EPA Yanks 70 Small Refinery Biofuel Waivers -Threatens Their Survival


 

Biden is deliberately putting up to 88 small refineries at risk. Most do not have the capacity to refine added biofuels and instead are forced to buy “energy credits.” He throws around that this is a time of war thus the War Powers Act could come into play. Exactly what war was declared? He threatens refineries to produce more, reduce their profit – become patriotic or else.

Under the Renewable Fuel Standard (RFS), oil refiners must blend billions of gallons of renewable fuels into the nation’s fuel mix, a policy intended to help farmers, reduce greenhouse gas emissions, and cut U.S. petroleum imports.

Small refiners can seek waivers to the mandates, or an SRE, if they can prove the mandates would financially harm them.

After reviewing materials including more than a decade of RFS market data, the EPA said it concluded that none of the 36 petitions (as of April 2022) demonstrated hardship caused by compliance with the RFS program.  (Reuters)

Biden wonders why refinery capacity is down???

Chet Thompson, CEO  of the American Fuel & Petrochemical Manufacturers, said the blending requirement for this year is “contrary to the administration’s claims to be doing everything in their power to provide relief to consumers.”

“Unachievable mandates will needlessly raise fuel production costs and further threaten the viability of U.S. small refineries, both at the expense of consumers,” Thompson said.

Announcement also include denial of refinery exemptions

The EPA, after gathering comments since releasing it proposed blending requirements in December, said Friday it will require refiners to blend 20.77 billion gallons of ethanol, biodiesel and other renewable fuel this year.

The agency also denied roughly 70 exemptions for small refineries,(June 2022) many of which had been granted under former President Donald Trump. (Yahoo)

President Joe Biden wrote letters to seven CEOs of oil companies saying that while Russian President Vladimir Putin is responsible for the spike in oil and gas prices, he’s calling on oil companies to explain why they’ve had a drop in refining capacity at a time when profits increase.

Biden Takes Aim At Oil Companies Over Profits, Refining Reduction

 

 

Oh really?

South Jersey refinery says cost-mandated fuel credits threaten its survival

Let’s get rid of the smaller refineries. Transportation Secretary Butt Boy complains about the big companies running things.

The biofuels industry’s RFS struggles span several administrations. Most recently, the Trump administration granted 88 small-refinery exemptions in four years, setting off a legal fight all the way to the Supreme Court. Industry groups have placed their hope in the Biden administration to set a different course on the RFS.”

New Jersey lawmakers waded into a long-running battle by independent oil refiners for reform of a federal mandate that the companies say is costing them millions of dollars and threatening their survival.

Both the NJ Senate and Assembly unanimously passed a resolution urging President Joe Biden and the Environmental Protection Agency to allow waivers to the Renewable Fuels Standard that would ease financial pressure on refiners such as Parsippany-based PBF Energy which employs about 225 people at a facility in Paulsboro.

To comply with the standard, PBF and other refiners who are unable to blend biofuels such as ethanol with gasoline and diesel are required instead to buy credits called Renewable Identification Numbers, or RINs, that have recently surged in price because they are traded on the open market.

Prices for the credits jumped to a record high of almost $2 in June from only 10 cents at the start of 2020, the resolution said. They are now the second-largest expense for refiners like PBF, after crude oil. The document noted that 800 million fewer credits were issued last year than were needed to meet the 2020 standard.

The burden of the credits is worsened, the independent refiners say, by the fact that they buy them from larger competitors who have the technical ability to blend biofuels, and so earn the credits that they can then sell to the smaller companies. That amounts to the smaller companies effectively subsidizing their competitors, they say.

The resolution says the requirement to buy credits is inflicting “serious economic harm” on independent refiners like PBF, and that the EPA has the authority to waive the renewable fuel requirements if it finds that they are hurting the companies.

Source

After Launching Push To End Oil & Gas, Biden Blaming Oil Refineries For Not Doing “Patriotic Duty”

 

 

 

They had this refinery scheme as early as last year. Biden knew this credit business was a problem. Democrat Lawmakers joined in by writing the EPA urging that the refiners not be given any relief: 

U.S. Refiners Accumulate $1.6 Billion Shortfall in Biofuel Credits, as Biden Administration Weighs RFS Volume Cuts

U.S. merchant refiners have amassed up to a $1.6 billion shortfall in the credits they will need to comply with U.S. biofuel laws, according to a Reuters review of corporate disclosures, an apparent bet that the Biden administration could let them off the hook or that credit prices will fall.

“The big liability among companies including PBF Energy Inc, CVR Energy Inc, Par Pacific Holdings and Delta Airlines comes as the administration of President Joe Biden considers granting oil refiners relief from their biofuel mandates amid soaring credit costs and economic turmoil from the coronavirus pandemic that has hurt the fuel industry.

