Key takeaways from the latest CARD study
Iowa State University’s Center for Agricultural and Rural Development released a new study that concludes the original 2016 RFS targets can be met through E85 consumption.
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Are the oil majors rigging the free market?
The big oil companies aren’t blind to the threat posed by ethanol. And now it appears they’re doing all they can to hamstring wider access to the fuel by artificially increasing the price of E85 at their gas stations.
California’s gasoline imports increase 10-fold after major refinery outage
Over a five-month period following an explosion at a California oil refinery in February 2015, imports of gasoline into California increased to more than 10 times their typical level, drawing from sources that include India, the United Kingdom, and Russia.
Loophole gives some buyers of Tesla’s Model X a $25,000 tax deduction
Elon Musk and Tesla Motors, masterful at mining state and federal tax incentives, may have lucked into a tax loophole. The company’s new $100,000-plus Model X electric SUV qualifies for a $25,000 federal tax deduction. That’s on top of a $7,500 federal tax credit and a $2,500 California rebate given to buyers of battery-electric vehicles.
Gasoline prices fall in Midwest as Gulf Coast supply arrives in region
Gasoline prices in the U.S. Midwest tumbled Monday as supply arrived from the Gulf Coast and refineries came out of planned turnarounds.
U.S. annual oil output to drop for first time in eight years
U.S. oil output will decline in 2016 for the first time in eight years as producers slash spending, the Organization of the Petroleum Exporting Countries said Monday, while the producer group continues pumping at high levels.
TPH: Many oil companies ‘virtually abandoning’ exploration
The hunt for new stores of oil and gas has been dramatically curtailed amid a global crude slump, with exploration budgets at the largest oil companies cut in half from their peak levels in 2013, according to a new analysis.
U.S. oil output on brink of ‘dramatic’ decline, executive says
Oil executives are warning of a “dramatic” decline in U.S. production that could pave the way for a future spike in prices if fuel demand increases
Oil CEOs differ on carbon strategy, highlighting industry divide
The chief executives of Royal Dutch Shell PLC and ExxonMobil Corp. laid out contrasting visions this week for reducing fossil-fuel emissions, illustrating a divide between American and European energy companies ahead of a United Nations climate-change summit.
Why lifting America’s ban on oil exports won’t matter
As long as the U.S. remains a net importer of petroleum, an unfettered global market will produce only niche areas where export of U.S. crude makes any economic sense.
