In recent weeks, ethanol industry proponents have petitioned the Environmental Protection Agency (EPA) to cease issuing Small Refinery Exemptions (SREs) that waive qualified small refineries from the costly biofuel blending obligations mandated in the Renewable Fuel Standard (RFS).
A few weeks ago I posted an article detailing EPA’s continued tardiness in issuing the 2014 RFS volumes.
The Department of Commerce commodity classification decision allowing the export of condensates in one specific instance earlier this year fanned the
The most recent Energy Information Administration’s (EIA) Short Term Energy Outlook shows that, in 2014 and 2015, U.S. refineries are absorbing the increasing U.S. crude oil production not only by continuing to replace crude oil imports with U.S. supply but also by increasing capacity and utilization.
In the course of just seven years, the United States has evolved from a future defined by energy challenges to one of enormous energy opportunities. U.S. crude production has increased by 55 percent to eight million barrels per day just over the past five years.