10/4/2012

Californians could face even higher gasoline and diesel costs when new low carbon fuel regulations gain traction Jan. 1, warn fuel experts at the Oil Price Information Service (OPIS), which says studies show price hikes of as much as $1 per gallon for gasoline and $2 per gallon for diesel could be on the way

The California Low Carbon Fuel Standard aims to cut greenhouse-gas producing emissions from motor fuel by 10% between now and 2020. It was part of Assembly Bill 32 (AB 32), the Global Warming Solutions Act.

It aims to do this by setting an increasingly tighter cap on carbon emissions from motor fuels for sale in the state. Alternative fuels such ethanol or biodiesel are assigned Carbon Intensity (CI) scores based on the amount of carbon dioxide they pout out. Fuels that fall below CARBs cap generate credits and those who have a CI higher than the cap generate a deficit.

Critics say the low carbon fuel standard will have the unintended side effect of driving up pump prices as restrictions on crude oil feedstock tighten supply. High-carbon crudes like those coming from oil shale fields will result in a higher CI rating for the petroleum products they produce.

Others predict that the new standard will drive growth in the biofuels industry.

A recent report from Environmental Entrepreneurs (E2) notes that biofuel production capacity has increased from 437 million gallons last year to more than 685 million gallons. By 2015, the industry has the potential to produce 1.6 billion to 2.6 billion gallons -- and California's LCFS as well as the federal Renewable Fuel Standard create an incentive for investors and biofuel companies to continue to innovate and increase biofuel production, which in turn they say will drive down costs and carbon emissions.

from TruckInfo.com

 

Oh for God's sake. VOTE ROMNEY!

 

 

they got you either way. Keep your ride, and pay out your **** at the pumps, OR dump your rides, buy a new POS volt, at the tune of 20k+...

 

sigh......

 

Why anyone wants to live in that RED TAPE state is beyond me!

What makes me mad is the tree huggers in surrounding states wanna mimick it!

 

i guess they are trying to kill all the businesses in CA.
people will just leave and take the money to another state that they can make money.
$100 says that the goober that voted for the law drives a GMC V8 gas sucker that the tax payers pay for.
your better grab the soap

 

OT- Here in UT there is a coal fired electric plant in the middle of the desert that supply's NV and CA with power. Its been mentioned in the news that CA residents would rather pay MORE for clean green power, than "dirty" power even from a neighboring state...lol!

 

they have all ready taken care of that there closing the coal power plants.
Institute for Energy Research | Powerplants to be closed as a result of EPA’s regulations

– Barack Obama speaking to San Francisco Chronicle, January 2008 **Update June 12, 2012**
Download the Updated Report as a PDF
More than 34 gigawatts (GW) of electrical generating capacity are now set to retire because of the Environmental Protection Agency’s (EPA) Mercury and Air Toxics Rule (colloquially called Utility MACT)[1] and the Cross State Air Pollution Rule (CSAPR)[2] regulations. Most of these retirements will come from coal-fired power plants, shuttering over 10 percent of the U.S.’s coal-fired generating capacity.
This report is an update of a report we issued in October 2011.[3] Last October the original report, we calculated that 28.3 GW of generating capacity would close as a result of EPA’s regulations. At the time, we warned that “this number will grow as plant operators continue to release their EPA compliance plans.” Unfortunately, this statement has proven to be true. This update, a mere eight months later, shows that 34.7 GW of electrical generating capacity will close—a 6.4 GW increase.
According to EPA, their modeling of Utility MACT and CSAPR indicates that these regulations will only shutter 9.5 GW of electricity generation capacity. But events in the real world already show that EPA’s modeling is a gross underestimate.

 

I knew I had to leave California about twenty years ago...bought acreage in Nevada, then retired and took my pension with me.

Yep, they try that **** here too! What really pisses me off is when they move here and then try to change things here so it will be screwed up like California. My truck's bumper sticker: "We don't give a damn how you did it in California"

 

LOVE IT!!!!

 

I cant even defend CA. +$2.00/gal is doubtful, but they are still a bunch of idiots...

 

What's dumb about the boost in biofuels argument is that CA is the one state where I've had the hardest time finding biodiesel. Just about every other state its easy to find. Not here.

Idiots

 

Agreed. Its hard to find, and if you do find it, its higher than #2.

 

Awesome. Isn't CA just for celebrities?


Here in the Cotulla / Carrizo Springs area of TX, the oil and gas industry is booming. Thousands of jobs have been created. The bunny humpers, however, discovered a field mouse no one has ever heard of. If they get their way, they will shut everything down!