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Governors' Biofuels Coalition
NEWS UPDATE July 14, 2014

Senators Klobuchar and Grassley Call for FTC Probe on Big Oil’s Monopoly on Fuels

By Marisa Perez-Reyes and Jessie Stolark, EESI  •    •  Posted July 14, 2014

On July 9, the Renewable Fuels Association (RFA) released a damning report on the stranglehold that the “Big Five” oil companies have over the retail fuel industry. The Big Five (Shell, BP, Chevron, ExxonMobil, and ConocoPhillips) have repeatedly claimed that they have no control over the offerings at individual retail gas stations, because they are individually and not refinery-owned.  However, RFA shows that extremely restrictive fuel contracts with Big Five refineries disincentivizes gas station owners from offering mid-blends to consumers, thus contributing to the E10 “blend wall”. On July 10, Senators Klobuchar (D-MN) and Grassley (R-IA), again requested that the Federal Trade Commission (FTC) look into whether or not the industry is violating anti-trust laws in their fuel supply contracts. [ read more … ]

Commentary: Will the Energy Future Be Built in the United States?

By Matt Carr, Executive Director, Algae Biomass Organization  •    •  Posted July 14, 2014

It’s time to put politics aside and set a clear energy agenda for the U.S.: Congress should move swiftly to set conditions for responsible development of energy resources that are available today while accelerating the development of renewable resources we’ll need tomorrow. Doing so will deliver fuel that we all need, provide jobs for Americans, address the risks of climate change, and keep our country competitive in a world filled with ambitious economies. [ read more … ]

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