BIO Responds to Navy's 'Green Fleet' Criticisms

Press Release
Wednesday, July 11, 2012

Biotechnology Industry Organization (BIO) supports Navy's demonstration of advanced biofuels during RIMPAC maneuvers

Brent Erickson, executive vice president of the Biotechnology Industry Organization’s (BIO) Industrial & Environmental Section, made the following remarks to confirm his organization's position:

“The criticisms of the Navy’s upcoming demonstration of advanced biofuels leveled by the oil refinery industry have no real merit. Petroleum refinery industry groups are seeking solely to prevent the emergence of competitors within their highly protected and favored markets.”

“Achieving energy security is critical to national security and military readiness, and the domestic advanced biofuel industry is attempting to do its part to help the U.S. military reach its goals. It is clear that our military cannot achieve energy security by continuing to depend on foreign oil. Liquid fuels are needed to fly planes and sail ships, so biofuels are critical components of military energy security.

“U.S. taxpayers spend $80 billion each year for the U.S. military to defend international oil shipping lanes in the Persian Gulf and elsewhere. At the same time, the United States is importing nearly 2 million barrels of oil from the Persian Gulf each and every day. U.S. consumers are essentially paying twice for each barrel of our continued dependence on foreign oil.

“The U.S. military has experienced as much pain at the pump in recent years as every other U.S. consumer, due to the increasing volatility of oil prices. The Department of Defense spent $17.3 billion on petroleum in 2011, a 26 percent increase from the previous year with practically no change in the volume purchased. In the past year, the $30 increase in oil prices resulted in more than $3 billion in additional, unplanned costs for the DoD.

“Access to fuel is only one aspect of energy security. The United States must achieve some measure of control over the affordability of fuel supplies. No matter how much oil is produced in the United States and by our neighbors and allies, OPEC will continue to set world oil prices and exercise control over the affordability of fuel. Do we really want to wait until the price of petroleum fuels has reached $26 per gallon to begin to look for alternatives?"


Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Environmental

Reftrade Upgrades Fleet Refrigeration Systems

Reftrade UK  has made an investment  to upgrade its fleet with environmentally friendly technology. The world’s first refrigeration system to use CO2 as a natural refrigerant,

Liberian Registry Launches Green Ship Initiative

“We have launched a new initiative to help shipowners improve their green credentials and meet other corporate social responsibilities," said Scott Bergeron, CEO

Shell Eyes Arctic Drilling this Summer

Oil major Shell wants to revive its Arctic oil drilling programme this year after a near two-year suspension, angering environmentalists who say the risk of an oil spill is too high.

Fuels & Lubes

Liberian Registry Launches Green Ship Initiative

“We have launched a new initiative to help shipowners improve their green credentials and meet other corporate social responsibilities," said Scott Bergeron, CEO

Stolt-Nielsen Q4 Profit Misses Forecast

Shipping firm Stolt-Nielsen reported fourth quarter earnings below forecasts on Thursday and said it was concerned about the outlook for the chemical tanker market,

Shell: UK Should Reduce North Sea Oil Tax

The British government should review a supplementary tax charge on North Sea oil producers as it has made the operation of some fields unrealistic, Shell Chief

Eye on the Navy

Australia Gives Landing Craft to the Philippines

The Australian Government will gift two recently-decommissioned Landing Craft Heavy vessels, including a package of spare parts, to the Philippines Government,

Dozens Missing off Bangladesh after Boat Sinks

About 40 illegal migrants heading from Bangladesh to Malaysia to look for work were missing on Thursday after their boat sank, police said. A steady stream of

Cutlass Express 2015 Commences

Maritime forces from East Africa, South Africa, Europe, Indian Ocean nations, the United States and several international organizations began the fourth iteration

 
 
Maritime Security Naval Architecture Navigation Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1461 sec (7 req/sec)