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July 2nd - On July 1st, the National Energy Administration held a special meeting in Beijing on the exploration and development of deep coalbed methane. The meeting emphasized that ensuring national energy security should be the core task, and that the exploration and development of deep coalbed methane should be vigorously promoted to continuously strengthen the foundation of energy supply. The meeting stressed the importance of implementing relevant plans. The "15th Five-Year Plan" for coalbed methane (coal mine gas) development and utilization and the action plan for increasing reserves and production in key areas were issued and implemented, detailing tasks to each enterprise and coalbed methane block, increasing investment in exploration and development, and accelerating the construction of key projects.According to Saudi Arabias Al Arabiya TV, sources say the next round of talks between the United States and Iran will be held on July 18.Italian oil company Eni: RH3OVA provides a one-stop service covering the entire life cycle of fusion fuel, including from early feasibility studies to project deployment and operational support.Italian oil company Eni: The UK Atomic Energy Authority (UKAEA) has formed a joint venture with Eni to provide capability support for the fusion energy industry. The joint venture, RH3OVA, will provide professional consulting and operational services to the evolving global fusion energy industry.On July 2nd, Democratic Senator Elizabeth Warren demanded that Federal Reserve Governor Mark Waller halt his efforts to comprehensively reform the operations of the Feds 12 regional branches. Warren stated that Wallers proposed reform plan appears to be inconsistent with federal law and suggests it could undermine the Feds independence. While Waller, as chair of the Federal Reserve Boards Committee on Federal Reserve Banking, possesses certain oversight powers, the regional branches are established as highly autonomous entities capable of controlling their day-to-day operations. Warren stated, "This is less a serious Fed reform plan and more like a carefully crafted scheme to appease President Trump, who wants more power over the regional branch presidents. I urge you to immediately halt this plan and provide Congress with more information."

The United States is contemplating adding more ethanol to gasoline in order to cut pump costs

Charlie Brooks

Mar 31, 2022 10:36

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The assessment comes as President Joe Biden attempts to rein in surging gas prices, which reached a new high last month after Russia's invasion of Ukraine in late February. To punish Russia for the invasion, the United States and other consumer nations have blocked imports of oil from Russia, a key global supplier.


Increasing the amount of ethanol in gasoline mixes has the potential to lower petrol prices at U.S. gas stations since ethanol, which is derived from maize, is now less expensive than plain gasoline.


The EPA said it couldn't comment on whether the move was being considered, but that it was "examining a number of measures throughout the administration to assist offset repercussions from Russia's activities on American consumers."


The ethanol sector would appreciate the measure, as it has sought to raise sales of the E15 fuel mix and abolish summertime limits on it. E15 contains up to 15% ethanol, compared to 10% in regular gasoline in the United States.


The summertime ban on E15 was established due to fears that it adds to pollution in hot weather, despite studies indicating that the 15% mix of fuel may not increase smog in comparison to the more prevalent 10% blends available year-round.


A bipartisan coalition of Farm Belt politicians in the United States has lobbied the White House to repeal the summertime restriction.


Earlier this month, senators from Iowa and Illinois, the two largest corn-producing states, requested Biden in a letter to authorize the sale of E15 during the 2022 driving season, saying that the increased ethanol would cut consumer prices.


However, since ethanol is manufactured from maize, the change has the potential to raise food prices. Previously, the Biden administration investigated whether suspending rules for biofuels to be integrated into the nation's fuel mix may help offset a rise in food component prices such as maize and soy oil.


Inflation is considered as a key danger to Democrats in the midterm elections in November.

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