• 4 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 7 minutes Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 13 minutes NordStream2
  • 2 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 3 hours California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 15 hours "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 22 hours "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 21 hours An Indian Opinion on What is Going on in China
  • 1 day Can Technology Keep Coal Plants Alive and Well?
  • 2 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 2 days Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry
  • 4 days Perfect Energy Storm in Europe: turning our back on fossil fuels is easier said than done!
  • 19 hours U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 1 day Storage of gas cylinders
  • 4 days Nord Stream - US/German consultations
Why Is Europe So Divided On Nuclear Energy?

Why Is Europe So Divided On Nuclear Energy?

Though nuclear energy has many…

3 Tech Stocks That Could Change The World

3 Tech Stocks That Could Change The World

Technology is changing everything we…

EPA Expected So Send Biofuel Quota Draft To White House

The White House is expecting draft biofuel-blending quotas from the Environmental Protection Agency imminently, according to Bloomberg.

The EPA’s draft blending requirements is the precursor for the agency’s official proposal for exactly how much renewable fuel refiners must mix into gasoline and diesel for 2022.

The final proposal from the EPA is expected within weeks.

Bloomberg sources said that some lawmakers have been told to brace for relatively unchanged requirements—or even a reduction in the amount of renewable fuel that must be blended, much to the ire of the corn lobby.

The EPA was unable to come up with a decision last year during the pandemic by the November deadline, which would have set the Renewable Fuel Standards for 2021. 

The battle between oil refiners and the corn lobby is an old one, creating a political divide that makes its appearance in every U.S. election.

And now, there is a new monkey wrench in the works. Fearing that rising agricultural commodity prices could raise the costs for bread and donut makes, the American Bakers Association (ABA) lobbied the Biden Administration in July to stop the rising mandates for biofuel blending.  The ABA met with the EPA during the last week of July to discuss the matter.

Unlike last year, it is not the pandemic that has slowed the biofuel decision-making. Rather, it is competing interests—including farmers and refiners, as well as the ABA—which are lobbying the new administration hard.

And perhaps both sides are lobbying extra hard this year, as the slump in fuel demand continues to squeeze refiners. On the other hand, the Biden Administration cannot afford to alienate the farmers, either, who have relied on the blending requirements as another outlet for corn.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment
  • Mamdouh Salameh on August 22 2021 said:
    At a time of rising food prices and even food shortages in the world, the draft the Environmental Protection Agency (EPA) should be sending to the White House shouldn’t be about biofuel-blending quotas but about dropping the quota altogether for the sake of satisfying global demand for corn as a food substance.

    The poor nations of the world including the poor in America don’t give a toss about biofuel blending quota leading to a minuscule reduction in emissions when they don’t know where the next meal will come from.

    Moreover, the theory that we end up with zero emissions when burning organic matter because the carbon produced must have been absorbed while the organic matter was growing wouldn’t stand scrutiny.

    For American corn farmers, there is a ready market for their corn production so it makes no difference to them if their corn is used to satisfy demand both inside the United States and the world rather being used as a biofuel-blending.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

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