Crude-oil futures rallied on Friday as a report showing that the U.S. economy created more jobs than expected in April raised the prospects for energy demand, lifting prices to their highest level in a month. Crude oil for June delivery +1.33% climbed by $1.62, or 1.7%, to settle at $95.61 a barrel on the New York Mercantile [...]
Archive | Energy
Overachieving Bioenergy Yeast for Ethanol Production
Posted on 02 May 2013 by Andy Eubank
USDA researchers have developed a new strain of yeast that could help streamline cellulosic ethanol costs and production. A molecular biologist with USDA’s Agricultural Research Service and his colleagues found that the new strain of yeast can break down and ferment the sugars in corn cobs left behind after the compound xylose has been extracted. [...]
Oil Ends Lower on Demand Worry and Ample Supply
Posted on 01 May 2013 by Andy Eubank
Oil futures closed lower Wednesday for second straight session as rising worries about the outlook for energy demand combined with news of a hefty jump in U.S. crude supplies to pull prices down by nearly 3%. Prices pared some losses to recoup the $91 level shortly after the U.S. Federal Reserve made no changes to its bond-buying [...]
Senators Urge USTR to Investigate EU Anti-Dumping Decision
Posted on 30 April 2013 by Andy Eubank
Senators from both sides of the aisle have signed a letter sent to the Acting U.S. Trade Representative and Acting Secretary of Commerce to ask that they review and consider a World Trade Organization challenge to the European Union’s controversial and unprecedented anti-dumping duty recently imposed on U.S. ethanol producers. Renewable Fuels Association President and [...]
Compliance Deadline for EPA Oil Spill Prevention Rule Nears
Posted on 30 April 2013 by Andy Eubank
The National Corn Growers Association reminds farmers that the compliance date for the Environmental Protection Agency’s Oil Spill Prevention, Control, and Countermeasure rule is May 10, 2013. By that time, farmers subject to the rule must prepare and implement an SPCC plan. Farmers who already have such a plan in place must maintain that plan. [...]
RFS is Catalyst for Innovation
Posted on 29 April 2013 by Gary Truitt
In response to the release of the second white paper from the House Energy and Commerce Committee on the Renewable Fuel Standard (RFS) entitled “Agricultural Sector Impacts,” the Executive Vice President of the American Coalition for Ethanol (ACE) Brian Jennings submitted comments today about the benefits of the RFS for U.S. and international agriculture. Jennings [...]
Oil Falls Sharply at Weeks End
Posted on 26 April 2013 by Gary Truitt
Brent Crude oil fell on Friday, following a two-day, $3 rally, as weak economic data from the United States sounded a note of caution on growth prospects in the world’s largest oil consumer. Oil and other commodities such as metals slid in a midday selloff that traders said may have been prompted by fund liquidations [...]
Oil Prices Jump Above $90
Posted on 24 April 2013 by Gary Truitt
Oil had its biggest daily gain since December, as oil supplies rose less than expected in the U.S. and speculation grew that the European Central Bank will cut interest rates. Benchmark oil for June delivery rose $2.25, or 2.5 percent, to finish at $91.43 a barrel Wednesday on the New York Mercantile Exchange. Oil rose [...]
DOE Announces $18M to Advance Drop-In Biofuels
Posted on 23 April 2013 by Andy Eubank
The U.S. Department of Energy (DOE) has announced $18 million in investments for four pilot-scale biorefineries that will test renewable biofuels that will meet military specifications for jet fuel, shipboard diesel, cars and trucks. These projects build on the Obama Administration’s broader efforts to advance biofuels technologies to continue to bring down costs, improve performance and identify [...]
NASCAR Highlights Environmental Benefits of Ethanol on Earth Day
Posted on 22 April 2013 by Andy Eubank
Sunday, NASCAR™ launched a national commercial promoting its efforts to care for the environment. The NASCAR Green™ video, released to coincide with Earth Day, highlights all that the sport has done to reduce emissions by 20 percent and become the largest recycler in all of professional sports. In particular, the video highlights the important role [...]
