quadrupled …
Oilseeds Stakeholders Urge Use of GREET Model for SAF
Clean Fuels Alliance America, the American Soybean Association, the National Oilseed Processors Association, and the U.S. Canola Association this week wrote to a senior energy advisor urging the Biden administration to support the investments made by U.S. companies and farmers who are ramping up production of sustainable aviation fuel (SAF). The trade associations, whose combined memberships represent the entire value …
RFA Urges Biden to Support Biofuels Over Foreign Oil
The Renewable Fuels Association (RFA) sent a letter to President Biden last week supporting the Administration’s call for an investigation into the true causes of recent higher gas prices. The letter also underscored that the solution to higher pump prices is not more oil from OPEC+, but rather increased production and use of home-grown fuels such as ethanol. “Rather than …
Ethanol Could Help Ease Pipeline Pain
The fuel supply challenges being faced by some states due to the Colonial Pipeline shutdown could be helped by increasing use of 15 percent ethanol (E15), according to the Renewable Fuels Association (RFA). In a letter to EPA Administrator Michael Regan, RFA President and CEO Geoff Cooper specifically asked EPA to suspend certain regulatory requirements that otherwise would impede and …
Biden Wants Zero Emissions by 2025, or 2050
Democratic presidential candidate Joe Biden expressed support for “complete zero emissions by 2025” by transitioning away from oil during the debate with President Donald Trump Thursday night. “Because the oil industry pollutes significantly,” said Biden. “It has to be replaced by renewable energy over time.” Biden mentioned solar and wind energy, but renewable fuels were not specifically mentioned by either …
Senators Claim Court Decision Jeopardizes Refineries
A group of senators from oil-friendly states sent a letter to President Trump last week claiming that if the recent 10th Circuit Court decision on small refinery exemptions is allowed to stand it “will jeopardize nearly all small refineries” in the country. Senate Committee on Environment and Public Works (EPW) Chairman Senator John Barrasso (R-WY) spearheaded the letter urging the …
Legislation Would Target Oil Subsidies
Sens. Chuck Grassley (R-IA) and Tom Udall (D-NM) introduced legislation this week to update the nation’s antiquated public lands royalty system and ensure that taxpayers get fair returns on leases of public lands for oil and gas production. Introducing the bipartisan Fair Returns for Public Lands Act of 2020, Grassley said, “Low royalty rates on oil produced on federal lands …
Has the U.S. Really Achieved Energy Independence?
Opinion by Scott Richman, Renewable Fuels Association Chief Economist From the RFA Blog The recent conflict with Iran and its proxies in Iraq has served as a reminder of the enduring potential for geopolitical risk to unsettle petroleum markets – not just globally but also in the U.S. While the U.S. has become significantly more energy-secure over the last decade, …
RFA CEO Says Saudi Attack Shows Need for Ethanol
Drone attacks on Saturday in Saudi Arabia that knocked out more than 5 percent of global oil supply and caused a major spike in oil prices on Monday spotlight the need for real energy security by diversification of the liquid fuel supply, according to Renewable Fuels Association President and CEO Geoff Cooper. “The crude oil and gasoline price spikes following …
EPA Chief Urged to Visit Ethanol Plant
EPA Administrator Andrew Wheeler visited an oil refinery in Pennsylvania Monday at the request of Sen. Pat Toomey (R-PA), who just last week filed legislation in Congress to eliminate corn ethanol from the Renewable Fuel Standard. Now ethanol producers would like to see Wheeler visit one of their plants. “This refinery produces 200k barrels/day and is a great economic driver …