Link

Trump faces dilemma as U.S. oil reels from record biofuels targets


  • By Chris Prentice | NEW YORK NEW YORK The Obama administration signed its final plan for renewable fuel use in the United States last week, leaving an oil industry reeling from the most aggressive biofuel targets yet as President-elect Donald Trump takes over.The Renewable Fuel Standard (RFS) program, signed into law by President George W. Bush, is one of the country's most controversial energy policies.
  • The farming sector has lobbied hard for the maximum biofuel volumes laid out in the law to be blended into gasoline motor fuels, while the oil industry argues that the program creates additional costs.Balancing oil and farm interests is likely to prove a challenge for Trump, who has promised to curtail regulations on the oil industry but is already being reminded by biofuels advocates of the importance of the program to the American Midwest, where he received strong support from voters on Nov. 8.
  • It is unclear what Trump's plans for the program will be and his transition team did not respond to Reuters' requests for comment.Both camps are expecting an administration receptive to their demands, though both have expressed concern and uncertainty over Trump's plans for the program, according to experts, industry and political sources.



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit original link

reuters.com/article/us-usa-trump-biofuels-idUSKBN1...

TrumpUSAbiofuelPresident of the USA

More items from lunarsafari


Huge oil, gas reserves found in Balochistan

QUETTA:  A huge reserve of oil and gas has been found in Jandran area of Marri Agency of Balochistan. Huge oil, gas reserves found in Balochistan was posted in Business of TheNews International - https://www.thenews.com.pk on December 26, 2016 and was last updated on December 26, 2016. Permanent ...

Adam Marmaras - OilVoice


Posted 3 years agoLink > Balochistanoil find

Exclusive: Cost of pump-at-will oil policy spurred Saudi OPEC U-turn

Sources say the kingdom may have stretched its current limits by extracting a record of around 10.7 million bpd this year, which could be one reason why Riyadh pushed so hard for a global deal to cut production.Riyadh, the world's top oil exporter, felt the burn of cheap oil this year when crude w ...

Adam Marmaras - OilVoice


Posted 3 years agoLink > OPECoil priceSaudi Arabia

Exclusive: Maersk, DONG oil and gas merger talks stall over price - sources

COPENHAGEN/LONDON Talks between shipping group A.P. Moller-Maersk (MAERSKb.CO) and DONG Energy (DENERG.CO) to merge their oil and gas business have stalled after the two Danish firms could not agree on a price, industry and banking sources said on Wednesday.The breakdown in talks aimed at creating ...

Adam Marmaras - OilVoice


Posted 3 years agoLink > Maersk OilDONG Oilmerger

LGO raises £1.18 million placing and total voting rights

LGO today announces that the Company has raised £1.18 million, before expenses, by way of a placing of 984,600,000 new ordinary shares of 0.05p each ("the Placing Shares") at a placing price of 0.12p per share ("Placing Price") through an oversubscribed stockbroker and company sponsored placement. ...

Adam Marmaras - OilVoice


Posted 3 years agoPress > LGO EnergyMayaro SandstoneNeil Ritson

Oil hits highest since mid-2015 as OPEC and rivals agree historic deal

LONDON Oil rose by as much as 6.5 percent on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices.Brent crude futures were up $2.38 at $56.72 per barrel by 1002 GMT, having hit ...

Adam Marmaras - OilVoice


Posted 3 years agoLink > OPECoil price
All posts from lunarsafari