Mexico



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Trump Adm. expected to announce compromise on biofuels

 

By David Shepardson

WASHINGTON
Petroleumworld 06 05 2018

The Trump administration is expected on Monday to announce changes in biofuels policies, including a plan to count ethanol exports toward federal biofuels usage quotas and allowing year-round sale of fuels with a higher blend of ethanol, two sources briefed on the matter said.

Reuters reported on May 11 that after hosting several meetings between representatives of the corn and refining industries, the administration was in the “last stages” of formally proposing changes to biofuels regulations intended to appease both sides.

The changes, expected to be outlined in a memorandum on Monday, will be subject to the federal rule-making process, added the sources, who were not authorized to speak publicly. A White House spokeswoman declined to comment.

The changes are aimed at easing tensions between the oil and corn industries, which have been clashing for months over the future of the U.S. Renewable Fuel Standard - a law that requires refiners to add increasing amounts of biofuels into the nation's gasoline and diesel.

While the RFS has helped farmers by creating a 15 billion-gallon-a-year market for corn-based ethanol, oil refiners have increasingly complained that complying with the law incurs steep costs and threatens the very blue-collar jobs President Donald Trump has promised to protect.

The administration is expected to announce that it plans to allow exports of biofuels like ethanol to count toward the annual biofuels volume mandates under the RFS - which could ease the burden on domestic refiners by reducing the amounts they would have to blend domestically.

The Trump administration is expected to propose lifting restrictions on selling a certain kind of higher-ethanol blend gasoline in the summer, called E15. Trump has already stated his support for such a move, which has been long sought by the corn lobby because it would theoretically expand the market for biofuels.

Sales of E15 are currently banned in the summer over worries it could increase smog.

Bloomberg News reported earlier on the timing of the announcement expected for Monday.

Senator Charles Grassley, an Iowa Republican and biofuels advocate, said in a statement on Sunday that allowing exports of biofuels to count toward mandates “exposes the U.S. to trade cases and retaliation from countries like Canada and others.”

He added that allowing the sale of E15 “isn't anywhere near enough to offset the impact” of the ethanol export credits. “I'm not convinced this is a win-win.”

Twitter: @petroleumworld1

Petroleumworld.com

Hit your target - Advertise with Us


Story by David Shepardson ; Additional reporting by Jarrett Renshaw; Editing by Peter Cooney from Reuters


reuters.com 06 04 2018

We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Twitter: @petroleumworld1

November 13 - 15, 2018.

Gubkin University, Moscow
SPE Student Chapter

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.