FOSSIL FUELS

American Petroleum Institute Sues EPA Over 2013 RFS Mandate

The API has challenged EPA’s 2013 RFS mandate, claiming that the volumetric targets are unrealistic. On October 8, 2013, the American Petroleum Institute (API) filed a lawsuit in the District of Columbia Circuit Court of Appeals challenging the Environmental Protection Agency’s (EPA) 2013 Renewable Fuel Standard (RFS) volumetric requirements, claiming the 6 million gallon (MG)…...

Lead Site Selected for Alaska LNG Project

The Alaska LNG project team has selected Nikiski as the lead site for the proposed liquefaction plant and terminal. On October 7, 2013, ExxonMobil, BP, ConocoPhillips, and TransCanada, announced the selection of Nikiski on the Kenai Peninsula as a lead liquefaction plant and terminal site for the Alaska liquefied natural gas (LNG) export project. Prior…...

Oil Market Response to U.S. Budget Impasse

Near-term oil futures reflect uncertainty caused by the government shutdown that began on October 1 and the upcoming debt ceiling deadline on October 17. Overview The long-term oil futures market has remained flat, demonstrating expectations of longer-term supply increases as forecast by the Energy Information Administration. A United States default in October would weaken the…...

United Nations Climate Change Report: Implications for U.S. Energy Policy

On September 30, the United Nations Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change, the latest installment in a series of reports examining global warming. The report for Policymakers was released September 27.  Overview The IPCC report concluded with 95 percent confidence that human activity is contributing to climate…...

House Energy Hearing Continues Debate over EPA Rules for Stationary Sources

On September 18, the House Energy and Commerce Committee heard testimony from EPA and DOE officials on the Obama Administration’s climate change policies and continued the debate over the requirement to require Carbon Capture and Sequestration technologies in future sources. On September 20, the EPA released its draft rule to set national emissions limits on…...

Evolution of the Renewable Fuels Standard

The biofuels industry has benefited from the Renewable Fuels Standard (RFS) since 2005. The standard has since expanded and been a source of debate largely centered on the reliance of U.S. fuel consumption estimates, the feasibility of production levels for various feedstocks, and reaching minimum greenhouse gas reduction levels when weighting direct and indirect greenhouse…...

States Spell Out EPA’s Overreaching Coal-Fueled Power Plant Regulations

A Subcommittee report spells out states’ perspective on EPA’s planned regulations for coal-fueled power plants, underscoring that EPA is poised to exceed its authority.   On September 13, 2013, the House Energy and Commerce Subcommittee on Energy, and Power Subcommittee Chairman Ed Whitfield (R-KY) released a whitepaper explaining that the Environmental Protection Agency (EPA) is…...