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 …
RFA CEO Calls Out Big Oil’s E15 Hypocrisy
In an editorial this week, Renewable Fuels Association (RFA) president and CEO Geoff Cooper called out the hypocrisy of oil interests when it comes to allowing year round sales of 15% ethanol, E15. Noting that “hell hath no fury like Big Oil scorned,” Cooper debunks all of the oil industry’s dire warnings in response to President Trump’s recent decision calling …
White Energy Teams with Occidental for CO2 Study
Occidental Petroleum Corporation and White Energy are teaming up to evaluate the economic feasibility of a carbon capture, utilization and storage project. The project would capture carbon dioxide (CO2) at White Energy’s ethanol facilities in Hereford and Plainview, Texas, and transport it to the Permian Basin, where Occidental would use it in its enhanced oil recovery (EOR) operations. Occidental injects …
Report Says Icahn Refinery Received RFS Waiver
Reuters published an exclusive report today citing two anonymous sources who claim EPA granted a small refinery hardship exemption to CVR Energy, owned by billionaire Carl Icahn, the power behind last year’s attempt to dilute the Renewable Fuel Standard by changing the point of obligation. CVR Energy just released its 1st quarter earnings last Thursday, posting a net income of …
Sen. Cruz Rally Disappoints Ethanol Industry
Sen. Ted Cruz (R-TX) held a rally at Philadelphia Energy Solutions with refinery workers from along the East Coast to continue his attacks on the Renewable Fuel Standard (RFS), much to the disappointment of the ethanol industry. “Senator Cruz’s efforts to secure a so-called ‘win-win’ solution to protect refining jobs are entirely misdirected,” said Renewable Fuels Association president and CEO …
RFA Cites Small Refiner Exemption Concerns
Renewable Fuels Association (RFA) president and CEO Bob Dinneen sent a letter last week to EPA Administrator Scott Pruitt expressing concern about a troubling “lack of transparency” in EPA’s management of the Renewable Fuel Standard’s (RFS) small refinery exemption provisions that could “destabilize the market for renewable fuels and undermine Congress’s goals for the RFS program.” EPA has the ability …
#RFANEC Future of Fuels Policy Panel
Renewable Fuels Association president and CEO Bob Dinneen reached across the aisle to invite his friends from the petroleum industry to join him on stage at the National Ethanol Conference to discuss the future of fuels policy and find areas of agreement. American Fuel & Petrochemical Manufacturers president and CEO Chet Thompson and American Petroleum Institute Executive Vice President & …
#Ethanol Report on Cabinet Picks
Some ethanol interests may be getting a little nervous about the oil industry ties of several Trump administration cabinet selections. Those include former Texas Governor Rick Perry for energy secretary, Oklahoma Attorney General Scott Pruitt for EPA administrator and ExxonMobil CEO Rex Tillerson as Secretary of State. In this Ethanol Report, Renewable Fuels Association president and CEO Bob Dinneen says …
Opis’ Kloza #ACE2016: The Rise & Fall of Oil
When record high oil prices plagued the globe, many thought $100 per barrel was going to be the new norm. But this wasn’t the case when in February 11, 2016 a barrel of oil was trading for only $26.05 per barrel. What happened? To learn more about the rise and fall of oil, Tom Kloza, global head of energy analytics …