Oil Prices Predicted to Stay Above $100 a Barrel Through Next Year

Source: DIANE CARDWELL and RICK GLADSTONE • New York Times • Posted: Monday, January 2nd, 2012

With Iran threatening to cut off about a fifth of the world’s oil supply by closing the Strait of Hormuz and unrest in Iraq endangering the ability to increase production there, financial analysts say prices for two important oil benchmarks will average from $100 a barrel to $120 a barrel in 2012.

EPA raises ethanol goal

Source: Cody Winchester • Argus Leader • Posted: Monday, January 2nd, 2012

The federal government has set its target for biofuels production in 2012, increasing by 1.25 billion gallons the amount of ethanol and biofuels that must be blended into the fuel supply.
Fuel providers will be required to blend 15.2 billion gallons of renewable fuel into the fuel supply in 2012. This includes 8.65 million gallons of cellulosic biofuels, up from 6.6 million gallons in 2011.

EPA: Ethanol production expected to grow in 2012

Source: DAN PILLER • Des Moines Register • Posted: Monday, January 2nd, 2012

The U.S. Environmental Protection Agency on Tuesday said ethanol production in 2012 should reach 15.2 billion gallons, an increase of about 1.25 billion gallons from this year.

After Three Decades, Tax Credit for Ethanol Expires

Source: ROBERT PEAR • New York Times • Posted: Monday, January 2nd, 2012

A federal tax credit for ethanol expired on Saturday, ending an era in which the federal government provided more than $20 billion in subsidies for use of the product. The tax break, created more than 30 years ago, had long seemed untouchable. But in the last year, during which Congress was preoccupied with deficits and debt, it became a symbol of corporate welfare. Fiscal conservatives joined liberal environmentalists to kill it, with help from a diverse coalition of outside groups.

Florida may eliminate ethanol in gas

Source: Mike Synan • FOX 35 News • Posted: Sunday, December 25th, 2011

State lawmakers are looking at a proposal from Representative Matt Gaetz to eliminate ethanol in Florida gasoline.

Ethanol Production At Record Levels; Biodiesel Too

NAFB News Service • Posted: Sunday, December 25th, 2011

According to the Energy Information Administration, ethanol production averaged 943-thousand barrels per day – or 39.6-million gallons daily during the latest reporting week. That is up 5-thousand barrels per day from the record set the previous week. The 4-week average for ethanol production stood at 935-thousand barrels per day for an annualized rate of 14.43-billion gallons. Stocks of ethanol stood at 17.7-million barrels.

Harsh Political Reality Slows Climate Studies Despite Extreme Year

Source: JUSTIN GILLIS • New York Times • Posted: Sunday, December 25th, 2011

At the end of one of the most bizarre weather years in American history, climate research stands at a crossroads.

Congress strikes deal on Keystone XL

Source: Christa Marshall • E&E • Posted: Friday, December 23rd, 2011

Congressional leaders struck a deal yesterday that could force President Obama to make a speedy decision about an oil pipeline that has divided his party and sparked environmental protests at the White House.

Despite low sales, supporters say year was a success

Source: Jason Plautz • E&E • Posted: Friday, December 23rd, 2011

As with most issues, the story of 2011 electric vehicle sales depends largely on perspective.

Congress Disappoints Biodiesel Industry

Source: Cindy Zimmerman • Domestic Fuel • Posted: Friday, December 23rd, 2011

Congress has failed to renew the biodiesel tax incentive that will expire at the end of this year and the biodiesel industry is hoping they will turn it around and act quickly in 2012 to save thousands of jobs that have been created thanks to the initiative this year.