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New and Updated Market Reports

January 24, 2012

Market Research Media presents new and updated market reports:

Cloud Computing Market

Defense Market

Emerging Technology

Federal IT Market

High Performance Computing (HPC) Market

U.S. Federal Cyber Security Market

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Quantitative Research Analyst

January 26, 2012

Responsibilities
Develop and refine core quantitative investment tools
Develop approaches for measuring, analyzing, managing, and reporting fund risks
Create new techniques for analyzing performance relative to competitors Read the rest of this entry »

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U.S. Ethanol Dampens Global Crude Oil Prices

January 13, 2012

By Lihong Lu McPhail

biofuel productionEthanol is the world’s most widely used liquid biofuel in the transportation sector. A recent ERS study found that increasing ethanol in the U.S. gasoline supply would lead to lower crude oil prices than would otherwise have been the case. A one-time 5-percent increase in U.S. ethanol use will lower the crude oil price by an estimated 8 cents per barrel over 12 months.

The U.S. is the world’s largest ethanol producer and currently holds a 57-percent share of global ethanol production. In 2010, about 13 billion gallons of ethanol were blended into the U.S. gasoline supply, accounting for about 9.5 percent of gasoline consumption. The Renewable Fuel Standard (RFS) established by the Energy Independence and Security Act (EISA) of 2007 mandates annual use of 36 billion gallons of renewable fuel in the U.S. by 2022. If the RFS is met, ethanol’s share of U.S. gasoline consumption could reach 25 percent within the next 10 years.

The impact of U.S. ethanol use on crude oil markets will become important as the portion of gasoline blended from ethanol grows from its current level of around 10 percent to the RFS level of 25 percent by 2022. Given the role that petroleum prices can play in economic growth prospects, global economic forecasts should take into account the outlook for the U.S. ethanol industry because of its effect on crude oil prices. Fluctuations in crude oil prices affect global consumption, production, and trade patterns. Abnormally high prices can contribute to downturns in the world economy.

ethanol market

Source: U.S. Ethanol Dampens Global Crude Oil Prices, Economic Research Service, United States Department of Agriculture

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