Officials with the Global Renewable Fuels Alliance (GRFA) say a letter criticizing biofuels sent to British Prime Minister David Cameron by a group led by two of the world’s largest multinational food companies is “biased and misleading.” “Nestlé Chairman, Peter Brabeck-Letmathe who co-authored this misguided attack on biofuels has no credibility on this issue,” said Bliss Baker, spokesperson for the …
Quest for Oil
In an age when oil is becoming harder and harder to find and many are calling for more renewable energy, Maersk, a shipping and oil company, has released a new game ‘Quest for Oil’. The game allows players to experience the stresses and strains of successfully managing an oil company. Maersk said one reason the game was created was because …
World Bank: Crude Oil Biggest Driver of Food Prices
According to a recent study by the World Bank, “Long-Term Drivers of Food Prices,” oil prices are the biggest driver of higher food prices. The study, using data from 1960-2012, applied an economic model to five internationally-traded food commodities (maize/corn, wheat, rice, soybeans and palm oil) and studied the impact of several food-price drivers. These included energy prices, exchange rates, …
Iowa Retailer Says Big Oil Disrupting E15 Sales
An Iowa congressman and a fuel retailer in his state are claiming that the oil companies’ fuel distribution monopoly is forcing the discontinuation of 15% ethanol blended fuel (E15) sales during the summer. Representative Bruce Braley (D-IA) joined Linn Coop Oil Company service manager Jim Becthold and Iowa Renewable Fuels Association Executive Director Monte Shaw for a press conference at …
Energy Exec Survey: Energy Independence by 2030
According to the 11th annual Energy Industry Outlook Survey conducted by the KPMG Global Energy Institute, 62 percent of energy executives believe the U.S. can attain energy independence by 2030, eliminating dependency on foreign oil. The survey polled more than 100 senior energy executives in the U.S. and found that this is a 10 percent increase from last year’s survey. …
Shell at ABLC: Don’t Blame Big Oil for Blend Wall
One of the great things about the Advanced Biofuels Leadership Conference is the diverse group of biofuels stakeholders with diverse points of view. Case in point, Shell Oil’s presence at the gathering, and the company’s Downstream Policy & Advocacy Manager, North America, John Reese, who makes the contention that it’s not the oil companies who are creating the E15 blend …
Short-Term Energy & Summer Fuels Outlook Released
The U.S. Energy Information Administration (EIA) has released its April Short-Term Energy and Summer Fuels Outlook. Some report highlights include the prediction that the price for West Texas Intermediate crude oil will average $94 a barrel this year, the same as last year. The international benchmark Brent crude oi is forecast to be $4 less than last year at $108 per …
Economist Says E85 Will Solve RINS Price Issue
A highly respected oil economist believes the solution to the current Renewable Identification Numbers (RINs) price issue is more sales of E85 (85% ethanol). Economist Phil Verleger has weighed in on the RINS situation in the latest edition of Notes at the Margin, his weekly email report about news impacting the petroleum industry. “The obvious solution to the RIN price …
Big Oil’s Big Stall
Big Oil lobbed another attack today against the biofuels industry. Brian Jennings, executive vice president of the American Coalition for Ethanol (ACE) responded by saying the Renewable Fuel Standard (RFS) is not about the oil industry’s comfort; it is about providing cleaner American-made alternatives to consumers. “The RFS costs taxpayers nothing and is doing exactly what Congress intended; saving consumers …
RFA Calls for Investigation of Oil Industry Conduct
The Renewable Fuels Association (RFA) is requesting a multi-agency investigation into what they are calling the “discriminatory and unlawful conduct” on the part of the oil industry. In a letter sent today to the Environmental Protection Agency (EPA), the Federal Trade Commission (FTC), the Department of Energy (DoE) and the Department of Agriculture (USDA), RFA requested the agencies investigate the …