Oil industry representatives have said that, if the requirements rise as scheduled, the falling demand for gasoline would mean that compliance would force them to make fuels with greater than 10 percent ethanol. However, the American Petroleum Institute reports that blends over 10 percent can cause ...
Biofuels are another source of renewable, carbon-free energy. About 17% of Brazil’s ground transportation fuels are biofuels, mainly bioethanol from sugar. Competitive with oil at an oil price of around $60-70 per barrel, a level at which prices currently seem stable, the downside of biofuel...
Certainly world oil production did not stop growing in 2005. Last year’s total was estimated by the EIA to be 4.8 million barrels higher each day than it had been in 2005. Annual world production of liquid fuels (in millions of barrels per day), 2000-2012. Blue: production of crude oi...
Without government mandates dictating how much renewable energy utilities must use to generate electricity, or placing a price on the polluting carbon emitted by fossil fuels, they say, green energy cannot begin to reach its job creation potential. In the name of protecting low-income workers from...
since it is currently the cheapest low-carbon alternative to fossil fuels. However, these costs would be largely offset by the implicit subsidy to R&D in renewables, which suffers from innovation externalities. Still, carbon pricing and explicit R&D subsidies would be a more efficient way of deter...
Lyondell is one of the world’s largest plastics, chemicals and fuels companies, pays a dividend and just announced that it intends to repurchase up to 10 percent of its outstanding shares over a 12-month period. A “combination of organic cash generation and financial flexibility” could be ...