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Governors' Biofuels Coalition
NEWS UPDATE January 23, 2020

Top Story

America’s Radioactive Secret

By Justin Nobel, Rolling Stone  •    •  Posted January 22, 2020

One day in 2017, Peter pulled up to an injection well in Cambridge, Ohio. A worker walked around his truck with a hand-held radiation detector, he says, and told him he was carrying one of the “hottest loads” he’d ever seen. It was the first time Peter had heard any mention of the brine being radioactive. The Earth’s crust is in fact peppered with radioactive elements that concentrate deep underground in oil-and-gas-bearing layers. This radioactivity is often pulled to the surface when oil and gas is extracted — carried largely in the brine. [ read more … ]

Car Rule

Plan to Gut Obama’s Auto Mileage Rules Is Getting Dialed Back

By Ryan Beene, Bloomberg  •    •  Posted January 22, 2020

The Trump administration has dialed back its plan to relax fuel-economy requirements for new automobiles, retreating from a bid to freeze the mandates for six years. A draft of the final rule, now undergoing a final White House review, includes several changes that could make it easier to defend in court and more palatable to some automakers that had refused to publicly endorse the earlier proposal. The changes were described by three people familiar with the measure who asked for anonymity before a formal announcement. [ read more … ]

Policy & Politics

EIA forecasts crude oil prices will fall in the first half of 2020, then rise through 2021

By EIA  •    •  Posted January 22, 2020

In the U.S. Energy Information Administration’s (EIA) January Short-Term Energy Outlook (STEO), EIA forecasts that the Brent crude oil spot price will average $65 per barrel (b) in 2020 and $68/b in 2021 and that the West Texas Intermediate (WTI) spot price will average $59/b in 2020 and $62/b in 2021. EIA expects that crude oil prices will remain elevated in the first few months of 2020, reflecting a price premium on crude oil from recent geopolitical events. However, this price premium will diminish in the first half of 2020, and market fundamentals will drive the crude oil price forecast in the second half of 2020 and in 2021. [ read more … ]

EIA forecasts crude oil prices will fall in the first half of 2020, then rise through 2021

  •    •  Posted January 22, 2020

In the U.S. Energy Information Administration’s (EIA) January Short-Term Energy Outlook (STEO), EIA forecasts that the Brent crude oil spot price will average $65 per barrel (b) in 2020 and $68/b in 2021 and that the West Texas Intermediate (WTI) spot price will average $59/b in 2020 and $62/b in 2021. EIA expects that crude oil prices will remain elevated in the first few months of 2020, reflecting a price premium on crude oil from recent geopolitical events. However, this price premium will diminish in the first half of 2020, and market fundamentals will drive the crude oil price forecast in the second half of 2020 and in 2021. [ read more … ]

2020

Factbox: Climate change plans of the leading U.S. Democratic candidates

By Valerie Volcovici and Timothy Gardner, Reuters  •    •  Posted January 23, 2020

Klobuchar was one of the early backers in the Senate of the Green New Deal and has vowed to use her first 100 days in office to issue executive actions to tackle climate change by restoring some Obama-era policies. Playing to her strength as a Midwestern politician, she has called for boosting the Renewable Fuel Standard, a policy supported by corn-producing states like Iowa and Nebraska that require billions of gallons of ethanol in the nation’s gasoline supply. But Klobuchar, endorsed by the New York Times as the best of the Democratic field representing moderates, irked climate activists at the most recent debate in January calling natural gas a “bridge fuel” [ read more … ]

Relax, Democrats: your nominee will beat Trump in the midwest | Art Cullen

By Art Cullen, The Guardian  •    •  Posted January 22, 2020

The president’s approval rating is underwater in Iowa, Wisconsin and Michigan. Senator Joni Ernst, the Republican senator, has gone from being very popular to being the third most unpopular senator in the country, with an approval rating of just 37%, behind only Senator Susan Collins, of Maine, and the Senate majority leader, Mitch McConnell, of Kentucky, according to Morning Consult. All because of Trump. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.