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Governors' Biofuels Coalition
NEWS UPDATE March 14, 2022

Top Story

Congress set to keep focus on Ukraine, energy prices

By Nick Sobczyk, E&E News  •    •  Posted March 14, 2022

The Russian invasion of Ukraine and high gas prices are dominating the political discussion as Congress returns this week, continuing to complicate Democrats’ efforts to revive their stalled climate and social spending bill. The war has ignited an energy policy battle on Capitol Hill, with Republicans blaming President Biden’s policies for skyrocketing oil prices and Biden pointing the finger at Russian President Vladimir Putin. [ read more … ]

E15

Major US retail fuel groups ask EPA to allow year-round E15 sales

By OPIS  •    •  Posted March 14, 2022

Three U.S. retail fuel industry groups this week asked EPA to authorize the year-round sales of E15 to reduce the country’s dependence on foreign energy sources. In a Wednesday letter to EPA Administrator Michael Regan, the National Association of Convenience Stores (NACS); SIGMA, which represents fuel marketers and chain retailers; and NATSO, which represents truck stop and travel plaza operators, said this “common-sense step would provide much-needed price relief at the pump while enhancing America’s energy security and improving gasoline’s emissions characteristics.” [ read more … ]

Congress

Beyond corn: Panel mulls future of bio-based fuels, chemicals

by Marc Heller, E&E News  •    •  Posted March 14, 2022

The House Science, Space and Technology Committee this week will peek into the future of biofuels — a future that’s about more than turning corn into ethanol. The panel will hear from experts in converting bio-based materials into energy and chemicals, including a company that converts carbon emissions into fuel and other material. While the federal renewable fuel standard has long spurred production of ethanol with corn and soybeans, the nation has yet to come close to meeting the goals for more advanced biofuel and cellulosic ethanol that the program envisioned in the mid-2000s. [ read more … ]

Markets

Corn Sees Longest Weekly Rally Since May as War Lifts Demand

By Megan Durisin and Kim Chipman, Bloomberg  •    •  Posted March 14, 2022

Corn futures capped Friday with their longest weekly rally since May as war in Ukraine sidelines supplies and leaves buyers turning elsewhere for grain. The U.S. reported net corn export sales of 2.2 million tons in the week to March 3, topping analyst expectations, government data showed Thursday. Ukraine is a major corn shipper and its ports have been shuttered since Russia invaded. The country still had about 16 million tons left to export this season — about half the total expected before war erupted — and questions remain over how much of that can ultimately make it to market. [ read more … ]

Commentary

Opinion: Skyrocketing oil prices are a painful reminder of the need for energy diversification

Boy Grant Kimberley, Des Monies Regiter  •    •  Posted March 14, 2022

It’s official: Gas prices are now the highest in U.S. history, breaking records set in 2008. We know that the war in Ukraine is a major factor behind the soaring oil prices, and we are just beginning to feel that pain at the pump. However, the underlying problem is an old one: dependence on foreign oil. 
[ read more … ]

America’s Ethanol Obsession Helps Putin

By David Frum, The Atlantic  •    •  Posted March 14, 2022

Ethanol was historically justified as an energy-independence strategy. Campaigning in Iowa for the Democratic presidential nomination in 2007, Barack Obama declared that ethanol “ultimately helps our national security, because right now we’re sending billions of dollars to some of the most hostile nations on earth.” Obama had plenty of practice defending ethanol: He’d entered federal politics as a senator from Illinois, the nation’s second-largest corn producerafter Iowa. [ read more … ]

EVs

Electric Vehicles Have a Fuel-Efficiency Problem

By Stephen Wilmot, Wall Street Journal  •    •  Posted March 14, 2022

How fuel-efficient is the electric vehicle you’re thinking of buying? The question isn’t as silly as it sounds. The electricity stored in the big lithium-ion batteries that drive EVs is fuel too. The amount needed to propel all that metal a given distance forward matters for the electricity bills you will end up paying, the miles you can travel between charges and the size of the battery you need to buy in the first place. [ read more … ]

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