Oil
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Monday, December 3rd, 2007
Forbes:
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 […]
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 […]
How $100 Oil Could Help
Thursday, November 22nd, 2007*******
Pricey crude hurts in all sorts of fiscal ways—but it could also spur crucial investment in alternative fuels.
BusinessWeek:
Crude oil prices are again creeping toward triple digits. With the dollar hitting a new low against the euro Nov. 20 and OPEC saying it won’t boost production, the price of a barrel of West Texas Intermediate spiked […]
Thanksgiving Travel, Turkey More Expensive This Year
Wednesday, November 21st, 2007Earthtimes:
Americans will take a hit in their wallet as well as their waistlines this Thanksgiving holiday. The run up in oil prices over the past year is forcing fuel prices as well as food prices ever higher.
An analysis by John Urbanchuk, a director at the economic consulting firm LECG, LLC, released today estimates that Americans […]
The New Ethanol Mantra: American As Apple Pie?
Thursday, November 15th, 2007CNET News:
In the battle for congressional funding, sounding the national security alarm is a proven winner.
So it is that the Renewable Fuels Association–yes, there’s a trade group for everything under the sun, folks–is arguing that renewable fuel is “critical to reducing dangers associated to increasing foreign oil dependence.”
That’s the headline of a press release which […]
Ethanol: Taking A Look At The Big Picture - Part 1
Wednesday, November 14th, 2007Farms.com:
For more than 20 years, the members of the National Corn Growers Association, its state affiliates, and non-affiliated corn farmers across the Midwest have made impassioned pleas to Congress, their state lawmakers, and anyone else they could find who might become an ethanol advocate. They won. But the emotions that have run as deep as […]
Petroleo Brasileiro SA - Petrobras
Tuesday, November 13th, 2007Briefing:
State oil company Petroleo Brasileiro - Petrobras is the de facto monopoly in Brazil. But unlike other NOCs (national oil companies), Petrobras not only has access to reserves, but the ability to monetize those assets as well.
After the 1997 market regulation the company shed its Petrosaurus moniker and took advantage of the pros and cons […]
The Ethanol Paradox: Bad Plans In Good Times
Monday, November 12th, 2007Kansas City Star:
Oil hasn’t hit a hundred dollars a barrel, but it has gotten a lot closer than the first time
I heard the prediction.
Hundred-dollar oil first surfaced in the early 1980s when I was learning how to report on banks in Oklahoma. Oil never got close to that price then, for which several Oklahoma banks […]
The Inventory Code: New Ways Investors Can Cash In On Volatile Commodities
Wednesday, October 31st, 2007Knowledge@Wharton:
Oil is marching toward $100 a barrel, largely due to China’s boom. Demand for ethanol is pushing corn prices up. Soybean prices are rising because so many bean fields have been switched to corn. In short, prices of commodities worldwide are soaring, making for frenzied action in commodities futures markets, where traders buy and sell […]
A Few Things (Among Many) I Didn’t Know About Brazil
Wednesday, October 31st, 2007By Stephen J. Dubner - New York Times:
I am flying to Brazil today for a very brief visit. The Wikipedia entry on Brazil is very good, if true, and now I feel a little bit bad about some of the Wikipedia posts I’ve written in the past. Here are a few interesting facts about Brazil […]
Want Alternative Energy? Conserve And Get Ready To Pay Up
Friday, October 26th, 2007Lancaster Farming:
Conservation will be a key to solving this country’s thirst for foreign oil. But you may want to open up those pocketbooks as well.
At least that was the view expressed Oct. 17 by a leading expert on biofuels and ag economics.
Otto Doering, a professor of ag economics at Purdue University and a public policy […]
Record Oil Prices Reinforce Need For Renewable Energy Alternatives
Thursday, October 18th, 2007Grainnet:
In what seems like a broken record, crude oil hit a new high of $89 a barrel on Oct. 17.
Boosted by geopolitical concerns, supply concerns in this country and wild speculation that has come to define many commodity markets, oil prices are setting new records each day.
The unabated rise of oil prices will end […]
Ethanol Blending With Petrol Made Mandatory
Wednesday, October 10th, 2007Hindu Business Line:
The five per cent blending of ethanol with petrol has been made mandatory across the country expect in J&K, the North East and Island Territories.
The Cabinet Committee on Economic Affairs (CCEA) on Tuesday also gave its approval to make 10 per cent blending optional from October this year and mandatory from October 2008, […]
Ethanol Sales To Exceed Gasoline In Brazil By 2020, Petrobras To Shrink Oil Business To Focus On Biofuels
Tuesday, October 9th, 2007*******
Biopact:
According to Sergio Gabrielli, chief executive of state-run oil firm Petroleo Brasileiro SA (Petrobras), Brazil could become the first country to consume more biofuels than gasoline in the near future. Brazilians will use more ethanol than the petroleum fuel by 2020 when flex-fuel cars will dominate the country’s car fleet. The rapid rise in the […]
Big Oil’s Big Stall On Ethanol
Thursday, September 27th, 2007BusinessWeek:
For some industries, the prospect of $3.5 billion in federal subsidies now, and double that in three years, might be a powerful incentive. But not, apparently, for the oil industry, which is seeing crude oil prices soar to record highs. Despite collecting billions for blending small amounts of ethanol with gas, oil companies seem determined […]
Ex-CIA Director Backs Hybrid Cars
Monday, September 17th, 2007Gazette Online:
When someone asks former CIA Director Jim Woolsey (photo) where terrorists get their funding, his answer is liable to go something like this: ‘The next time you stop to fill up your car with gas, tilt your rear-view mirror a few inches to the left and you’ll see.”
Woolsey, who served as CIA director during […]
Is It Too Late To Stop The Ethanol Con Job?
Friday, September 14th, 2007Globe and Mail:
Not so long ago, you could feel complacent - smug even - about your little greenish exertions. You traded your SUV for a smaller set of wheels. You bought compact florescent bulbs and dragged the old push mower out of storage. You approved of ethanol and other biofuels and vowed to buy them […]
Ethanol A ‘Major Boondoggle’ - It’s All About Politics And Big Money
Thursday, September 13th, 2007Whec.com:
Dale and Rob Root are fifth generation farmers in Orleans County who make no attempt to stifle their optimism over the soon-to-open ethanol fuel plant in Shelby.
“It’s the best thing for farmers since the invention of the Model-T Ford,” said Dale Root, president of the Orleans County Farm Bureau. “We need this.”
Rob Root says he […]
Ethanol Demand Still Outpacing Production
Wednesday, September 5th, 2007AgWeb:
Ethanol demand moved higher in June, to a new all-time record of 443,000 barrels per day (b/d), according to the Renewable Fuels Association (RFA). For the first six months of the year, ethanol demand is averaging 420,000 b/d.
Ethanol production also edged higher in June, though continuing to trail the ethanol demand, RFA noted. U.S. […]
Lies, Oil And Television
Tuesday, September 4th, 2007By Jack Bragen:
A media campaign on television has been launched to brainwash Americans into thinking that alcohol fuels are mechanically impractical for cars and to be produced, require huge amounts of petroleum. These are myths that I can strongly argue against with a few engineering facts. I believe the big oil merchants are influencing the […]