The Bloomberg article pointed out that, “Oil refiners meet the government’s biofuel quotas either through blending renewable fuels themselves, or by purchasing credits from others that have. Prices for some of those credits have hit all-time highs this year on expectations the Biden administration would impose more ambitious quotas and stop exempting refineries from them. Corn and soybean prices have also climbed on expectations of more demand from biofuel makers.

And DTN writer Todd Neeley reported on Wednesday that, “With reports the Biden administration may be considering providing relief to oil refiners from their Renewable Fuel Standard obligations, a group of Democratic lawmakers pushed back in a letter to EPA Administrator Michael Regan and Brian Deese, director of the National Economic Council.

We write with significant concern about recent reports that the Administration is considering several options to exempt oil refiners of their obligations under the Clean Air Act’s Renewable Fuel Standard (RFS). We support your efforts to address climate change, but we are concerned that rolling back the RFS obligation for refiners directly contradicts this work. Following through on the actions reportedly under discussion would directly undermine your commitment to address climate change and restore integrity to the RFS and we urge you to reject them.

Read more

Sums up Biden and his energy intentions.

And our Treasury Secretary is all in. NOTE at the end: “Passing Clean Energy Credits is critical…”

I am sure she must be right. She was so right on inflation wasn’t she?

It sure is all hands on deck.

The best of the swamp.

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27 Responses to “EPA Yanks 70 Small Refinery Biofuel Waivers -Threatens Their Survival”

  1. Biden Shuts Down 2 Nuclear Power Plants, 4 Hydroelectric Dams, 1 Refinery | BUNKERVILLE | God, Guns and Guts Comrades! Says:

    […] Yanks 70 Small Refinery Biofuel Waivers -Threatens Their Survival bunkerville.wordpress.com/2022/06/16/epa… via @bunkerville […]

    Like

  2. bunkerville Says:

    I have been following Karine since she landed in the WH off the boat from Haiti and from Moveon.org… It is the ultimate insult for a foreign Marxist to speak for our government. Today she made clear… nope… no drilling. After this post there is no hope for energy and he will declare his war powers either via the energy or via healthcare over abortion., then Kati bar the door.

    Like

    • Baysider Says:

      Exactly. I am reading Matthew Lohmeier’s book Irresistible Revolution on Marxism’s march through the institutions, particularly the conquest in progress in the U.S. military. Weisshaupt, the philosophical predecessor to Marx, emphasized how they must work to disrupt traditional culture and dismantle social norms in concealment. Just like she is. Concealment was their chief strength – always using another name and occupation to insinuate quietly into positions from which they could ‘enlighten’ people without discovery. That was the founder of the Order of the Illuminati. 1776. Same year their future arch nemesis was laying the foundation stone of another sort across the ocean.

      Liked by 1 person

  3. Baysider Says:

    “Exactly what war was declared?” The war against the American middle and entrepreneurial class. Ed is too kind. It see it ONLY as an intentional obstruction to make for more misery.

    Doing everything to provide relief? That’s right. YOU will only get relief by becoming more dependent on US, the federal government. Just like during the lockdowns. Here comes another wave of dependency. And you’re more likely to be willing to be dependent if we make you miserable enough. It’s the first half of Klaus Schwab’s promise: “you will own nothing.”

    So, Ms. Karine, tell me again about entities that should not be taking advantage of a war that is hurting the American public? If you BELIEVE that, then the Biden administration has a lot of backtracking to undo their damage. Here’s an easy path forward: do what Trump did.

    That video excerpt of Biden pandering to green votes tells everything. YES. He would displace hundreds of thousands of workers to transition from a high energy intense fuel to very low energy intense fuels. That’s one campaign promise he’s made good on.

    Dust off your walkin’ shoes people!

    Liked by 2 people

  4. Mustang Says:

    There is a good reason to think that Joe is bat-shit crazy. And incompetent. And a no-good communist son of a bitch. None of these are mutually exclusive. But there is one more indicator, also not mutually exclusive: Joe Biden knows exactly what he’s doing. I don’t believe he is bumbling into a room full of furniture; I do believe that he fully intends to take away America’s guns and force American energy into what he thinks it should be. Emphasis on “he thinks.” And what Joe thinks is why most people voted for him. So, let’s not transform our ire into a “Joe” problem. It’s a neo-Democratic Party problem. This is what Democrats stand for — and arguing that Joe is mentally incompetent, which of course he no doubt is, simply gives the DNC the cover they need to survive the political landscape. I say, let’s get rid of both, and make it permanent. No more Joe’s and no more Dinks.

