News

U.S. Oil Production Has Already Passed Its Peak, Occidental Says

Source: By Kevin Crowley, Bloomberg • Posted: Thursday, October 15th, 2020

America’s oil production will never again reach the record 13 million barrels a day set earlier this year, just before the pandemic devastated global demand, according to Occidental Petroleum Corp. “It’s just going to be too difficult to replace the 2 million barrels a day of production that we’ve lost, and then to further grow beyond that,” Chief Executive Officer Vicki Hollub said Wednesday at the Energy Intelligence Forum. “Over the next three to four years there’s going to be moderate restoration of production, but not at high growth.”

Ethanol and China are flash points for Trump and Biden campaigns

Source: By Chuck Abbott, Successful Farming • Posted: Thursday, October 15th, 2020

President Trump “sold out ethanol to Big Oil” by handing out dozens of exemptions from the ethanol mandate, said Iowa farmer Pam Johnson, speaking for the Biden campaign at a forum on Tuesday. “We haven’t abandoned the RFS and we aren’t going to — ever,” retorted Trump representative Sam Clovis. Johnson and Clovis also sparred over farm trade with China but were united in opposing the introduction of supply management or land set-asides as mechanisms to boost commodity prices after years of bumper crops. The USDA estimates crop and livestock revenue this year will be the lowest in a decade while record-large federal payments provide 36% of net farm income.

President Donald Trump praises foreign leaders while knocking Joe Biden’s mental acuity at Des Moines rally

Source: By Brianne Pfannenstiel, Des Moines Register • Posted: Thursday, October 15th, 2020

“I saved ethanol. Ethanol is safe,” Trump said, promising Iowa’s farmers and biofuels industry that he is the only one who will deliver for them.  The Focus on Rural America poll of 200 likely Iowa voters has a margin of error of plus or minus 6.9 percentage points and paints a rosier picture for the president than other recent polling.

Trump Talks Farm Aid in Iowa

Source: By  Chris Clayton, DTN Ag Policy Editor • Posted: Thursday, October 15th, 2020

Telling Iowans he has delivered for them on direct farm aid, trade and ethanol, President Donald Trump told a crowd in Des Moines on Wednesday that some farmers are making more money under his aid programs than they would selling their crops. He also warned of an economic collapse if his rival, Democrat Joe Biden, is elected. Trump spoke before an estimated crowd of 10,000 people at the Des Moines Airport, reflecting his campaign style under the pandemic of pulling Air Force One right up to the crowd and walking directly on stage to speak.

Trump again upends stimulus strategy, complaining that Mnuchin hasn’t ‘come home with the bacon’

Source: By Erica Werner and Jeff Stein, Washington Post • Posted: Thursday, October 15th, 2020

President Trump called Thursday for even more stimulus spending than the $1.8 trillion that Treasury Secretary Steven Mnuchin proposed in his talks with House Speaker Nancy Pelosi, injecting yet more chaos into the unruly negotiations as the election nears. “I would take more. I would go higher,” Trump said in an interview on Fox Business Network, repeating his directive from earlier in the week to “go big or go home!!!”

Company Advances Ethanol Diesel Engine

Source: By Todd Neeley, DTN Staff Reporter • Posted: Thursday, October 15th, 2020

A start-up company developing a heavy-duty truck engine able to run on straight ethanol has reached a milestone in a series of tests performed to validate its technology. ClearFlame Engine Technologies reported in a news release on Wednesday it matched the torque and power of a commercial diesel engine using ethanol in place of diesel. The company said the technology delivered 500 horsepower and more than 2,500 foot-pounds of torque, “while eliminating the need for additional aftertreatment such as selective catalytic reduction or diesel particulate filter systems.”

Senators urge EPA to promulgate rule on biogenic carbon emissions

Source: By Erin Voegele, Ethanol Producer Magazine • Posted: Wednesday, October 14th, 2020

A group of 14 senators sent a letter to U.S. EPA Administrator Andrew Wheeler on Oct. 12 urging the agency to promulgate a rulemaking that recognizes the de minimis character of biogenic carbon emissions from agricultural feedstocks used to make food, fuel, beverages or bioproducts. According to the letter, the Biogenic CO2 Coalition submitted a petition to EPA on Sept. 9 requesting such a rulemaking. “Moving forward on this request would provide clarity for key stakeholders and align EPA policy with the biogenic emissions standards,” the senators wrote.

House rivals find common ground: Hating biofuel waivers

Source: By Marc Heller, E&E Reporter • Posted: Wednesday, October 14th, 2020

Democratic Rep. Cindy Axne of Iowa and her Republican challenger, former Rep. David Young, took turns last night bashing EPA for allowing some petroleum refineries to sidestep biofuel mandates. In a debate that otherwise showed division on health care policy, taxes and other issues, the biofuel question appeared to unite the candidates on a topic that’s sensitive in the nation’s top ethanol-producing state.

Energy association drops ‘petroleum’ from name

Source: By Mike Lee, E&E News reporter • Posted: Wednesday, October 14th, 2020

A trade group for filling-station owners dropped the word “petroleum” from its name this week, citing its growing portfolio of alternative energy sources and liquid fuels. The Energy Marketers of America, formerly the Petroleum Marketers Association of America, will continue to lobby for policies that boost gasoline, diesel fuel and heating oil, but also plans to advocate for research on biofuels and engine efficiency, according to a fact sheet. It’s also pushing for federal funding to reduce emissions from legacy diesel engines and funding for the National Oilheat Research Alliance, which focuses on efficiency and sustainability for the heating oil industry.

Corn farmers concerned California EV push will sink ethanol sales

Source: By Bengt Halvorson, Green Car Reports • Posted: Wednesday, October 14th, 2020

Farmers are reportedly worried about the effect an accelerated transition to electric vehicles—such as California’s recently announced ban on gas-vehicle sales by 2035—might have on an already fragile U.S. market for corn ethanol.  The Trump administration funneled what the New York Times described Monday as “an extraordinary government bailout” to farmers amounting to $46 billion in subsidies and federal payouts ahead of Election Day—a move that may help farmers make up for losses from trade wars, uneven policy, and the pandemic.