Woe is a country who can’t break its dependence on foreign oil. But how do you make such a bold move when our entire society is built upon its wares? And even more so, how do you break the chains when there are no other alternatives? This are some of the topics discussed in this week’s book, “Life Without Oil: …
Book Review – The H Factor
Reading books about the renewable energy industry shouldn’t be all about education. That’s why this week I took a “mini” vacation and read the novel “The H Factor,” by L.E. Indianer. This fast pace story closely follows the triumph of two college students attending Georgia Tech University who using hydrogen, create the energy silver bullet. But basking in their invention …
KiOR Breaks Ground, Signs FedEx
KiOR has had a busy week. They recently announced a ground fuel supply agreement with FedEx. Under the agreement, KiOR will supply renewable diesel blendstocks for purchase by affiliates of FedEx Corporate Services. This is the company’s first end-user agreement. The oil will be produced at the company’s first commercial production facility in Columbus, Mississippi that is scheduled to go …
Time to End Oil Subsidies and Taxes?
As gas prices go “up, up and away” once again oil companies are on the hot seat as they announced massive profits. And while the renewable energy industry continues to be attacked for its subsidies and incentives, no one mentions the billions of dollars of subsidies the oil companies receive each year and have been for over a hundred years. …
Sticker Shock at the Pump on Summer Travel Agenda
According to AAA’s fuel-gauge report, this week the national average for one gallon of regular unleaded is $3.79 up from $2.86 last year, a 33 percent price hike. While it is higher in some areas and lower in others, price jumps at the pump are far from over. As the summer driving season nears, a new study estimates that pump …
FAO Urged to See Oil and Food Price Correlation
The Global Renewable Fuels Alliance (GRFA) is calling on delegates to the United Nations Food and Agriculture Organization (UNFAO) meeting in Rome to focus on the price of oil as the real driver behind rising food costs. Last week while addressing the South American renewable fuels industry in Buenos Aires, GRFA spokesperson Bliss Baker presented data showing the direct link …
Agilyx Secures $22M in Funding
Renewable energy company Agilyx Corporation has secured $22 million in Series B funding. Agilyx believes they are the first company to economically covert difficult recycle waste plastic into synthetic crude oil. The monies will be used to expand operations and accelerate the growth of their technology to market. The funding round was led by Kleiner Perkins Caufield & Byers and …
Are US Strategic Petroleum Reserves the Answer?
As gas prices continue to rise and in some areas across the country they are now over $4.00 a gallon, some are calling for oil to be released from the Strategic Petroleum Reserve (SPR) as a way to bring consumers relief. In fact, on average, gas prices are averaging 75 cents more per gallon than this week a year ago. …
Mid East Unrest and $100 Oil
As U.S. crude oil touches a $100 a barrel for the second time since October 2008, consumers are seeing gasoline prices rising at the pump and oil economists are talking about the real possibility of $4.00 and $5.00 gallons of gas. Four dollar gas is close – when I bought gas yesterday it was $3.79 a gallon. In a press …
CARB Tackling Crude Oil’s Carbon Intensity in LCFS
The California Air Resources Board (CARB) is getting ready to move forward with determining the carbon intensity of crude oil. On February 17, they are holding a Low Carbon Fuel Standard (LCFS) Crude Oil Screening Workgroup Meeting. For those following the LCFS debate, you’ll note that still under fire is CARB’s final ruling on the carbon intensity levels given for …