    Liked by 2 people

    • bunkerville Says:

      When I did this post it was staring into the face of pure evil. Families struggling for what? Totally unnecessary. We should be raking in bucks on the world market not struggling to find a source. Now he is going to end these little refineries and the jobs that go with it. Yes, and the Dems write the EPA not to give relief to them it the height of hypocrisy.

      Where is the GOP? I hear nothing about this in the news, As far as Biden? Hunter is the brightest guy in the room so Biden says. We all have been wondering who writes his speeches since what he keeps saying is so absurd. Hard to believe anyone would write them. I am wondering if it is not Hunter.. I agree Biden knows exactly what he is doing and why after I saw his AFL-CIO it was so chilling. Knows and is also delusional.. scary dude stuff… I hope everyone gets a chance to see some of it. Will try and find some of it,

      Liked by 2 people

    • Baysider Says:

      Biden’s clear incompetency – a clear cover for undermining the Republic. We are in sad shape.

      Liked by 2 people

  5. peter3nj Says:

    Would though it were the EPA, Dept of Education, Dept of Energy and Homeland Security bureaucracies along with their bureaucrats we’re declared enemies of the state…and that’s just for starters…

    Liked by 1 person

  6. Ed Bonderenka Says:

    Either we are we are being governed by the most inept crew since… I can’t think of of someone more inept, or this is an intentional destruction of this nation.
    Or both. I’ll go with both.
    They broadcast their intention long ago while we were focusing on Jihadis.
    If I were to call for an uprising against the destruction of this nation, I’d find myself incarcerated with those insurrectionists in D.C.
    If I were to say that it’s time for America to rise up and take back their government (and I’m not sure how to accomplish that), I would have SWAT teams at my front door.
    So I won’t say it.
    I guess their method of intimidation worked.

    Liked by 2 people

    • bunkerville Says:

      I had no idea there were so many small refineries. They for sure will put them out of business with this total nonsense. Yet not one word in the media about this… Patriotic? Yes, I feel the same way… and to think these Senators wrote in support of denying credit help? If anything they should be given financial help since that is all that stands between us and gas for our car. If we can do if for solar we can do it for refineries.

      Liked by 1 person

      • markone1blog Says:

        Bunker,
        There are at least 100 independent refineries (in a nation of 300 million and probably 30 million illegals). Each of those provide a fair amount of our daily fuel and each run on a shoestring. Therefore, when you hear of an explosion in a distillation unit, you can always brace yourself for at least 2 months of increased gasoline prices as that unit gets repaired and all other companies take up the demand and supply.

        With that in mind, we step into this environment where Biden wants to squeeze the little guys? Look for bankruptcies (and maybe a domino effect) in this inflationary/recessionary environment.

        I would be willing to bet that — in a month or two — Biden (or his minion Yellen) will be saying “didn’t see that coming.”

        Liked by 1 person

      • markone1blog Says:

        Two things I meant to mention:

        1. Don’t forget that China is still locked down. Gas prices will really go up when they decide to open up.
        2. A number of production companies are on the edge of existence. When they go down, prices will likewise get a big bump.

        Liked by 2 people

      • markone1blog Says:

        One more time:

        1. Just leading into June, electricity prices have been on a steady rise due to reduced production capacity and increased natural gas prices.
        2. The favorite of the left (the electric car) hit an all-time high in average price. Now, a cheap electric will cost you $60K.

        Liked by 1 person

      • bunkerville Says:

        Interesting Mark… they have this all figured out.

        Liked by 1 person

      • Baysider Says:

        “a cheap electric will cost you $60K” plus the health burden of sitting on batteries that emit ELF (extremely low frequency) which has not been studied much. Evidence suggests that they are. They are classified as “possibly carcinogenic to humans” and before millions of people are riding around with close and long exposure we need to know a LOT more. Just in accounting terms, does the benefit more than outweigh the cost to the health system, for example, taking into consideration the creation and expenditure of both energy sources and the costs both have on human health. I don’t know the answer. But I DO know that green cheerleaders have not even thought this far – always scary.

        Liked by 2 people

      • bunkerville Says:

        Baysider.. its sure not healthy for those digging for conbalt and lithium. And then where do we put all these old batteries? When I do my Saturday post clips there are a whole lot of those that caught fire. Yes, sit on top of one of these suckers. thanks no thanks…

        Liked by 1 person

    • Bill Heffner Says:

      Both? You can’t have both. If they were doing it on purpose and were inept they would not be succeeding so well. No, they are one or the other, but I’ll go with neither. They don’t want to destroy the nation, they just don’t care. Destruction of the nation is collateral damage in their pursuit of power. Both parties care nothing about this nation’s well being, or that if its people. They care only about the acquisition and retention of power. That’s why there is no way out. You can’t vote for the other party because, although their methods are different, their goal is the same.

      Liked by 2 people


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