1 September 2011 0 Comments

Ethanol and Big Oil: Another Dynamic

“Oil doesn’t want to lose market share,” Buis said. “The oil industry is not going to lobby [for ethanol].”

It wasn’t always this way, however. Ethanol loses Big Oil, big advocates and maybe big subsidies

By Dipka Bhambhani – The Daily Caller 03/01/2011

Separately, Rep. Jeff Flake opposes subsidy for “blender” pumps and  Rep. John Sullivan opposes EPA mandate increasing blend from 10%, e10,  to 15%, e15.

 

T. Boone Pickens and Charles Koch Spar Over U.S. Natural-Gas Subsidies – WSJ.com  25 May 2011

Investor T. Boone Pickens has a vision of American highways in which trucks are powered by natural gas—and nudged along by government subsidies. Charles Koch, one of the richest men in the country, is gunning hard to block taxpayer money from boosting his fellow billionaire’s dream.

Exxon Makes Its Case:Of the $16.6 billion spent on U.S. energy subsidies over the course of one year, fuels such as renewables, refined coal, nuclear, and others accounted for more than 85 percent of subsidies — while oil and natural gas received about 13 percent, according to the EIA study published in 2008. At the same time, oil and natural gas met well more than 60 percent of U.S. energy needs.

 

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