News

Brazil Look to Benefit from US Renewable Fuel Standard Mandates

Oilprice.com • Posted: Wednesday, March 7th, 2012

US rules on ethanol usage will favour Brazilian cane sugar producers and could lead to a surge in imports in the coming years, according to a research note from Rabobank International. However, if Brazilian imports do surge, US legislators will likely act to change the rules, the analysts warned.

New TV ads will focus on childhood asthma in bid to protect carbon rules

Source: Jean Chemnick • E&E • Posted: Wednesday, March 7th, 2012

Environmentalists will link carbon emissions to asthma in a television ad campaign that begins today. The Sierra Club and Natural Resources Defense Council are sponsoring the ad featuring elementary-school children wandering the halls of Congress with inhalers and wearing oxygen masks to meetings with lawmakers.

REFRESH Act: Strengthen rural communities and U.S. energy security

Source: Richard Lugar, Marlin Stutzman • Posted: Tuesday, March 6th, 2012

The House and Senate will consider a new Farm Bill at a time when Americans are struggling with climbing energy costs. This nation deserves strategic policies that promote economic growth, enhance our energy security, and work to save Americans’ money. This will require a comprehensive approach that incorporates more domestic oil, biofuels, fuel-saving innovations, and trade with our Canadian partners.

Record US corn crop to cool red-hot prices-FAPRI

Reuters • Posted: Tuesday, March 6th, 2012

U.S. farmers will harvest a record corn crop this year, which will rebuild stockpiles and bring down prices, a University of Missouri think tank projected in a report on Monday that came in 2.5 percent lower than the most recent U.S. government projection.

EPA switches course on new feedstocks in fuel standard

Source: Amanda Peterka • E&E • Posted: Tuesday, March 6th, 2012

On the heels of opposition from the environmental community, U.S. EPA today withdrew a rule that would have added four new feedstocks to the Renewable Fuel Standard. The direct final rule, proposed in early January, would have allowed advanced biofuels made from camelina oil, energy cane, giant reed and napiergrass to qualify under the yearly obligations set by the standard. It also would have opened the standard to biomass-based jet fuel and certain renewable gasolines made from crop residues and yard, food and municipal solid wastes.

60 lawmakers urge Obama admin to not retreat from biodiesel goals

Source: Amanda Peterka • E&E • Posted: Tuesday, March 6th, 2012

Sixty bipartisan House and Senate members today urged the Obama administration to stay the course on a proposed 2013 volume requirement for biodiesel, warning that a retreat would stymie the still-fledgling industry’s rapid growth. In June of last year, U.S. EPA proposed raising its yearly requirements for biodiesel production to 1.28 billion gallons, up from 1 billion required this year and 700 million in 2011. The agency sets the volume obligations, along with ones for other types of biofuels, through the renewable fuel standard.

CEOs urge Congress to extend cellulosic tax incentives

Source: Amanda Peterka • Posted: Monday, March 5th, 2012

CEOs of advanced biofuels companies asked Congress today to extend two tax incentives due to expire at year’s end. The cellulosic biofuels tax credit and depreciation allowance for new ethanol plants are “vital” to the development of the still-fledgling advanced biofuels market, the more than 30 executives said in a letter to leaders of the two tax-writing committees, House Ways and Means and Senate Finance

Obama urges commitment to clean energy, end to oil industry tax credits

Source: John McArdle • E&E • Posted: Monday, March 5th, 2012

With gasoline prices at historic winter highs, President Obama made his second major energy address in as many weeks today, decrying “phony election-year promises” about quick fixes and warning there is no “silver bullet” on energy issues.

Ethanol Declines as Supply Glut Outpaces Blending Demand

Source: Mario Parker • Bloomberg • Posted: Monday, March 5th, 2012

Ethanol futures declined in Chicago as supply outpaced demand for the biofuel. Futures slipped following an Energy Department report that supply rose for an 11th consecutive week to a record 22 million barrels in the week ended Feb. 24

Obama: Fuel-efficient cars an answer to gas prices

CNBC • Posted: Monday, March 5th, 2012

President Barack Obama says higher auto mileage standards set under his administration and better cars built by a resurgent U.S. auto industry will save money at the gas pump over the long term, a counterpoint to Republican criticism of his energy policy