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The Environmental Protection Agency, which is preparing to set mandates for 2013 ethanol use, shouldn’t consider opposition to gasoline blends with more than 10 percent of ethanol when establishing the targets, the Renewable Fuels Association said.
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Even as the U.S. produces more oil than at any time since 1992, gasoline remains a dollar higher than the average for the past decade in part because of George W. Bush-era rules that attach a 38-digit Renewable Identification Number to every gallon of ethanol.
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U.S. drivers may face a $13 billion increase in the cost of gasoline this year as the price of federally mandated ethanol credits has risen 10-fold for oil refiners including Valero Energy Corp. and CVR Energy Inc.
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U.S. drivers may face a $13 billion increase in the cost of gasoline this year as the price of federally mandated ethanol credits has risen 10-fold for oil refiners including Valero Energy Corp. and CVR Energy Inc.
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Plans to reduce the carbon content of U.S. transportation fuels are likely to boost oil imports from the Middle East and lead to more pollution from diesel-fueled tankers, according to a report commissioned by the National Petrochemical and Refiners Association .
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The Environmental Protection Agency is proposing rules to expand the use of renewable fuels and thwart scams in a program hit by fraud and facing increasing criticisms from U.S. refiners.
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Jeffrey David Gunselman, the chief executive officer of defunct bio-diesel fuel company Absolute Fuels LLC, was indicted by a federal grand jury in Texas on charges he schemed to generate fake renewable fuel credits and sell them to oil companies and brokers.
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Enbridge Inc. may win more customers and better financial terms for its new oil-sands pipeline project while an expanded government review delays TransCanada Corp.’s rival Keystone XL line.
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Enbridge Inc.’s plan for a pipeline to carry oil-sands crude from Canada to the Texas Coast may gain a competitive advantage from the U.S. State Department’s demand for further study of TransCanada Corp.’s rival Keystone XL line.
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Before the notice was issued, the top official in Texas for the U.S. Environmental Protection Agency alerted health advocates that an emergency order was being issued against gas-driller Range Resources Corp.
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