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Governors' Biofuels Coalition
NEWS UPDATE May 15, 2013

IEA Lowers U.S. Biofuel Production Forecast

By Mario Parker, Bloomberg  •    •  Posted May 15, 2013

The outlook for ethanol production growth in the U.S. is dimmed because of the growing debate on whether the country should abandon or revise the biofuels policy, the International Energy Agency said today. Last year’s drought, which damaged corn crops and raised costs for livestock farmers, provided fodder for those who oppose the Renewable Fuels Standard, or RFS2, which calls for the U.S. to use escalating amounts of biofuels in petroleum. The mandate is also under attack from petroleum industry advocates who say stagnant gasoline demand makes the law unworkable, the IEA said in its Medium-Term Oil Market Report. [ read more … ]

High Oil Prices Help Oil Production, But Not Biofuels

Kevin Bullis. MIT Review  •    •  Posted May 15, 2013

An International Energy Agency report says investments in oil technology will lead to a worldwide supply boom. High oil prices were supposed to make biofuels and other oil alternatives more competitive. If only oil would stay above $80 a barrel (or $70 or $60), biofuels companies often say, then they’d have a market. Their technology for turning weeds into alcohol or pond scum into crude oil could really take off. [ read more … ]

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