EPRINC’s work on the Corporate Average Fuel Economy (CAFE) standards continues to get attention.
The Oil & Gas Journal published an abridged version of Lucian Pugliaresi and Max Pyziur’s work on the topic in both their print and digital editions on April 4, 2016.
Jeff Kissel, who recently joined EPRINC as a Distinguished Fellow, provides a brief commentary on why low oil prices may reduce the economic pain from a (likely) forthcoming increase in interest rates from the Fed.
Trisha Curtis recently completed a detailed assessment of U.S. oil shale production in a low price environment. The research effort was supported by both EPRINC and the Oxford Institute of Energy Studies (OIES).
Max Pyziur and Lucian Pugliaresi on Technical Constraints and Cost Risks from the Renewable Fuel Standard
Under US law, increased volumes of biofuels must be blended into gasoline and diesel fuels. A variety of factors, including future demand for transportation fuels, falling crude oil prices and technological constraints, are all providing new challenges to successfully implementing the biofuel mandate.
This EPRINC assessment demonstrates that the RFS (Renewable Fuel Standard) requirements create considerable long-term costs, risks, and uncertainties to fuel producers, and are likely to raise transportation fuel costs substantially.