ShareIn Washington, President Barack Obama today signed H.R. 4853, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

Last night, the US House of Representatives voted by a 277 to 148 margin to approve the Obama tax deal, which extends the ethanol tax credit through 2011, and retroactively extends the biodiesel tax incentive and the renewable diesel incentive through 2011. The bill also renewed the 54-cent tariff on Brazilian ethanol through 2011.

Growth Energy CEO Tom Buis was invited to the signing ceremony for the Tax Relief Unemployment Extension Bill. At the ceremony, Buis presented the President with a letter on behalf of the American ethanol industry and its supporters, thanking him for delivering a common-sense ethanol tax policy. Leer más »

By Sorrel Moseley-Williams/Herald staff.Although renewable energy sources haven’t hit the mainstream just yet in Argentina, “the biofuels industry is finally coming together,” according to Carlos St. James, president and founder of the Argentine Renewable Energies Chamber (ATEC).

Although biofuels currently supply just one percent of all energy to the domestic market, according to St. James, legislation will require them to provide eight percent by 2016. In addition, the government recently upped the blend of biodiesel with regular diesel from five percent to seven, an important move in a world increasingly reluctant to be fossil fuel-dependent. Leer más »

The petroleum demand decelerated; the price was duplicated.Â

Starting from the economic world crisis begun in August of the 2007, the price of the petroleum was duplicated: it went from the 70 dollars per barrel to the current historical record of the 140 dollars. What has happened? How is it possible that, before a clear fall of the global demand and the world economic deceleration, such increment in the values of the crude market have taken place? Leer más »