Posted on 02/27/2013 5:35:31 AM PST by thackney
Maybe the same as:
Alternative Fuel Excise Tax Credit
http://www.afdc.energy.gov/laws/law/US/319
A tax incentive is available for alternative fuel that is sold for use or used as a fuel to operate a motor vehicle. A tax credit in the amount of $0.50 per gallon is available for the following alternative fuels: compressed natural gas (based on 121 cubic feet), liquefied natural gas, liquefied petroleum gas, P-Series fuel, liquid fuel derived from coal through the Fischer-Tropsch process, and compressed or liquefied gas derived from biomass. For an entity to be eligible to claim the credit they must be liable for reporting and paying the federal excise tax on the sale or use of the fuel in a motor vehicle. Tax exempt entities such as state and local governments that dispense qualified fuel from an on-site fueling station for use in vehicles qualify for the incentive.
(P-Series fuels are a family of renewable, non-petroleum, liquid fuels that can substitute for gasoline. It is a mixture of ethanol, methyltetrahydrofuran (MeTHF), “pentanes-plus”, and butane. The formulas can be adjusted for cold weather and for ‘premium’ blends.)
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Also:
Biodiesel Mixture Excise Tax Credit
http://www.afdc.energy.gov/laws/law/US/395
A biodiesel blender that is registered with the Internal Revenue Service (IRS) may be eligible for a tax incentive in the amount of $1.00 per gallon of pure biodiesel, agri-biodiesel, or renewable diesel blended with petroleum diesel to produce a mixture containing at least 0.1% diesel fuel. Only blenders that have produced and sold or used the qualified biodiesel mixture as a fuel in their trade or business are eligible for the tax credit. The incentive must first be taken as a credit against the blender’s fuel tax liability; any excess over this tax liability may be claimed as a direct payment from the IRS.
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There are so many, and sometimes the names changes on the renewals, that it is hard to keep track of them all:
Federal Laws and Incentives
http://www.afdc.energy.gov/laws/fed_summary
OMG! What a list - there sure is a bunch of ‘em. Anyhow, disregard my stock advice - the market will open low but if CLNE goes below $12, I’m gonna’ put my toe back in.
Re my #59, the last time I said that in my heart I knew something was right, I voted for AuH2O and we know how that turned out.
More on CLNE:
http://www.fool.com/investing/general/2013/02/27/whats-holding-back-natural-gas-vehicles.aspx
Thanks, I agree with what they said.
“The chicken-and-egg problem”
This is the reason I would like to see the Gas-To-Liquids process by Shell, Sasol and/or others to work economically in the US (without subsidies).
If we can use existing vehicles, delivery and distribution infrastructure, only the product needs to be supplied at a competitive price. It doesn’t force consumers to spend money prior to being able to use it.
I don’t actually care which would “win”. My career path is one that would likely benefit from either gaining a market share. Anything of increased oil/gas/petrochem domestic infrastructure is good for me both as a consumer and as worker in the industry. I’ve done a little more gas work than oil over the years. Currently I’m 100% in Alaskan Oil field production, but a significant amount of our projects involve getting more gas to the Kuparuk field area to power the infrastructure.
“...no different that Brazil promoting sugarcane ethanol to get them away from OPEC...”
Sugarcane ethanol...gotta be a better deal overall than using food (corn) to make ethanol...using corn for fuel makes our food costs higher...and it downgrades the quality of the fuel. We pay through subsidies, then we pay again at the grocery store.
Sugarcane ethanol obviously is a better conversion than corn. Besides sugarcane grows like a weed in Brazil.
They have been wanting to export sugarcane ethanol to us, but US corn growers block it.
“US corn growers block it.”
It’s the big ethanol producers like Archer Daniels Midland (ADM) that are the blockers. Ask the livestock producers how happy they are about the use of corn for fuel.
The US has imported sugarcane based ethanol for quite some time.
U.S. Imports from Brazil of Fuel Ethanol
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MFEIM_NUS-NBR_2&f=M
However, the US production of Ethanol has grown to be so large that this import amount is nearly insignificant.
U.S. Oxygenate Plant Production of Fuel Ethanol
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=M_EPOOXE_YOP_NUS_2&f=M
Ethanol Production Stalls in Brazil
http://scitechdaily.com/ethanol-production-stalls-in-brazil/
November 28, 2012
Brazil experienced a biofuel boom in March 2007, topping out at second in world output behind the USA. The fermentation of sugars produced motor fuel that lowered carbon dioxide emissions, and Brazil became a model for how it was possible to stop relying on fossil fuels.
Five years later, biofuels have been criticized and critics charge that devoting millions of hectares of agricultural land to fuel crops is driving up food prices and the climate benefits of biofuels are modest. The policies of the Brazilian government have compounded the effects of the global economic downturn.
The domestic consumption of liquid ethanol in 2012 has been 26% lower than for the same period in 2008 and forty-one of Brazil’s roughly 400 sugar cane ethanol plants have closed during that span. The price of pure ethanol is so high that in most states it’s cheaper to fill up with petrol blends that contain 20% ethanol. The shift back to fossil fuels, combined with the rapid growth in the number of cars on Brazil’s roads, has worsened smog and caused emissions in the transport sector to spike.
Brazil’s ethanol experience is an example of what can happen when climate and energy planning clash with economic decision-making. Problems began with the 2008 economic crisis, which stalled new investments in the sector just as it was expanding rapidly. The industry fell back on harvesting cane from older, less productive sites instead of developing new plantations. Average yields plummeted from 115 tonnes per hectare in 2008 to 69 tonnes in 2012. This has forced Brazil to import 1.5 billion liters of maize ethanol from the USA in the last 2 years.
Been a year since I was in Brazil, then the price of E85 or whatever the max is, was significantly lower than E20. Never saw anyone gassing up with anything but “alcol”.
I would suppose Brazil’s new found offshore oil has them reconsidering ethanol to some degree.
Modern day Howard Hughs?
Overview data for Brazil, Total Oil Production
http://www.eia.gov/countries/country-data.cfm?fips=BR#pet
Brazil, Oil and Other Liquids, Ethanol
http://www.eia.gov/countries/cab.cfm?fips=BR
These together are almost entirely used domestically, but there is plans for greater export. They are building refineries optimized to produce low sulfur diesel for export to Europe (and US if we need it).
So, why is it even legal to do oil business with the likes of the murdering moslems and chicoms?
Ska-rew the "global market".
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