EUR/USD 1.11965
0.102%
Gold 3254.31
0.132%
Oil 63.143
-0.084%
USD/JPY 147.349
-0.090%
GBP/USD 1.33133
0.044%
GBP/JPY 196.168
-0.011%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. House Speaker Johnson: Republicans may not reach an agreement on the state and local government tax (SALT) bill until tomorrow.German Geoscience Research Center GFZ: A 6.3-magnitude earthquake occurred on the Greek island of Crete.On May 14, the article stated that recently, some consumers found that after purchasing a monthly pass for shared bicycles, they were still charged for overtime within the specified time, and a single payment was turned into a membership card. This kind of platform inducement phenomenon exists in many shared economy consumption scenarios. Inclusiveness is the starting point of the shared economy. The value of the shared economy lies in allowing more people to enjoy services in a convenient and low-cost way, rather than exploiting user interests through information asymmetry. If the platform wants to achieve sustainable development, it must optimize the membership mechanism, ensure transparent rules, reasonable billing, and freedom to cancel subscriptions, so that consumers can truly feel the benefits. Dont forget the original intention of inclusiveness, so that the shared platform can truly play its social value and achieve a win-win situation with consumers.Iran will hold talks with European parties in Istanbul on Friday, two European diplomatic sources and an Iranian diplomatic source said on Tuesday. Britain, France and Germany initially hesitated about the talks, fearing that such talks could open up a parallel track that would interfere with the negotiations promoted by the Trump administration to prevent Iran from developing nuclear weapons. But European diplomats said they chose to continue the talks because it was in their interest to maintain dialogue with Iran and reaffirm their vision for a new nuclear deal. Iran is also eager to hold the talks in order to keep multiple options open and assess the positions of European powers on the issue of re-imposing UN sanctions on Iran. European powers are not parties to the current Iran-US negotiations, but the three powers have been seeking to coordinate closely with Washington to decide whether and when the "snapback sanctions mechanism" should be used to put pressure on Iran over its nuclear program. According to diplomats and a document seen by Reuters, the three countries may initiate "snapback sanctions" in August if no substantive agreement is reached by then.SpaceX: Starship completed a long six-engine static fire test and is currently making final preparations for its ninth flight test.

Senators Propose Extending E15 Gasoline Sales With Oil Industry Backing

Haiden Holmes

Nov 30, 2022 11:57

12.png


Senator Deb Fischer of Nebraska told Reuters that senators from Nebraska and Minnesota submitted legislation on Tuesday to raise nationwide sales of E15, a gasoline with a higher ethanol content, after obtaining initial backing from an oil industry trade group.


The idea, sponsored by Fischer and Minnesota Senator Amy Klobuchar and backed by the American Petroleum Institute (API), would be a significant triumph for the ethanol industry and maize farmers, who have frequently tried to increase E15 sales but have found roadblocks.


Uncertain as to whether the bill has the required votes to pass both the House and the Senate, the oil industry's support has removed a major political obstacle.


Environmental Protection Agency (EPA) anti-smog regulations currently ban summertime sales of E15, despite research indicating that the higher percentage blend may not contribute to smog as much as the 10% blend known as E10, which is available year-round.


This month, Reuters reported that the API has begun working with biofuel business groups on legislation, after governors from major corn-producing Midwestern states requested the EPA allow for more E15 sales in their respective states earlier this year. In reaction to the governors' suggestion regarding fuel restrictions that differed from state to state, the oil industry raised concerns.


Fischer told Reuters, "Our backing is robust." Considering the impact it will have on the central United States, the Midwest, and a chunk of the south, I feel this to be of great importance.


Fischer stated that if approved, his and Klobuchar's proposal would nullify the governors' request and prohibit a piecemeal extension of E15.


"By allowing the year-round sale of E15 across the country and preserving access to lower ethanol gasoline blends, this bipartisan legislation strengthens the fuel supply chain and ensures American consumers have access to the fuels they rely on daily," said Will Hupman, vice president of downstream policy for the American Petroleum Institute.


The Act also has the support of Senator Kevin Cramer of North Dakota, who is a cosponsor. North Dakota is one of the leading oil-producing states, according to Fischer, so Cramer's endorsement is crucial.


This month, organizations such as the American Petroleum Institute (API), the Renewable Fuels Association (RFA), and the National Farmers Union asked legislative leaders to expand E15 sales nationwide.


RFA President Geoff Cooper stated, following Tuesday's legislative announcement, "We appreciate Sens. Fischer, Klobuchar, and other renewable fuel supporters in the Senate for introducing this legislation, which provides the market with much-needed uniformity and stability."

Suggestion