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December 7, 2012
A weekly look at sustainable bioenergy, farm, and forest policy issues
Farm Bill Energy Programs and Bioenergy Tax Cut Extenders Still Hanging in the Balance
The end of the year and the federal government’s fiscal cliff are rapidly approaching, but little progress has been seen in negotiations between political leaders concerning how to avoid plunging the U.S. economy back into recession next year, when sharp tax increases and spending cuts are scheduled to take place. A five-year Farm Bill reauthorization and bioenergy tax cut extensions, which already have bipartisan support, may be part of the final package. Continuing federal support for bioenergy is critical for addressing the nation’s climate, energy, economic, and environmental challenges.
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Energy Information Administration Reduces Forecast for Advanced Biofuels in 2040
Domestic production of climate-polluting fossil natural gas and oil is booming. Oil stocks in the U.S. are well above the five-year range. The price of oil in Midland, Texas, at $75 per barrel, is $35 cheaper than the global benchmark, Brent crude. And, consumption of transportation fuels is stagnant or declining. What will this mean for the future of advanced biofuels?
Writer: Ned Stowe
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