… But what about below?
EPRINC’s Rafael Sandrea has published another paper, this one entitled “With Global Oil Demand on the Rebound, What About Supply?” The piece analyzes the impact of COVID-19 and the Texas Freeze on global oil demand and supply. Rafael also examines future oil supplies moving forward into 2021 by discussing trends in exploration and providing fresh comparative economics regarding oil supply vs. renewables.
Rafael’s paper can be found here.
Over the course of the last forty years, automobile manufacturers have had to comply with a variety of increasingly stringent Federal and State requirements. CAFE (Corporate Average Fuel Economy) regulations were enacted in the 1970s to require higher fuel efficiency in motor vehicles. Beginning in 2005 through the passage of the RFS (Renewable Fuel Standard) increasing volumes of biofuel blending have been mandated. As both of these sets of regulations have created formidable compliance challenges, there has emerged an opportunity to link the two to bring some convergence to these two important public policy concerns and offer some resolution through requiring higher-octane fuel.
EPRINC’s Lucian Pugliaresi and Max Pyziur have written a report which presents an estimate of the cost of transforming the U.S. gasoline fuel system from one in which about 89 percent of sales can be characterized as “regular” and “midgrade” gasoline into a fuel system that, over time, nearly 100 percent of sales can be characterized as “higher-octane” gasoline. Several methodologies were used to estimate the cost of this transformation, and the merits and demerits of each system for calculating the cost are discussed in the report. The report can be found here.
Lucian Pugliaresi testified before the U.S. Senate Committee on Environment & Public Works on February 24, 2016. The topic was the Renewable Fuel Standard.
There were a series of follow-up questions from Senator Deb Fischer of Nebraska. Lucian Pugliaresi and Max Pyziur prepared answers for the record.
A copy of the testimony can be found here: https://eprinc.org/wp-content/uploads/2016/03/Testimony-before-EPW-on-RFS-Feb-24-2016.pdf
A copy of the follow-up questions and responses can be found here: https://eprinc.org/wp-content/uploads/2016/04/ResponseToQuestionsFromSenatorDebFischerApril2-2016.pdf
Both the testimony and the responses to Senator Fischer will be part of the official record of the Senate.
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.
… But what about below?
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.
EPRINC’s RFS compliance calculator has been released as a free download on Apple’s App Store. Now you can model various RFS and refined product market scenarios until your thumbs fall off. The app is optimized for iPhone 5/5s and compatible with iPad.
EPRINC submitted comments regarding EPA’s proposed 2014 standards for the Renewable Fuel Standard Program