Oil
« Previous EntriesUS Home Ethanol Maker Gets Boost From Record Oil
Friday, June 27th, 2008
Reuters:
A U.S. firm that believes it has the answer to high fuel prices with machines that make ethanol at home says it has been swamped with orders even before the first unit ships in September.
Since California-based firm E-Fuel Corp officially unveiled the 100 MicroFueler last month, there had been overwhelming interest in the product […]
Political Choices On Oil Put Americans Over A Barrel
Monday, June 9th, 2008Boston Herald:
Rising in the Senate on May 13, Chuck Schumer, the New York Democrat, explained: “I rise to discuss rising energy prices.” The president was heading to Saudi Arabia to seek an increase in its oil production, and Schumer’s gorge was rising.
Saudi Arabia, he said, “holds the key to reducing gasoline prices at home in […]
Ethanol May Trade Globally Like Oil If Duties End, Brazil Says
Thursday, June 5th, 2008Bloomberg:
Elimination of subsidies and duties may help ethanol become a globally traded energy source like crude oil, Antonio de Aguiar Patriota, Brazil’s ambassador to the U.S., said today in Chicago.
The U.S. imposes a 54-cent-a-gallon tariff on imports of biofuels, including ethanol from Brazil, the largest producer of the alternative fuel from sugar cane. Ethanol […]
Plenty Of Oil
Tuesday, June 3rd, 2008Boca Raton News:
Historically high gasoline prices are on the mind of virtually everyone in Boca Raton; indeed, virtually everyone in the nation
Dr. Chuck Laser serves on the board of governors for Northwood University; he’s also a well-known Boca Raton area oil wildcatter – and he will tell anyone who asks why gas prices are so […]
In Defense Of Ethanol
Wednesday, May 14th, 2008Newsweek:
In the 12 years that I have speaking to him, Robert Zubrin has never disappointed. Whether he was devising a bargain-basement way to mount a manned mission to Mars (rather than taking along the fuel you need for the return trip, produce it from compounds in the Martian atmosphere once you get there, founding Pioneer […]
Ethanol: Weapon Against Oil Companies?
Friday, May 9th, 2008Automotive Blogs:
Are you getting resentful at the oil companies because of their enormous profits? Do you want them to be knocked down a peg? Well, ethanol may be the key.
It seems that ethanol output in the U.S. will be 33 percent higher over last year and could help to lower oil profits.
Ethanol usage is expected […]
Africa’s Biggest Oil Producer Goes Green
Monday, May 5th, 2008AFP:
In his office in Lagos, Alain Salleras, a Frenchman of about 50 for whom biofuels are something of a crusade, is working away at his pet project — producing ethanol from sweet sorghum in Nigeria.
Salleras, executive director of Global Biofuels Ltd, which has partnered with India’s Praj Industries and the Nigerian National Petroleum Corporation (NNPC) […]
How Ethanol Keeps Oil Prices Low
Tuesday, April 29th, 2008Automotive.com:
In recent months, ethanol has been taking a public relations hit.
Pundits are saying that the grand experiment meant to reduce our dependence on foreign oil is actually contributing to the damage of the environment.
They point to a number of things from the deforestation of rainforests in order to come up with the resources to make […]
The Fed’s Golden Opportunity
Thursday, April 24th, 2008CNNMoney:
The soaring price of crude oil isn’t good for most people, but it could spell opportunity for Ben Bernanke.
The Fed chief’s inflation-fighting credentials have been in doubt since he said in a 2002 speech that central banks could prevent deflation by dropping money out of a helicopter.
Since then, Bernanke’s critics have only been emboldened […]
Ethanol Saves Driver’s Money
Wednesday, April 23rd, 2008Brownfield:
A study commissioned by the Missouri Corn Merchandising Council indicates ethanol saves money for the drivers who use it.
