The price of gasoline has gone up 16 cents this month, the AAA says. The drought is hurting corn yields, raising the price of ethanol, which makes up 10 percent of each gallon of fuel. Continue reading
Tag Archives: gasoline prices
Jim Motovalli: Mud-Slinging Enters Debate Over Ethanol’s Impact on Gasoline Prices
Viewed from outside the ivory tower, a dispute among economists over ethanol’s impact on gasoline prices might be expected to proceed in a genteel manner. Instead, the debate has bubbled over. Continue reading
Do We Want To Buy Canadian Oil From The Chinese?
Buoyed by White House inaction, China’s state-owned oil company has made a multibillion-dollar bid for a Canadian company with interests in Canada’s oil sands — North American oil for the lamps of China. Continue reading
Posted in Development, Keystone XL, Oil and gas, Tar sands
Tagged deepwater drilling, gasoline prices, KXL, natural gas, offshore drilling, oilsands, shale oil
James Hamilton: Why the Oil Futures Market did not Contribute to High Oil Prices
A recent study by Luciana Juvenal and Ivan Petrella suggests that the financialization of oil futures markets contributed significantly to the surge in oil prices after 2003. Lutz Kilian, Professor of Economics at the University of Michigan, questions their analysis and highlights that their paper actually does not shed any light on the role of Wall Street speculation. Continue reading
Biofuels: Forging Ahead Without a Full Understanding of the End Result
According to Ridley et al. (2012), “despite rapid growth in biofuel production worldwide, it is uncertain whether decision-makers possess sufficient information to fully evaluate the impacts of the industry and avoid unintended consequences,” because, as they put it, “doing so requires rigorous peer-reviewed data and analyses across the entire range of direct and indirect effects.” And the U.S. research team surmised that such an effort, or set of efforts, had not been made to this point in time. Continue reading
Posted in Agriculture, Biofuels
Tagged burning food, ethanol mandates, gasoline prices, really stupid idea
Larry Bell: Carbon Taxomania: Bipartisan Stupidity On Steroids
If it wasn’t bad enough to impose an Obamacare tax on the right to breathe, some, including certain very misguided conservatives, now propose a new tactic to tax the air. Continue reading
Posted in Cap & Tax
Tagged carbon scam, carbon tax, gasoline prices, government cash grab, really stupid idea
RAHN: Irrational infatuation with biofuels
Lawmakers drive up cost of food and energy Continue reading
Posted in Agriculture, Biofuels
Tagged burning food, ethanol mandates, gasoline prices, really stupid idea
Energy Market Is Working: Cheap Oil May Slow Shale Oil
Leading oil services firm Baker Hughes Inc (BHI.N) warned on Friday that booming drilling in the shale oil fields of North Dakota and even south Texas could slow if U.S. prices drop below $80 a barrel. Continue reading
Tom Nelson: Bruce Babbock claims that we’re “pretty well hooked” on ethanol, which is more expensive and contains less energy than real gas
Gas prices may go up too because of drought – Bottom Line Continue reading
Low Carbon Fuel Standards Will Raise Fuel Prices
Recognizing that American motorists will reject any policies that raise fuel prices, the people pushing new regulations on the energy sector are trying to have their cake and eat it too. Continue reading
Marlo Lewis: Ethanol Added $14.5 Billion to Consumer Motor Fuel Costs in 2011, Study Finds
Today, FarmEcon LLC released RFS, Fuel and Food Prices, and the Need for Statutory Flexibility, a study of ethanol’s impact on food prices and the rural economy. Continue reading
Posted in Agriculture, Biofuels
Tagged ethanol mandates, gasoline prices, really stupid idea
Marlo Lewis: MIT Study Debunks RFA/Vilsack Claims on Ethanol, Gas Prices
Back in May, I discussed a study conducted for the Renewable Fuel Association (RFA) by Iowa State University’s Center for Rural and Agricultural Development (CARD). Continue reading
Posted in Agriculture, Biofuels
Tagged burning food, ethanol mandates, gasoline prices, really stupid idea
EIA: Retail Gasoline Prices to Slip in 2013
U.S. retail gasoline prices should drop below the July average by 2013 amid depressed consumer demand and continuing declines in crude oil prices. Continue reading
Andrew Sharpless: Domestic drilling won’t lower price of gas
Seems a remarkably simplistic and ill-thought article – no consideration of transport, supply bottlenecks, refining capacity, regulation and boutique fuel requirements or even grade of crude (tar sands are somewhat more expensive to refine than light sweet crude). Looks a very poor piece. Continue reading
Posted in Development, Oil and gas, Tar sands
Tagged deepwater drilling, gasoline prices, offshore drilling, oilsands, shale oil
Why Low Oil Prices Indicate the World is Heading for a Recession
Are lower oil prices good news? Not really, if it means the world is sinking into recession. Continue reading
Weaning off Middle East Oil Means Less Than you Think
One expects the crazy talk to come out during an election season, but reports that the US is close to being weaned off Middle Eastern oil and set to become “independent” purposefully fail to consider the fact that as long as America is dependent on oil it will be dependent on Middle Eastern supplies because crude prices are determined globally. Continue reading
Posted in Development, Fracking, Oil and gas, Tar sands
Tagged deepwater drilling, gasoline prices, natural gas, offshore drilling, oilsands, shale oil
Peter Glover: The End Of OPEC Despotism
The tectonic plates of Middle East politics are shifting fast. Continue reading
Posted in Development, Fracking, Oil and gas
Tagged deepwater drilling, gasoline prices, natural gas, offshore drilling, shale oil
Not good for gasoline prices: Motiva refinery damaged
Wonder how long before politicians blame rising gasoline prices on “gouging”? Doubtless they will not acknowledge supply constraints like that caused by this catastrophic, although apparently fortunately injury-free incident at Shell/Aramco’s newly expanded Texas refinery. Continue reading
High oil prices are caused by consumers, not speculators
High oil prices are often blamed on speculators, but it is perfectly possible to explain recent oil price history in terms of supply and demand forces, argues energy consultant Steven Kopits. Continue reading
Posted in Development, Oil and gas
Tagged deepwater drilling, gasoline prices, offshore drilling, shale oil
Could Sorghum be the Perfect Biofuel?
A group of researchers led by Purdue University scientists believes sweet and biomass sorghum would meet the need for next-generation biofuels to be environmentally sustainable, easily adopted by producers and take advantage of existing agricultural infrastructure. Continue reading
Posted in Agriculture, Biofuels
Tagged energy subsidies, gasoline prices, government subsidies, really stupid idea
