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The Future of Energy: Policy, Technology & Cost

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Oil surrounds the site of the Deepwater Horizon oil spill in the Gulf of Mexico near the coast of Louisiana, Monday, May 31, 2010. (AP Photo/Jae C. Hong)

Fuel prices may be heading even higher that we currently experience as the Tier III Gas Regulations from the EPA goes into effect. This regulation will require that sulfur in gasoline be reduced from the current 30ppm to no more than 10ppm. The refinery industry put the cost of compliance with this new rule at about $10 billion initially and around $2.5 billion annually. Of course, those costs will be passed on to consumers and some industry economists have claimed that $6 dollar or $7 dollar per gallon gasoline prices will become normal averages in most US cities.

While no decision has been made yet regarding coal ash, the EPA has signaled it is seriously considering declaring coal ash a hazardous substance. The EPA has promised to issue a final rule regarding their decision. If the agency does indeed find coal ash hazardous, the impact to coal fired plants and mines would be significant due to the increased regulation and costs associated with capturing and disposal of a hazardous material.

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Posted by FanSite on Apr 1st, 2013 and filed under Feature Story. You can follow any responses to this entry through the RSS 2.0. You can leave a response by filling following comment form or trackback to this entry from your site

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