Posted August 7, 2014
Answers: The monthly mortgage payment, the carpool getting you to your first day at work, the flight to your Tahiti vacation, that Mother’s Day card. And … finalizing annual ethanol requirements under the Renewable Fuel Standard (RFS).
Question: What are some things that shouldn’t be late?
OK, so most people understand the importance of timeliness in the first four items above. Yet, for the nation’s refining sector, EPA's annual responsibility to establish how much ethanol must be blended into the nation’s fuel supply under the RFS also is a big deal.
The RFS tasks EPA with setting ethanol requirements for the next calendar year by Nov. 30 of the preceding year. That way, refiners can make plans to comply with the RFS. Setting the requirements, on time, is EPA’s job. So, how’s the agency been doing lately? Not too well, as the following graphic illustrates.
Posted July 17, 2014
We like to bring attention to good-news energy stories from states like North Dakota (also here and here) because the oil and natural gas development there is creating good-paying jobs for Americans, generating opportunity and lifting economies. The great news is that the benefits from the U.S. energy revolution are being felt in a number of places.
A new study shows the tremendous positive impacts of energy development in Louisiana, the nation’s No. 2 crude oil producer at nearly 1.45 million barrels per day when federal offshore production is included, and No. 2 in petroleum refining capacity.
The quick story: Louisiana has embraced oil and natural gas development, and oil and natural gas development has embraced Louisiana – with jobs, economic stimulus and revenues for state and local governments. This is clear from the study of the state impact of the oil and natural gas extraction, refining and pipeline industries by economist Loren C. Scott.