As industry and politicians await this year's final ethanol mandate from the Environmental Protection Agency, the oil industry hopes to get a lower total out of the Obama administration with a long shot pitch that consumers want gasoline free from biofuels.
The American Petroleum Institute has asked EPA to consider an apparent increase in sales of unleaded gasoline with no ethanol. It has said those sales of so-called E0 should prompt a lower Renewable Fuel Standard requirement, below the 13.1 billion gallons of conventional ethanol it proposed last fall.
But the argument is running up against lobbying by the ethanol industry, which wants the totals raised, and EPA itself, and its success would be a surprise.
The Obama administration on Friday awarded $210 million to three companies to build refineries that will be able to make more than 100 million gallons a year of biofuels to power Navy ships and jets.
The awards come some three years into President Barack Obama's initiative to develop a domestic military-grade biofuels sector. It follows the testing of biofuels by the Navy in a live exercise in 2012.
Navigant Research said in a report that marine and aviation industries have been expanding their use of biofuels in recent years and projected that biofuels will make up 6.1 percent of the aviation fuel market by 2024, FuelFix reports.
NEW YORK (AP) — The price of corn fell to its lowest in almost four years on Monday as favorable weather conditions for the crop persist in the Midwest.
Corn for delivery in September fell 9 cents, or 2.2 percent, to $4.06 a bushel, its lowest price since August 2010. As recently as April 29, corn was trading at $5.22.
The price of corn has slumped in the last two months as the right combination of sun, rain and moderate summer temperatures has boosted the chances of a record crop this year. U.S. corn is currently entering its pollination stage, a critical point of its development.
Environmental Protection Agency Administrator Gina McCarthy on Wednesday said there is still no target date to issue final Renewable Fuel Standard biofuels requirements for 2014.
"I'm hoping to get that out soon," she said when asked about the status of the 2014 RFS proposal. "I know that people are concerned about it. I also know that there was a ton of comment on our proposal and we need to get this right," McCarthy added.
The EPA's decision to extend its deadline for refiners to meet 2013 Renewable Fuel Standard requirements will delay the agency's rule for 2014 levels until late summer, a development that could help Rep. Bruce Braley, D-Iowa, in his bid for the Senate, E&E reports.
The Obama administration's proposal for biodiesel fuel use in 2014 will be "disastrous" for the industry if it goes into effect, the Senate's second-ranking Democrat said Wednesday, calling on regulators to reverse course in the name of jobs.
Sen. Dick Durbin of Illinois, the chamber's majority whip, joined other senators to renew pressure on the White House and the Environmental Protection Agency to raise biofuels mandates under the Renewable Fuel Standard when it finalizes 2014 levels next month.
The Environmental Protection Agency on Tuesday rolled back its mandated use of non-corn cellulosic biofuel in gasoline to under 1 million gallons, a fraction of the levels it previously finalized for 2013 under the Renewable Fuel Standard.
Last August, the EPA set the amount at 6 million gallons before agreeing to reconsider the target at the behest of the American Petroleum Institute and the American Fuel and Petrochemicals Manufacturers. Administrator Gina McCarthy revised the requirement to 810,185 ethanol-equivalent gallons in light of lower-than-expected production last year.
The U.S. Court of Appeals for the District of Columbia Circuit on Thursday lifted a stay on the Environmental Protection Agency’s implementation of its Cross-State Air Pollution Rule, although legal arguments on challenges to some aspects of the regulation are set to take place next March, E&E reports.
Producers for American Crude Exports, or PACE, for short, is made up of more than a dozen independent oil companies who would like to see the decades-old U.S. ban on crude exports overturned, Reuters reports.
The Federal Energy Regulatory Commission staff has cleared the Constitution pipeline on its environmental impact, leaving Commissioners to make the final decision on the project, which is intended to add some 650 million cubic feet of natural gas capacity in New York and New England, FuelFix reports.
If the Federal Energy Regulatory Commission approves changes that PJM Interconnection will suggest to the rules, it’s possible the wholesale electricity market manager might find a way to keep a demand response program going despite legal challenges, E&E reports.
Rising global supply and sluggish demand were continuing to weigh on oil prices. U.S. benchmark crude for December delivery dropped $1.08 to settle at $81.01 a barrel on the Nymex, $1.74 lower than the price a week ago, while Brent finished at $86.13, a loss of 70 cents on the day and 3 cents less than last Friday’s settlement price, Reuters reports.
ConocoPhillips, alongside partners including BP and Exxon Mobil, has announced what it says is the first new drilling in the North Slope’s Kuparuk River Field in nearly a dozen years, a well to come on line in 2016 that will add 8,000 barrels a day of production, Platts reports.
In one of the most hotly contested and expensive House races in the country, Rep. Nick Rahall, D-W.Va., is battling against Republican candidate Evan Jenkins and powerful conservative groups backed by the Koch brothers, The New York Times reports.
Kristin Jacobs – who has turned in a strong performance in her campaign to be elected to the Florida House of Representatives in a flood-prone Miami district – is one of a number of candidates who are successfully pressing climate change as an issue even when polls say it’s not a top voter concern, The New York Times reports.
Opower says pilot programs run in Vermont and Southern California over the summer, which involved contacting customers to ask them to go easier on their air conditioning and then reporting back to them on how much electricity they saved compared to their neighbors, cut usage by nearly 3 percent on a number of hot days, The Washington Post reports.