article thumbnail

Saudi Arabia And Iran Reignite The Oil Price War

Green Car Congress

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. sanctions on Tehran return in early November.

article thumbnail

RedRock Biofuels to supply 3M gallons/year of renewable jet fuel to FedEx through 2024

Green Car Congress

FedEx joins Southwest Airlines, which signed a purchase agreement with RedRock in November 2014 for about 3 million gallons per year, in purchasing Red Rock’s total planned available volume of jet fuel. The agreement runs through 2024, with first delivery expected in 2017. Earlier post.).

Renewable 150
article thumbnail

Aventine installs $2.4M corn-oil separation system at ethanol plant

Green Car Congress

Since corn oil has a higher market value, removing the oil improves dried distillers grain processing properties. Until supply and demand are more in line, we are working to maximize profitability by better aligning our costs with our product mix and output levels. —Mark Beemer.

Oil 150
article thumbnail

Sandia study finds meeting RFS2 requirements unlikely without stronger enforcement mechanism; the importance of drop-in biofuels

Green Car Congress

Relying on consumers to purchase ED85 instead of gasohol is too uncertain of an approach to meeting the mandate. The model has four sub-components: vehicle, fuel production, electricity grid; and energy supply. Among their findings were: RFS2 is satisfied at extreme oil prices (at least $215/barrel).

article thumbnail

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

Green Car Congress

scenarios, and the sensitivity of the model to particular factors, the analysis reveals areas where intervention may be warranted: The capital costs associated with vehicle purchase, in relation to the costs for conventional vehicles; Supply constraints in the Australian market; and. supply constraints into the Australia market.

PHEV 210
article thumbnail

RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

Green Car Congress

Considering that the United States produces over 8 million barrels of oil per day domestically and imports an additional 3 million bpd from secure supplies in Canada and Mexico, we can find no credible scenario in which the military would be unable to access the 340,000 bpd of fuel it needs to defend the nation. Additionally, U.S.

Price 225
article thumbnail

Norweign Drivers switch to Electric Cars

EV Report

Some are still not yet sure to make a plunge in purchase. In comparison with Norway, a country that is considered to be an unofficial leader in Electric Vehicles, around 40 percent of vehicles sold are electric vehicles and there are thousands of drivers who are on a waiting list to purchase the latest electric vehicles.