0

The nation’s largest oil refiner has taken on a behind-the-scenes lobbying campaign to rid refiners of costly federal biofuel blend rules, according to a Reuters investigative piece published today. Valero Energy Corp. is making the case for transferring the “point of obligation” responsibility for biofuels blending that puts about 10 percent ethanol into gasoline sold […]

+ Read More
0

Even Big Oil is making big increases on its forecasts on just how many electric vehicles will be on the world’s roads by the year 2040. Exxon Mobil, BP, the International Energy Agency, even OPEC are all boosting their predictions for the number of EVs operating at by that point, according to Bloomberg New Energy […]

+ Read More
0

Even though electric vehicles still only account for a sliver of the global market, Big Oil is beginning to take them seriously as a long-term threat to the industry. While preserving a finite resource is still probably the way to go, oil companies are accustomed to making money and have now begun revising their forecasts […]

+ Read More
0

Fossil fuels will still dominate global energy demand in 2035, but its share of the market is dropping through growth in energy efficiency, electrified vehicles, and renewable energy. This is according to oil company BP’s annual Energy Outlook which forecasts that oil, gas, and coal will make up 75 percent of the world’s energy in […]

+ Read More
0

The days of Big Oil’s market domination in transportation fuel may be nearing its end. According to a Lux Research report, the trillion-dollar oil industry – which gets 80 percent of its revenues from transportation fuels – needs to diversify to counter serious threats from alternative fuels and battery technologies. Another market force came from […]

+ Read More
0

ExxonMobil is lobbying for a carbon tax credit in Washington, which would support its natural gas division and could deflect investigations into its climate change scandal. Calling for the federal government to enact a revenue-neutral tax on carbon would encourage carbon producers like oil companies and power plants to shift to energy sources that emit […]

+ Read More
0

The U.S. Environmental Protection Agency is proposing a modest increase in the amount of corn-based ethanol and biofuels blends that will be mixed into gasoline and diesel sold at fuel pumps in 2017. The EPA wants to see 18.8 billion gallons blended into the nation’s fuel supply in 2017, up 4 percent from the 18.11 […]

+ Read More