“We estimated using actual price data for 2007, those savings were 7.7 cents a gallon,” John Urbanchuk, the study’s author, told Brownfield at the Missouri State Capitol building where results were released Monday, “and the estimate for […]
Pump Pain: Companies Try To Cope
Thursday, April 10th, 2008Business Gazette:
Florist Susan Rice remembers paying no more than $600 a month last year to fill up her delivery van at the two gas stations she has used for years.
Rice doled out about $1,000 at those stations last month, as gasoline prices reached soared to new heights. Like the owners of many gasoline-dependent businesses, Rice […]
Wising Up To Demon Ethanol
Thursday, April 3rd, 2008The Star-Ledger:
Not to pick on Joe Pennacchio. The guy’s got enough problems. But the other night at the Mercer County Republican convention I listened as he gave one of those spiels that illustrates why American politicians can’t be trusted on the issue of energy.
First, the candidate for the GOP nomination to the U.S. Senate said […]
Group Says Ethanol Holding Down Price Of Gas
Friday, March 28th, 2008Wisbusiness.com:
Lauding a Consumer Federation of America (CFA) report that contends ethanol is helping hold down the price of gasoline, the Wisconsin Bio Industry Association (WBIA) says increasing production of ethanol in the Badger State “has extended gasoline supplies and mitigated what might otherwise be remarkably significantly higher fuel prices.”
Joshua Morby, executive director of the WBIA, […]
Problems With Energy
Thursday, March 20th, 2008Intellectual Conservative:
The March 2008 edition of Energy Tribune focuses closely on the issues of energy efficiency, alternative fuels and carbons sequestration which are the three central pillars of post-Al Gore environmentalism. Here are a few highlights.
Late last year I was fortunate enough to attend a continuing education seminar which featured a speech by Michael Economides, […]
Speculation Adds To Oil Price Surge
Wednesday, March 5th, 2008San Jose Mercury News:
Market speculation on energy prices may have added as much as 10 percent to crude oil costs and the peak may be yet to come, a top Energy Department official said Tuesday.
Guy Caruso, head of the department’s Energy Information Administration, told a Senate hearing that supply and demand would suggest a […]
House Approves New Taxes On Big Oil
Thursday, February 28th, 2008CBS News:
The House approved $18 billion in new taxes on the largest oil companies Wednesday as Democrats cited record oil prices and rising gasoline costs in a time of economic troubles.
The money collected over 10 years would provide tax breaks for wind, solar and other alternative energy sources and for energy conservation. The legislation, approved […]
Ethanol Shares High as Oil Tops $100/Barrel
Thursday, January 24th, 2008Biodiesel and Ethanol Investing:
Reuters.com reports that shares of ethanol companies are up in the wake of oil reaching over $100/barrel. US crude supplies are down for the seventh week with global demand for the fuel continuing to rise. Even though ethanol has been burdened with many problems over the last few months, the high price […]
Giuliani: The Lobbyist In Chief?
Tuesday, December 11th, 2007The Carpetbagger Report:
Yesterday, on Meet the Press, Tim Russert asked Rudy Giuliani one unexpected question towards the very end of the interview, inquiring about the former mayor’s opinion on a House energy bill that would increase fuel efficiency in cars.
“That isn’t the way I think it should be done,” Giuliani said. “I think what we […]
GM Believes Ethanol As Renewable Fuel Is Best Near-Term Alternative To Oil
Monday, December 3rd, 2007Forbes:
General Motors Corp. on Friday clarified a newspaper report on a cost-benefit analysis of E85 ethanol, a renewable fuel made from 85% ethanol and 15% gasoline, saying the report failed to take into account several positive factors.
The Detroit-based automaker said it issued the statement in response to a report Friday in USA Today that said […]
Ethanol-Free Petrol Burning Rs 1k Cr For Oil Cos
Thursday, November 29th, 2007Economic Times:
The country’s cash-strapped oil marketing companies (OMC) could save a cool Rs 16 on every litre of petrol they replace with ethanol. This adds up to Rs 1,000 crore if just 5% petrol is replaced with ethanol. What’s more, the number could become bigger once local petrol prices are aligned with spiralling global crude […]