A federal tax credit of 45¢/gal established to help the domestic ethanol industry probably won’t stimulate production beyond levels that new renewable fuels standards specify for this year unless oil prices climb significantly, the Government Accountability Office said.
The US Senate’s latest effort to address global climate change emerged after several weeks of anticipation as Barbara Boxer (D-Calif.) and John F. Kerry (D-Mass.) introduced their bill on Sept. 30.
A strategy that diverts federal tax incentives from domestic oil and gas to renewable and alternative energy would quickly increase oil and gas imports, industry observers warned on Sept. 28.
Twenty-seven business associations, including seven from the oil and gas industry, expressed concern to leaders of a US House committee on Sept. 28 about three provisions in a bill aimed at protecting chemical plants from terrorism.
The number of public comments on the US Minerals Management Service’s evolving 5-year Outer Continental Shelf plan has surpassed 530,000, MMS Director S. Elizabeth Birnbaum said on Sept. 25.
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