Oil prices have reached a new six-month high as Iran’s reduction of oil shipments to Europe is forcing American motorists to pay more for gasoline. In reaction, the American ethanol industry is telling consumers that higher blends of ethanol in motor fuel would reduce prices at the pump and reduce OPEC’s influence over our nation’s economy. “American motorists are looking …
Consumer Energy Alliance Opposes California LCFS
The ethanol industry has an unlikely ally in its opposition to the California Low Carbon Fuel Standard that bans the use of corn ethanol in that state. A diverse multi-state coalition that is primarily concerned with the rule’s impact on oil and gas is also opposed. The Consumer Energy Alliance, a coalition of over 170 energy consumer groups and 300,000 …
How to Turn Oil into Salt
The idea of turning oil into salt may sound like something that should be done in a science lab but Dr. Gal Luft says it’s something that Congress can do with a simple piece of legislation. Luft, who is executive director of the Institute for Analysis of Global Security, explained his analogy between oil and salt at the 6th Annual …
GROWMARK Streamlines Energy Delivery
GROWMARK and FS Energy have given a whole new meaning to energy efficiency with the wireless Energy Business System (wEBS) which has streamlined their fuel delivery system. GROWMARK Information Management Solutions director Keith Milburn says wEBS was developed as a fuel billing solution that makes the record keeping process easier by providing instantaneous information such as fuel type, tank sizes, …
IEA Warns of Insecure Fossil Fuels Future
The world is heading for an insecure and inefficient energy future unless there is a “bold change of policy direction” soon, warns a new report from the International Energy Agency (IEA). The 2011 edition of the World Energy Outlook (WEO), released by IEA last week in London, said there is still time to act, but the window of opportunity is …
Iowa RFA Questions Rick Perry on Oil Subsidies
As presidential candidate Rick Perry returned to Iowa today, the Iowa Renewable Fuels Association (IRFA) took the opportunity to question the Texas governor’s plan for energy tax incentives. After the IRFA pointed out that Perry’s energy plan would end ethanol tax credits in less than two months, but allow oil tax subsidies to continue indefinitely, a Perry spokeswoman told Bloomberg …
Reports Blame Speculators for Higher Prices
Two reports released earlier this week concluded that commodity market speculation is largely to blame for increasing prices of food and energy. The reports were issued in advance of the October 18 meeting of the Commodities Futures and Trading Commission (CFTC) which placed limits on speculation in a variety of commodities including oil, corn, gold and natural gas. One report …
Ethanol Leader Responds to Perry Energy Plan
Texas Governor and Republican presidential hopeful Rick Perry donned a hard hat at a Pennsylvania steel plant on Friday to announce his “Energizing American Jobs and Security” plan that he says will create over a million jobs and “reduce dependence on hostile foreign oil.” “We are standing atop the next American economic boom – energy – and the quickest way …
International Groups Urge Ending Fossil Fuel Subsidies
Two international organizations are recommending reform of fossil-fuel subsidies to improve the economy and the environment. An analysis by the International Energy Agency (IED) and the Organisation for Economic Co-operation and Development (OECD) found that governments and taxpayers spent about half a trillion dollars last year supporting the production and consumption of fossil fuels and that removing such subsidies would …
Global Biofuels Group Calls Qatar Comments “Self-Serving”
The Global Renewable Fuels Alliance (GRFA) is calling comments made this week by a Qatari government advisor about biofuels contributing to world hunger “self-serving.” At a global grains summit in Turkey on Monday, Quatari food security program advisor Mahendra Shah was quoted as saying, “Biofuels will trigger an increase in agricultural prices. Biofuels will result in another 120 million people …