Tag Archives: Oil prices

Opportunity Costs

The Washington Post this week reported on a carbon-credit proposal being put forward by Ecuador for consideration in UNFCCC Climate Change Talks. Ecuador is asking for carbon credits in exchange for leaving undisturbed one-fifth of its petroleum reserves, which are located beneath a protected national park that is part of the Amazon rainforest. The proposal is similar to one put forward by Brazil last August, called the Amazon Fund, which asks foreign countries to donate Read More >

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Don’t Worry, Be Happy

The EPA has released its long-awaited proposed rules for the Renewable Fuel Standard, including calculations of the lifecycle greenhouse gas emissions for various biofuels. Unlike California, the EPA is proposing to “discount” the greenhouse gas emissions of both biofuels and the baseline petroleum gasoline. The discount rate that EPA uses for most of the calculations it presents is 2 percent over 100 years, although it also proposes using a 0 percent discount rate and a Read More >

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EPA Ready to Release Rules for RFS

The White House Office of Management and Budget has completed its review of the EPA’s rules for the Renewable Fuel Standard, which will contain the lifecycle analysis for U.S. fuels. Reuters and the Des Moines Register have reported on the significance of the rule, though EPA has not made clear when the rule will be published in the Federal Register, beginning the comment period. The rule, much like California’s Low Carbon Fuel Standard (CARB), will Read More >

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CBO Calculates Ethanol’s Impact on Food Prices

According to a newly released Congressional Budget Office report, ethanol contributed between 0.5 and 0.8 percentage points (10-15 percent) of the overall 5.1 percent increase in food prices between April 2007 and April 2008. That estimate is considerably lower than previous estimates. The report also calculated the increase in costs for federal food aid programs, which was the initial reason that Reps. Ron Kind (D-Wisc.), Rosa DeLauro (D-Conn.), and James McGovern (D-Mass.) requested it. Despite Read More >

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Ethanol or Tar Sands?

Those who are pushing the inclusion of indirect land use change (ILUC) in government regulations have thus far proposed ILUC as the only indirect effect and that it only apply to biofuels. A letter from more than 100 scientists pointed out this would create unequal boundaries for transportation fuels and unfairly disadvantage biofuels. But are there indirect effects from producing gasoline? In a March 16 hearing, staff for the California Air Resources Board said they Read More >

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