Fact Check: Dinneen Misleads in USA TODAY
- 08/20/13
- AEA
- Products and Power
Renewable Fuels Association President Bob Dinneen penned an op-ed in USA TODAY last week in which he offered several misleading claims about ethanol and the Renewable Fuel Standard (RFS). Dinneen’s piece preceded a USA TODAY editorial calling on Congress to repeal the RFS. Some of Dinneen’s most misleading statements are addressed below.
CLAIM: “Since it was enacted in 2005, U.S. dependence on imported oil has decreased from 60% to 40% largely because of biofuels.”
FACT:...
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In the Pipeline: 8/19/13
- 08/19/13
- AEA
- Blog
Woods (Dynegy), Spitzer (Steptoe), Naeve (Skadden), Santa (INGAA), Kelliher (NextEra), Kelly (Akin Gump), Bailey (Cheniere), Moler (Exelon pensioner), Brownell (Comverge or Spectra, whichever you prefer). Say what you want, these people have vested interests that are very much involved with who might be the next Chairman of FERC. So let's not kid anyone about why they signed that letter.
PoliticoPro (8/16/13) reports: "When a dozen former FERC commissioners lined up last week to defend...
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Working Group Broke the Rules With Its 'Social Cost of Carbon' Estimate
- 08/19/13
- AEA
- Emissions Standards
In my recent testimony to the Senate Environmental and Public Works committee, I explained that (among its other problems) the Obama Administration’s Working Group on climate change had explicitly ignored the Office of Management and Budget (OMB) guidelines stating that cost/benefit analyses had to be conducted using both a 3 percent and a 7 percent discount rate. Rather than following these instructions, the Working Group chose to report its estimate of the “social cost of carbon” at...
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In the Pipeline: 8/16/13
- 08/16/13
- AEA
- Blog
You got to know when to hold 'em, know when to fold 'em...
The Boston Globe (8/9/13) reports: “A group of environmentalists has dropped its campaign to place a so-called carbon tax on the next statewide ballot, citing the complexity of the issue, weak fund-raising, and potential constitutional challenges to the question. The group, the Committee for a Green Economy , had hoped to place a question on the 2014 ballot asking voters to approve a new tax on gasoline, heating oil, and other...Continue Reading...
In the Pipeline: 8/15/13
- 08/15/13
- AEA
- Blog
Question: Would Warren & Co. go all in on wind if they weren't able to feed themselves greedily from the public coffers?
The Daily Caller (8/13/13) reports: “A subsidiary of the Warren Buffett-owned MidAmerican Energy Holdings is looking to capitalize on federal tax subsidies by installing 448 wind turbines across five Iowa counties in order to generate up to 1,050 megawatts of power by 2015. Construction on the wind farms is scheduled to begin next month, meaning MidAmerican will...Continue Reading...
In the Pipeline: 8/14/13
- 08/15/13
- AEA
- Blog
Watch as the RFS advocates come crawling to Washington and beg them to prop up their industry by forcing you to buy their product.
Fox News (8/13/13) reports “Only in Washington can an expensive, unnecessary regulation be considered common sense. The Obama administration is digging in its heels when it comes to repealing harmful energy regulations that increase consumer costs with little benefit to the environment. The Renewable Fuel Standard (RFS) is a classic example of hugely...Continue Reading...
In the Pipeline: 8/13/13
- 08/15/13
- AEA
- Blog
Broken promises. SEC investigations. Empty lots. No product. In other words, pretty standard stuff for anything with the word "Green" in it.
The Washington Post (8/10/13) reports: “Just off the legendary Highway 61, where crop-dusters perform acrobatics above billboards for Mississippi Delta casinos, is the place where Virginia gubernatorial candidate Terry McAuliffe pledged to build a $60 million factory for his electric-car company. On a recent summer day, a bird was skittering over...Continue Reading...
Sorry Ethanol Lobby, RFS Does Not Promote “Free Markets”
- 08/14/13
- AEA
- News
Growth Energy, an ethanol industry group, issued a misleading statement yesterday in response to news that refiners requested a partial waiver of the 2014 Renewable Fuel Standard (RFS). The headline reads, “Big Oil Files Waiver to Cap Ethanol, Block Free Market Competition.”
There is nothing “free market” about requiring someone to purchase a product, but that is exactly what Growth Energy claims. The RFS requires refiners to blend increasing amounts of ethanol into gasoline, with...
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As Economy Lags, Shale Boom Spurs Rapid Job Growth
- 08/14/13
- AEA
- News
While most of the U.S. economy endures a slow recovery process, the energy sector continues to flourish. Job opportunities in oil and natural gas increased by 40 percent from 2007 to 2012, according to new data from the Bureau of Labor Statistics.[i] Compare this to just 1 percent growth for total private-sector employment over the same period. The key to this job growth has been the boom of domestic energy production on state and private lands.
In 2012, the U.S. recorded the largest oil...
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Fed Up With Ethanol, Boaters and Bikers Search for Alternatives
- 08/13/13
- AEA
- Products and Power
One of the many problems with the Renewable Fuel Standard (RFS) is that it requires refiners to blend increasing amounts of ethanol into motor fuel, even though ethanol can damage engines. Gasoline blended with even as little as 10 percent ethanol can accelerate engine failure in boats, motorcycles, lawnmowers, and other small engines.
Musa Agil has firsthand knowledge of this problem. Agil, who operates two independent gas stations in Wilmington, North Carolina, started selling...
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