Re: |World-Wide_Politics| Biodiesel
That seems like a large number.Until you compare it to total production of distillate fuel oil - this includes heating oil and diesel motor fuels (both highway and off-road) from petroleum which are the same product for different use, a well as biodiesel). According to EIA, average distillate fuel oil production for 2011 (as estimated in December) was 4,477,000 barrels per day. That works out to about 1,634 million barrels per year compared to about 26.2 million barrels per year for the biodiesel component of that total - in other words, about 1.6%. But, what the heck, it's only a billion-plus dollars a year in subsidies and the US government has more money than it knows what to do with. Oops! I forgot. We're running on borrowed money; it's petroleum and natural gas we have in abundance.
From: Jimski <jimskikapinski@...>
To: World-wide_Politics <World-wide_Politics@yahoogroups.com>
Sent: Tue, Jan 31, 2012 9:56 pm
Subject: |World-Wide_Politics| Biodiesel
That seems like a large number.
Emissions & Technology News
A Billion Gallons Of Biodiesel
The U.S. biodiesel industry produced more than 1 billion gallons of fuel in 2011, according to year-end numbers released by the EPA.
The total volume of nearly 1.1 billion gallons is by far a record for the industry and easily exceeded the 800 million gallon target
required under the EPA's Renewable Fuel Standard (RFS).
The previous record for biodiesel production was about 690 million gallons in 2008. The biodiesel industry's growth in 2011 comes
after Congress reinstated the fuel's $1-per-gallon tax credit in December 2010 and as the EPA's RFS program for biodiesel completed
its first full year of implementation. Without those policies in place in 2010, production dropped dramatically as dozens of plants
That tax incentive has since expired again, on Dec. 31, 2011, and the biodiesel industry is urging Congress to reinstate it. In
addition, the industry is calling on the EPA and the Obama Administration to finalize the EPA's proposal to boost the biodiesel
volume requirement under the RFS to 1.28 billion gallons in 2013.