Today in Biofuels Opinion: “We are basically going to see a shortage of capacity within two or three years. We’re being lulled by present excess capacity.”

Ardent Energy Group: “Yemane Daniel Gezahegne, CEO of Ardent told the Ethiopian Reporter that biofuel can help Ethiopia reduce its dependence on oil imports that are costing the country more than $1 billion dollars a year…He said that after three years of research on various possible projects to reduce the oil dependency, AEG decided to [...]

November 06, 2009 | Jim Lane | Comments 0

Study finds that Climate Bill will paradoxically double US refined oil imports

In Texas, a report by EnSys Energy and commissioned by the American Petroleum Institute concluded that US oil refineries will cut outputs by 17 percent if the Waxman-Markey climate bill is passed. The report concluded that refinery utilization – a key measure of profitability – would drop 20 points to 63 percent, and cause US [...]

August 26, 2009 | Jim Lane | Comments 0

Oil companies, execs taking over biofuels business?

In New York, the closing of the Sunoco purchase of the former Northeastern Biofuels plant in Volney for $8.5 million, continues a trend whereby oil companies are moving into the ethanol production busines…on the cheap. Earlier this year, Valero acquired seven ethanol plants in the Midwest from the bankruptcy of VeraSun Energy, for $477 million.
“We [...]

June 19, 2009 | Jim Lane | Comments 0

Oil & gas industry accounts for 40 percent of all greenhouse gas mitigation investment since 2000, API study finds

In Texas, a study by the University of Texas at Austin’s Center for Energy Economics and T2 & Associates for the American Petroleum Institute found that the US government and all US industries invested $132.9 billion in technologies to reduce greenhouse gas emissions between 2000 and 2008.
The oil & gas industry accounted for $58.4 billion, [...]

June 16, 2009 | Jim Lane | Comments 0

EIA projects global oil demand will shrink 1.8 million barrels of oil in 2009; oil prices projected at $52 for’09, rising to $58 in ‘10

The Energy Information Administration is projecting that global oil demand will shrink 1.8 million barrels per day in 2009. The forecasted decline has been increased from 1.4 million barrels, as projected in April. The EIA is projecting crude oil prices at $52 per barrel in 2009, rising to $58 per barrel in 2010, down $5 [...]

May 15, 2009 | Jim Lane | Comments 0

Oil prices seen at $50-$80 range through 2011, then climbing towards $100-$110 per barrel

In Venezuela, a recent energy forum in Caracas discussed various oil price equilibrium scenarios.
According to the presenters, Saudi Arabia has targeted $60-$70 per barrel, while Venezuela and Iran are targeting $70-$80. Presenters noted that investment bankers are calculating that the price will average $50-$60 through early 2011 and then begin to rise towards $100-$110.

May 11, 2009 | Jim Lane | Comments 0

“Downstream” released” documentary on impact of Alberta’s oil sand industry on local population

The environmental documentary Downstream has been released, chronicling the impact of oil production for Alberta’s tar sands on the local population. The independent web TV service Babelgum is distributing the film globally, and screenings have been set up in Ottawa and the Burbank International Film Festival.

March 27, 2009 | Jim Lane | Comments 0

All Entries Tagged With: "oil"