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DOI: latest Gulf of Mexico oil & gas lease sales garner $872M in high bids

Green Car Congress

Secretary of the Interior Sally Jewell announced that the latest oil and gas lease sales for federal waters in the Gulf of Mexico garnered $872,143,771 million in high bids on 329 tracts covering 1,707,358 acres. million acres on the US Outer Continental Shelf (OCS) offshore Louisiana, Mississippi and Alabama. billion in bid revenues.

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Obama Administration to offer 40 million acres in the Gulf of Mexico for oil and gas development

Green Car Congress

Beaudreau announced that Interior will offer more than 40 million acres for oil and gas exploration and development in the Gulf of Mexico in March lease sales. The lease sales build on the first three sales in the Five Year Program that offered more than 79 million acres for development and garnered $1.4 billion in high bids.

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USDA providing $9.6M to create 9,000 acres of BCAP project areas for non-food energy crop production

Green Car Congress

BCAP, created in the 2008 Farm Bill, helps farmers and forest land owners with start-up costs of planting new energy crops that can take several years to reach maturity until harvest, a timeline designed to parallel the construction schedule of commercial-scale energy facilities that will use these crops.

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15 Air Carriers Sign Non-Binding MOUs on Synthetic Jet Fuel Purchases with Two Providers: AltAir and RenTech

Green Car Congress

The MOU with AltAir contemplates the production and purchase of up to 750 million gallons of jet fuel and diesel fuel over 10 years (75 million gallons per year) derived from camelina oil. AltAir Fuels LLC was formed in 2008 to develop projects for the production of jet fuel from renewable and sustainable oils. Earlier post.).

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Rice University Study and Policy Paper Find US Biofuels Policies Flawed, Recommend Fundamental Overhaul

Green Car Congress

The bill mandated ambitious production targets of 9 billion gallons of biofuels a year in 2008, rising to 36 billion gallons a year by 2022. Based on the latest available US Government Accountability Office data (2008) the US government spent $4 billion in subsidies to replace about 2% of the US gasoline supply. Lifting the $0.54

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Will green cars put industry on road to profit?

Green Cars News

In May 2008, Toyota saw its Prius hybrid car turn it towards profitability in America and it scrapped plans to build a sport utility truck plant in Tupelo, Mississippi and chose to build a Prius plant there instead. Yet when gas prices tumbled later that year, plans for the Prius plant were shelved.