Bitumen from Canada’s oil-sands formations is free to ride in older rail cars under an amended set of rules issued by the U.S. yesterday that also eased testing for oils that shippers are familiar with handling.
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 .
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.
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.
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.
For months, lobbyists for refiners such as Valero Corp. and Exxon Mobil Corp. have warned that a U.S. law requiring increased use of ethanol would result in a mandate to add more of the fuel than they could safely blend into gasoline.