Call for use of methanol as fuel alternative

Voluntary organisation Save Guwahati Build Guwahati (SGBG) has called for massive use of methanol as a fuel alternative.

During the pre-budget meeting it had with the Chief Minister on August 4, SGBG suggested that methanol from all places of the State should be carried through the 14-inch pipeline which was laid to carry two million tonnes of crude oil from Assam per annum, saying it should be used to carry 50 million tonnes of methanol per year.

What Mexico’s Energy Reform Means for Big Oil

Mexico’s Congress have given final approval to a far-reaching energy reform bill that will open up the oil and gas sector to private investment for the first time in 75 years. The historic opening, a central piece of Mexican President Enrique Pena Nieto’s agenda, will end the monopoly of state-owned oil company Pemex.

Three ways that oil matters for the crisis in Iraq

For months now, Sunni militants from the Islamic State (better known as ISIS) have been seizing control of large swathes of Iraq. ISIS is now threatening a major oil-producing region of Iraq. But it wasn’t until they encroached into semi-autonomous Kurdish territory and near the Kurdish capital of Erbil — an oil boomtown full of Western companies like Chevron and ExxonMobil — that the Obama administration decided to authorize airstrikes against ISIS

Refinery issues cause gas prices to rise

Average retail gasoline prices in Fort Wayne have risen 11.1 cents per gallon in the past week, averaging $3.53 a gallon Sunday, Augus t10, 2014 according to GasBuddy’s daily survey of 201 gas outlets in Fort Wayne. This compares with the national average that has fallen 1.7 cents per gallon in the last week to $3.47 a gallon, according to gasoline price website GasBuddy.com which powers wane.com’s Gas Gauge.

Ethanol: Key To U.S. Energy Independence

In 2013, ethanol production contributed more than $44 billion to the Gross Domestic Product and generated more than $4.5 billion in federal tax revenues. And in 2013 alone, the ethanol industry created and supported nearly 400,000 new jobs across the country. Contributing to food production, as well, ethanol supports the livestock industry by producing dried distiller’s grains, or DDGs—a high-protein livestock feed and ethanol by-product. Every 56-pound bushel of corn processed by a dry mill ethanol plant generates 2.8 gallons of ethanol and approximately 17.5 pounds of animal feed.

 

End ban on crude oil exports

The United States is a rising oil exporter. That sentence is amazing when you consider that federal law technically bans crude oil exports. Last week, the BW Zambesi oil tanker left Texas City, Texas, with $40 million worth of minimally processed condensate, a form of oil, and headed to South Korea. This was the first shipment following a Commerce Department determination that decades-old federal restrictions on crude oil exports do not apply to condensate from which drillers have removed various natural compounds.