It was something the Republicans dreamed up to help Big Oil and corporate jet owners.
He explains that they could eliminate tax benefits for oil companies or corporate jet owners or hedge fund managers.
Dutch airline KLM has begun powering some commercial flights on an eco-friendly fuel mix that includes 25% cooking oil and 75% jet fuel.
Neither of these products can be directly distilled into gasoline or fuel oil (kerosen, jet, and diesel) or indeed any other conventional petroleum product.
There are no fixed principles of reason which transcend these differences and which are every bit of true of the billionaire, private-jet riding, oil executive and the saintly, suffering single mom working at the diner for tips.
FORBES: What Debate? Obama v. Romney Was Incumbent Alpha v. Challenge Alpha
What we have talked about is that starting in 2013, that we have gotten rid of some of these egregious loopholes that are benefiting corporate jet owners or oil companies at a time where they're making billions of dollars of profits.
WHITEHOUSE: President Obama��s News Conference on Deficit Reduction
Valero Energy , a refiner that processes lower quality crude oil into products like gasoline and jet fuel.
FORBES: Cheap Oil And 2 Other Investing Themes To Profit From In 2013
Or are we going to ask that others, including oil and gas companies, corporate jet manufacturers or the wealthiest Americans share in the sacrifice?
The firm said it had also been hit by warm weather, which reduced demand for heating oil, and lower sales of jet fuel as the aviation industry struggled to recover from the aftermath of 11 September.
In that same column, I surmised that any new tax revenue would likely be pursued in the form of proposals the President has previously pitched but failed to turn into law, such as eliminating preferences for the oil and gas industries, private jet owners, and private equity fund managers.
The hiatus in air travel could be a rehearsal for a post-jet age if the peak oil theory is correct and we are facing a future with insufficient fuel to put into planes.
In 2004, gasoline accounted for 46.8% of refinery yields, distillate fuel oil accounted for 23.9% and jet fuel accounted for 9.7%.
Flight AC991 from Toronto to Mexico City is expected to generate at least 40 per cent fewer emissions by using jet fuel derived from recycled cooking oil and through other fuel-saving measures, making it the most environmentally-friendly flight ever flown by Air Canada.
ENGADGET: Air Canada embarks on its first biofuel-powered flight from Toronto to Mexico City
And when the Speaker says the discussion about revenue is closed, again, ask Americans around the country whether they agree that it is better economic policy for middle-class Americans to lose their jobs, or oil and gas companies to have their subsidies reduced or corporate jet owners to have their loophole closed.
The prices of refined products like diesel, gasoline and jet fuel, might increase much more sharply than crude-oil futures because of the refining belt that runs along the Gulf.
Houston-based Kinder Morgan operates and owns approximately 24, 000 miles of natural gas pipelines, 8, 000 miles of pipelines that transport refined petroleum products such as gasoline, diesel and jet fuel, and more than 2, 000 miles of pipeline that transports crude oil.
应用推荐