The OilSpot News by Telvent DTN
Monday, August 1, 2011 VOLUME 10 ISSUE 464  



Murphy Oil to Sell Refinery in Wisconsin for $214 Million
ATA says Truck Tonnage Jumped 6.8% in June from Year ago
Kinder Morgan Restarts Florida Pipeline after Jet Fuel Leak
Crosstex to Expand NGL Pipeline, Fractionation Capacity in Louisiana
DOT: Vehicle Miles Traveled in May Down 1.9% versus Year Ago
Holly to Undertake 2 Pipeline Projects for Crude in New Mexico
Sunoco Logistics Acquires Controlling Interest in Inland


US Retail Gasoline Average Climbs 1.7cts to $3.699 Gallon
US Retail Diesel Average Up 2.6cts to $3.949 Gallon
Propane Supply continues to Build but 9.1% below Year-ago Stock Level


API Study says EPA Rules could Hike Gasoline Prices by 25cts Gallon
House Passes Bill Requiring Decision on Keystone XL Pipeline by Nov.1
EIA Data details First Draw on SPR Crude since June Auction
EPA says River Cleanup continues after ExxonMobil Spill
Pipeline Bill requires them Buried Deeper under Rivers
API says Economic Benefits of Oil Industry Outstrips Earnings
Pennsylvania Commission on Marcellus Shale Releases Recommendations


Economic Indicators


Weekly Rack Postings

Stricter Ozone Rules Pulled
API Blasts EPA Estimates of New Ozone NAAQS Rule Benefits

The American Petroleum Institute released a new study last week challenging the Environmental Protection Agency’s estimates of benefits that new stricter ozone rules will have on the public health.

At a press conference on Thursday (7/28), API hosted Dr. Anne Smith, senior vice president at NERA Economic Consulting, who conducted an analysis of the proposed ozone National Ambient Air Quality Standards, originally scheduled to be issued Friday (7/29).


[FULL STORY]
 

New Rules Target Fracking Operations
EPA said under Court Order to Propose New National Drilling Standards

Source: Wikipedia

The U.S. Environmental Protection Agency proposed national standards for oil and gas drilling operations that it said would reduce air pollution, the EPA said in a news release on Thursday (7/28), with the rules targeting the recent boon in drilling across the United States known as hydraulic fracturing.

The new standards are being issued in response to a court order, EPA said. The EPA said the new standards would rely on cost-effective existing technologies to reduce emissions that contribute to smog pollution and can cause cancer while supporting the Obama administration’s priority of continuing to expand safe and responsible domestic oil and gas production.


[FULL STORY]
 

Fuel Efficiency Standards Announced
Administration sees Sharply Lower Gasoline Demand with 54.5MPG Target

President Barak Obama on Friday (7/29) announced an agreement with 12 major automakers to increase fuel economy to 54.5 miles per gallon for cars and light-duty trucks by model year 2025, according to news releases issued by both the U.S. Department of Transportation and Environmental Protection Agency.

General Motors, Ford, Chrysler, Toyota, Nissan, Honda, Hyundai, BMW, Volvo, Mazda, Mitsubishi and Jaguar—which together account for more than 90% of all vehicles sold in the U.S.—worked with the administration and the state of California on the new standards.


[FULL STORY]
 


After the Commerce Dept. on Friday showed slower US economic growth than thought during the first half of 2011, with Q1 GDP revised down to 0.4%, do you think the Federal Reserve will implement a third round of monetary quantitative easing?
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