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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.

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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. BOEM estimates the proposed sale could result in the production of approximately 1 billion barrels of oil and 4 trillion cubic feet of natural gas.

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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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UNEP Report Calls for More Sophisticated Approach to Developing Biofuels; Limitations of Current LCA Studies

Green Car Congress

An important analytical issue that needs to be addressed, the report notes, is the lack of lifecycle assessment studies focusing on a wider set of environmental impact indicators than greenhouse gas emissions. Life-cycle assessments (LCA) of biofuels show a wide range of net greenhouse gas savings compared to fossil fuels.

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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. Legislation giving biofuels preferences on the basis of greenhouse gas benefits should be avoided. Corn ethanol is capped at 15 billion gallons a year in the law.

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Will green cars put industry on road to profit?

Green Cars News

However, what about our US neighbours where ‘gas’ prices are distinctly lower and so-called muscle cars are seen as almost iconic and part of the culture? However, while this argument seemed to carry strong weight when US gas prices reached $4 a gallon, they now seem less relevant. Leave a comment with your thoughts.