- Key Market Prices
- WTI Remains Unchanged as Dollar Strengthens
- Public Policy
- TCEQ Unwilling to Follow New Federal GHG Rules
- IRFA Official: E15 Lawsuit Based on Corporate Greed
- U.S. House Begins Taking Shape for 2011
- Giant Los Angeles/Long Beach Ports Set Diesel Cleanup Hearing for Nov. 22
- Margins & Economics
- Niobrara/Cushing Oil Pipeline Owner Now Trading on NYSE
- BioFuel Energy Posts 3Q 2010 Loss of US$1.8 Million
- Front-Month WTI Flat as Chinese Demand Offset Dollar Gains
Fuels & Processing
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ExxonMobil Announces Service Station GPS App
On November 11, ExxonMobil introduced the "Exxon Mobil Fuel Finder" iPhone and iPod touch application which is now available on the iTunes App Store. The application provides drivers with real-time maps, driving directions and station information for more than 10,000 Exxon and Mobil retail locations across the continental United States
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Repsol's Peruvian CFO Says Refinery, Retailing Expansion Coming
Within a November 11 report, Bloomberg quoted a high level officer within Repsol YPF SA's Peruvian downstream group saying that the company intends to look at both an expansion of Peru's Pampilla refinery and a buildout of its fuel station network to meet growing fuel demand.
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Despite Diesel Squeeze, China’s Oil Demand at Record High
China’s implied oil demand expanded by 12% in October from a year earlier – even as government-mandated power cuts triggered a diesel shortage, according to a November 11 Reuters report. Implied oil use – defined as refinery crude throughput plus net imports of refined fuel – jumped to 8.92 million barrels per day (b/d) surpassing the previous high of 8.91 million b/d in June, the report said.
Feature
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Energy Spectrum Capital’s Honeybone: Investors Come in Three Waves
“When we look at the midstream landscape, there really are two avenues for growth and opportunities. The first is most specific to the Marcellus and other shale plays and that’s greenfield development … the other avenue is acquisition of existing assets,” Mark Honeybone, a partner in private-equity firm Energy Spectrum Capital, said while speaking at Hart Energy Publishing’s DUG East Marcellus Midstream Workshop in Pittsburgh, Pa., last week.
Key Market Prices
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WTI Remains Unchanged as Dollar Strengthens
Transportation & Logistics
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GE to Buy 25,000 EVs by 2015
General Electric announced November 11 that it will buy 25,000 electric vehicles (EVs) for its own corporate fleet as well as for fleet customers by 2015.
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Audi Launches EV Test Center
Hoping to spur commercialization of electric vehicles (EVs), Audi announced November 10 that it has commissioned a new, €65 million (US$ million) EV test center at Ingolstadt, Germany, including advanced drive systems, batteries and power electronics.
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Bosch, Samsung Launch Li-Ion Battery Plant for EVs
Bosch and Samsung announced November 10 that their “SB LiMotive” joint venture has now launched production of lithium-ion battery cells for hybrid and electric vehicles at a factory in Ulsan, South Korea.
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Transit Agencies Win US$25 Million in Grants for Electric Buses, Recharge Stations
Colorado-based electric bus maker Proterra announced November 10 that five transit agencies in Florida, Nevada, Washington and California won more than US$25 million in grants for electric transit buses and recharge infrastructure.
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U.S. EPA EV MPG-CO2 Calculations Seen Flawed
A Boston-based consumer shopping service announced November 10 that both the U.S. Environmental Protection Agency (EPA) and the U.S. National Highway Traffic Safety Administration (NHTSA) failed to employ a sensible metric for measuring “miles per gallon” and net carbon emissions for upcoming electric vehicles (EVs).
Margins & Economics
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Niobrara/Cushing Oil Pipeline Owner Now Trading on NYSE
On November 11, the Class A common stock shares of SemGroup Corp. began trading on the New York Stock Exchange (NYSE) under the ticker symbol SEMG. The listing completes the registration process with the Securities and Exchange Commission commenced by SemGroup earlier this year.
SemGroup Corp. owns a majority stake in White Cliffs Pipeline, the sole crude oil pipeline that connects Colorado’s Niobrara unconventional oil producing region with the U.S. oil hub at Cushing Oklahoma.
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BioFuel Energy Posts 3Q 2010 Loss of US$1.8 Million
Officials with Denver-based BioFuel Energy Corp. reported a third-quarter 2010 net loss of US$1.8 million, versus a net loss of $8.4 million for the same period in 2009.
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Front-Month WTI Flat as Chinese Demand Offset Dollar Gains
NYMEX light sweet crude for December delivery was unchanged at US$87.81 per barrel (/bbl), on November 11, as a report showing Chinese refiners processed a record amount of crude in October offset a stronger U.S. dollar.
Public Policy
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TCEQ Unwilling to Follow New Federal GHG Rules
Texas environmental quality officials said they refuse to implement a program that regulates the largest industrial sources of greenhouse gas (GHG) emissions – continuing to assert that the U.S. Environmental Protection Agency (EPA) lacks the legal authority to regulate GHG under the Clean Air Act.
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IRFA Official: E15 Lawsuit Based on Corporate Greed
A lawsuit challenging the U.S. Environmental Protection Agency’s (EPA’s) decision to increase the amount of ethanol added to gasoline is motivated by greed, the executive director of the Iowa Renewable Fuels Association (IRFA) said November 11.
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U.S. House Begins Taking Shape for 2011
The November 2 midterm elections saw Republicans storm back into power in the U.S. House of Representatives and reduce the Democratic majority in the U.S. Senate – altering the direction of several legislative issues through the appointment of new leadership in House committees – and making it more difficult for the Democrats to gain the 60 votes needed for cloture.
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Giant Los Angeles/Long Beach Ports Set Diesel Cleanup Hearing for Nov. 22
The giant Ports of Los Angeles and Long Beach announced that they’ll reconvene a hearing November 22 to adopt a pioneering “2010 San Pedro Bay Ports Clean Air Action Plan (CAAP)” update, which would slash diesel emissions from both marine and shore-side engines, vessels, equipment and trucks.



