Big Oil is Manipulating the RIN Market

first_img In response to the release of the fifth white paper on the Renewable Fuel Standard (RFS) from the House Energy and Commerce Committee, the Executive Vice President of the American Coalition for Ethanol (ACE) Brian Jennings submitted comments showing how the RFS is working and Big Oil companies are desperate to repeal it so they can control the fuel market. Facebook Twitter By Gary Truitt – Jul 29, 2013 Why the RFS was enacted and how EPA has implemented it: “The RFS wasn’t enacted by Congress to make life comfortable for oil companies or vertically-integrated food conglomerates who managed to operate quite comfortably before the RFS and continue to generate handsome profits today. The RFS was enacted to dramatically improve the way we produce and use transportation fuel, to reduce our dangerous dependence on foreign oil, to create jobs, to reduce gas prices and greenhouse gases, and to spark innovation in new technologies. In its wisdom, Congress provided EPA with appropriate authority and flexibility to implement the RFS, and EPA has judiciously and exercised that authority.” Big Oil is Manipulating the RIN Market Home Energy Big Oil is Manipulating the RIN Market How the oil industry is manipulating the RIN market: “That oil companies are willing to pay $1 or more for a RIN, just to avoid buying ethanol at 70 cents per gallon less than gasoline and offering consumers safe, tested, and affordable blends such as E15 and E85, should tell Congress everything it needs to know about the RFS: it is needed now, more than ever. The lack of transparency in the RIN trading marketplace leaves open the possibility that unscrupulous traders or even oil companies could create skewed transactions for the purpose of manipulating the RIN market for financial gain or to make a political point. If Congress reduces or repeals the RFS, it rewards oil companies’ bad behavior, ensures they will control 90 percent or more of the gasoline market, and forces consumers to pay more for dirty fuel by restricting their access to more affordable and cleaner blends such as E15 and E85.” Jennings full comments can be read here. Brief excerpts are highlighted below. SHARE SHARE Facebook Twitter Previous articleIndiana and National Crop Conditions Nearly SteadyNext articleNew Report Highlights Importance of Immigration Reform to Ag Gary Truitt With respect to a question from the Committee asking who is responsible for the rise in RIN prices: “The question isn’t what is responsible for the rise in RIN prices, rather, the questions are who is responsible for the rise in RIN prices and why. RIN prices have risen this year because oil companies don’t want to comply with the law.  While oil companies were reluctantly comfortable with 10 percent ethanol in all gasoline, they prefer to control the remaining 90 percent of the gasoline market by preventing the sale of E15 and other mid-and-high-level blends of ethanol called for under the RFS.”last_img read more

Gardai search for missing Limerick teen

first_imgLinkedin GARDAI in Limerick are seeking to trace the whereabouts of a Limerick teenager who is missing since last Monday.16-year-old Darnel Hayes-Price was last seen on Monday afternoon in the Moyross area on the Northside of the city.Sign up for the weekly Limerick Post newsletter Sign Up Darnel is described as being 5’7″ tall and of a slight build, with reddish brown hair.When Darnel was last seen, he was wearing a navy tracksuit bottoms, a blue body warmer and wine coloured runners.Anyone with information or anyone who who may have seen him is asked to contact Henry Street garda station on 061 212400. Email NewsGardai search for missing Limerick teenBy Staff Reporter – November 27, 2015 509 Facebook Twittercenter_img Print Advertisement WhatsApp Previous articlePLAN producing and sellingNext articleShannon girl last seen near Limerick shopping Centre Staff Reporterhttp://www.limerickpost.ielast_img read more

Public health informatics training program announced

first_imgJun 8, 2005 (CIDRAP News) – A new program to provide training in the use of informatics to enhance disease detection and other public health functions is being launched with the help of a $3.68 million grant from a private foundation, the National Institutes of Health (NIH) announced today. The grant will support program development at the training sites along with stipends, tuition, and other expenses for trainees, the NIH said. See also: The National Library of Medicine (NLM) will administer the grant. Training will be done at four institutions that already have informatics training programs supported by the NLM: Columbia University, the Johns Hopkins University School of Medicine, the University of Utah, and the University of Washington. The programs are scheduled to begin Jul 1, the NIH reported. The Robert Wood Johnson Foundation (RWJF) has awarded the grant to train students in public health informatics, defined as the practice of integrating computer technology for managing information to enhance the work of public health professionals and others, the NIH said. “Informatics can help us make a huge impact on pubic health through disease surveillance,” said Charles Friedman, PhD, the NLM’s leader of the training initiative, as quoted in the news release. “By integrating health data from a range of sources—including hospitals, clinics, and pharmacies—and applying sophisticated analysis tools, we’ll be able to detect disease outbreaks early, potentially saving lives and preventing an enormous amount of suffering.” Jun 8 NIH news release read more