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Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

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In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). million barrels of sweet and 200,000 barrels of sour crude oil.

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MIT/UC Davis professors challenge claims that ethanol production decreased gasoline prices in 2010 and 2011

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Knittel/Smith results for implied gasoline price effects from elimination of ethanol for 2010 using Du/Hayes model and pooled-sample estimates. in 2010 and 2011, respectively. in 2010 and 2011, respectively. t margin for oil refiners. Results from Du/Hayes are indicated by the large square. Click to enlarge.

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Topsoe enters agreement with Steeper Energy to introduce complete waste-to-biofuel solution

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Simplified Hydrofaction Process Hydrothermal liquefaction (HTL) applies supercritical water as a reaction medium for the conversion of biomass directly into a high-energy density renewable biocrude oil. The process conditions are carefully chosen to promote reaction pathways that favor high yields of high-quality renewable oil.

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API: US petroleum demand down 1.2% in 2011, domestic production up 2.5%

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million barrels a day in 2011 compared with 2010, according to the American Petroleum Institute (API). December 2011 petroleum deliveries were down 5.9% Gasoline deliveries showed declines for 2011 as a whole and for the month of December. in 2011 compared with 2010. in 2011 from the year before.

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US petroleum demand falls 2.3% in February, but gasoline demand rises

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this February compared with February 2011, pulled down by a decline in residual fuel oil (40.2%) and other oil (liquid petrochemical feedstocks, naphtha and gasoil) deliveries, according to the American Petroleum Institute (API). Gasoline deliveries were up 0.9%, the first increase in demand since February 2011.

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CMU study finds small battery PHEVs and gasoline hybrids the least-cost policy solution to reducing gasoline consumption

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The federal subsidy significantly favors larger battery packs to a stronger degree than their potential for additional gasoline savings. A 2011 paper by Michalek and colleagues found that strategies to promote adoption of HEVs and PHEVs with small battery packs offer more social benefits (i.e., Peterson and Michalek 2012.

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US petroleum demand drops 5.7% in January on heating oil decline

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in January 2012 compared with January 2011 to just over 18 million barrels per day, according to figures from the American Petroleum Institute (API). Gasoline deliveries slipped 0.2% Consumer demand for gasoline has not recovered from 2007 highs. Supplies for refined products remained ample, with gasoline production of 8.9

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