• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 8 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 1 day "False Flag Planted In Nord Stream Pipeline, GFANZ, Gore, Carney, Net Zero, U.S. Banks, Fake Meat, and more" - NEWS in 28 minutes
  • 10 hours ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 4 hours Wind droughts
  • 6 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 1 day Xi Is Set To Be Re-Elected As China’s Leader
  • 14 hours 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 4 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 5 hours Australian power prices go insane
  • 10 days Oil Prices Fall After Fed Raises Rates
  • 8 hours Europeans and Americans are beginning to see the results of depending on renewables.
  • 11 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
Andy Tully

Andy Tully

Andy Tully is a veteran news reporter who is now the news editor for Oilprice.com

More Info

Premium Content

Biofuel Industry Presses White House To Strengthen Renewable Fuel Program

The White House is expected to issue goals soon for the country’s use of renewable fuels during 2014 and its coming under pressure from the biofuels industry and some Democratic senators to set higher long-term objectives.

The Renewable Fuel Standard calls for gradually raising the proportion of biofuels mixed in with gasoline and diesel fuel every year through 2022. The Environmental Protection Agency (EPA) is expected to increase the amount of corn ethanol to about 13.6 billion gallons from the current level of 13 billion gallons set in November 2013.

But biofuel industry officials say the EPA’s longer-term plans are to limit the rate of increase in subsequent years. Companies including Abengoa Bioenergy, Green Plains Inc. and Pacific Ethanol Inc. say that smaller increases could threaten the long-term health of the biofuel industry.

One problem is that for more than two years, more than 35 applications for new energy sources have been waiting for a decision by the EPA as to whether they qualify for biofuel status. This prevents potential customers from obtaining the credit they need to buy these products. Complicating matters is that corn growers have been pressing the White House to maintain their crops’ protected status as a biofuel.

Corn-based ethanol provides only a 20 percent emissions improvement over unblended gasoline and some environmental groups say that’s an inconsequential improvement over fossil fuels. They also argue that demand for it by the biofuel industry makes corn more expensive, which threatens the world’s food supply, and would like to see corn removed from the mandate altogether.

Representatives of the Advanced Biofuels Association (ABFA), an industry group, met recently at the White House with senior presidential adviser John Podesta to urge the administration to accelerate approval of new biofuels.

ABFA President Michael McAdams, one of seven industry executives present at the meeting, told Reuters afterward, “We really tried to focus on how important it was to get [new biofuels] approved in a more expeditious way so we can actually bring more gallons to market.”

The administration is hearing similar arguments from some members of Congress. Ten Democratic senators met with Podesta on July 27 at the Capitol office of Sen. Al Franken (D-MN) to urge the White House not to weaken the Renewable Fuel Standard.

Related Report: The 5 NEXT Big Oil & Gas Trends

The group wants stronger investment in the biodiesel industry, which they argued would both reduce the country’s reliance on foreign oil and stimulate job growth in rural America.

After the meeting, Franken, chairman of the Senate Energy Subcommittee, said, “[N]ow is exactly the wrong time for the EPA to try to weaken the Renewable Fuel Standard and allow big oil companies to blend less biodiesel and other renewables into our nation’s gas supply. [W]e need to renew our commitment to renewables, and we can start by reversing this shortsighted proposal.”

By Andy Tully of Oilprice.com


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Lee James on August 05 2014 said:
    For me, things get kind of muddled between corn ethanol and advanced biofuels. I think clarity between the two is needed in discussions.

    I note that folks who object to us having "too much government" frequently point to the corn ethanol boondoggle (along with Solyndra).

    While I do not have any more problem with "government" than I do with big business, I have always thought that we need to get beyond using food for fuel. Besides, there's essentially no net energy gain with corn ethanol; can we pass on calling it "renewable" energy?

    Progress is slow, but hopefully can get oil from something besides fossils.

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News