OPEC and Russia aim to raise oil prices with big supply cut

Saudi Arabia and Russia, acting as leaders of the OPEC Plus energy cartel, agreed to their first large production cut in more than two years in a bid to raise prices, countering efforts by the United States and Europe to choke off the enormous revenue that Moscow reaps from the sale of crude. President Biden

USDA invests to increase homegrown biofuels

US Department of Agriculture (USDA) Rural Development State Director, Jane Asselta, has announced the agency is investing $340,000 in infrastructure and to help expand the use of renewable fuels in New Jersey. Due to these grants, the amount of ethanol sold is projected to increase by 162,715 gallons. This announcement supports the Biden-Harris Administration in

Biden to waive rule on sale of higher ethanol blend gasoline

President Joe Biden to announce he’ll suspend a federal rule preventing the sale of higher ethanol blend gasoline this summer as his administration tries to tamp down prices at the pump that have spiked during Russia’s war with Ukraine. Most gasoline sold in the U.S. is blended with 10% ethanol. The Environmental Protection Agency will

Anticipating food deficiencies, Biden creates fossil fuel task force

“With regards to food shortages, it’s going to be real,” President Biden declared after meeting with NATO allies in Brussels, saying both Russia and Ukraine have been the breadbasket of Europe. “The price of these sanctions is not just imposed on Russia, it is imposed on an awful lot of countries as well, including European

US farmers tell President Biden to expand biofuels use

More than 1,000 US farmers and other biofuel supporters, in a letter delivered to the White House by the Renewable Fuels Association, asked the Biden administration to turn to biofuels with rising gasoline prices and White House efforts to secure additional crude oil supplies from other nations to replace Russian oil banned for export to

It takes green to go green

President Biden made headlines with his recent executive order directing federal agencies to achieve net-zero greenhouse emissions by 2050, including meeting ambitious goals this decade to decarbonize federal vehicles, buildings and electricity use. While the President’s plan would make only a dent in US emissions overall, the real aim is to use the government’s vast

Biofuels leaders call on Biden to keep promise to support renewables program

With the Biden administration considering a possible cut in Renewable Fuel Standard  volumes to bring down gasoline prices, some say he is breaking a campaign promise. Congress created the renewable fuel standard program to reduce greenhouse gas emissions and expand the nation’s renewable fuels sector and become less dependent on foreign oil. The idea of