Our goal is acquire and develop stranded or un-recovered oil properties for enhanced oil production, create partnerships with operators, create strategic alliances for primary and secondary recovery, and partner with farm-ins on properties where our technology and others will be utilized to improve recovery efforts. Our goal here is to become an environmentally responsible oil and gas company; utilizing all methods available to improve oil recovery.
U.S. Energy Initiatives will center on the bio-fuel first, then later its oil and gas technologies. We have decided to take this Green alternative path because it provides us with the most successful path possible. We have formed joint ventures with two (2) companies that have significant success in this field, and these relationships are those that will fuel our growth. Prometheus is a producing bio-fuel company located in Temecula, California and Methes Energies is a Canadian bio-fuel equipment producer. Under our Joint ventures with these firms we will develop a bio-diesel producing plant in Southern California with a capacity of producing over 1 million gallons per year. This plant is our primary focus for the first half of 2013.
11 reasons why you should invest in the biodiesel industry
1. Jump in on a growing market: The U.S. biodiesel industry is poised for its most profitable, successful year yet in 2013 with expected record-breaking production volumes thanks in part to the increased federal biomass-based diesel requirement of 1.28 billion gallons (28 percent higher than 2012), the $1 per gallon tax credit and rebounding D4 RIN prices. In addition, favorable blend economics indicate that obligated parties under the renewable fuel standard (RFS2) will find it economically advantageous* to blend U.S. biodiesel over Brazilian sugarcane ethanol to meet their advanced biofuel obligations (2.75 billion ethanol-equivalent gallons), over and above the biomass-based diesel volume requirements, suggesting the possibility of domestic biodiesel production significantly exceeding 1.28 billion gallons. *farmdoc daily
2. Sustainable 10-year growth plan: IHS Global Insight conducted a modeling report for the National Biodiesel Board to help guide EPA with its yearly biodiesel RVO under RFS2 and, in the modeling report, the group determined that there will be enough feedstock available to reach 3.3 billion gallons of U.S. biodiesel production by 2022. Read article
3. The National Biodiesel Board unveiled a new industry target in February 2013, named 10×22, an aggressive but achievable goal that calls for biodiesel to make up 10 percent of the U.S. diesel fuel supply by 2022. Read article
4. Engine makers support biodiesel, why not you? All major OEMs producing diesel vehicles for the U.S. market support at least B5 and lower blends and 79 percent of U.S. manufacturers now support B20 or higher biodiesel blends in at least some of their equipment. Source: NBB OEM support document, Sept. 2012
5. No blend wall here: While the ethanol industry struggles with hitting its blend wall, biodiesel penetration in the 2012 U.S. diesel fuel supply was only 1.9 percent. Given that all major OEMs support B5, achieving a 5 percent biodiesel penetration rate would mean nearly 3 billion gallons of biodiesel production (almost three times greater than 2012 production volumes). Moreover, nearly all the biodiesel used in the U.S. today is consumed by heavy-duty applications, a growing number of which support B20. To reach 20 percent penetration, the U.S. would need to produce 11.5 billion gallons of biodiesel, 10 times more than produced last year. Read article
6. Global ethanol and biodiesel consumption combined will reach 135 billion gallons by 2018. Source: Global Industry Analysts Inc.
7. Biodiesel quality continues to improve: The latest NREL quality survey results announced February 2013 at the National Biodiesel Conference show a record 97 percent of the biodiesel on the market today is within ASTM D6751 specifications. Read article
8. 68 percent of U.S. and Canadian biodiesel productive capacity is BQ-9000-certified, meaning strict quality controls are in place-of the approximately 3 billion gallons of productive capacity in the U.S. and Canada, 1.84 billion gallons is BQ-9000-certified versus 1.24 billion gallons that is not. Source: 2013 Biodiesel Plant Map and the BQ-9000 site of certified producers
9. Greenhouse gas emissions will continue to tighten globally, and EPA has determined that biodiesel from waste achieves more than 80 percent GHG reduction compared to the fossil diesel baseline, while biodiesel made from soybean oil achieves greater than 50 percent GHG reductions. Source: EPA
10. Assurance in the market: Obligated parties, third-party quality assurance plan (QAP) providers, the biodiesel industry and government have worked together to restructure the RIN program to provide more security against potential fraud. A proposed QAP rule was issued in January and a final rule is expected midyear. The proposal offers obligated parties an affirmative defense against civil liabilities from buying, trading or retiring bad RINs, and includes one option that also relieves obligated parties from paying for the replacement of any invalid RINs. Source: U.S. EPA
11. Supporting biodiesel supports economic growth: The biodiesel industry spent an estimated $4.3 billion to produce 1 billion gallons of biodiesel in 2012, without the $1 per gallon federal tax credit in place all year. The biodiesel industry supported approximately 64,000 jobs in 2012, once again without the $1 per gallon tax credit. With the credit, it would have supported another 19,200, totaling more than 83,000 jobs. Source: NBB Fueling Action
Mr. Anthony K. Miller is the Chief Executive Officer and Chairman of the Board of Directors of U.S. Energy Initiatives Corporation (Stock Symbol USEI-OTC) from March of 2012 to the present day; and also CEO of AM Oil Resources & Technology Inc. from 2008 to when it was merged into U.S. Energy Initiatives. From August 2005 to March 2009, Mr. Miller was the Chief Executive Officer of Fire Mountain Beverage Company, a publicly traded company which he co-founded. The company was a producer and marketer of branded bottled water products for itself and private label brands for many well known national retailers. From 1996 to July 2004, Mr. Miller was the President and Director of United States Crude International of Redlands, California, a publicly traded oil production and technology company. Simultaneously, Mr. Miller was the interim President and Director of The Cyber Group Network, a publicly traded company that developed a tracking device for lost computers.
From 1999 to 2008 Mr. Miller served as a Director of Winmax Trading Group, including serving on the Audit Committee . From March 2001 to November 2002 Mr. Miller was a Director of States Power Company Inc., a publicly traded alternative energy company (Bio-diesel) trading on the OTC Bulletin Board.
Mr. Miller received a Masters of Business and Administration in Management from Columbia Pacific University. His expertise includes business management, creating and establishing business structure, start-up consulting, creating a business identity, mergers, reverse takeovers, acquisitions, raising capital, going public, financial reporting, annual meetings, investor relations and creating strategic alliances to stimulate growth.
Ms. Sandra D. Thomas, is the Corporate Secretary and Director of U.S. Energy Initiatives. She is also VP of Operations of AM Oil Resources & Technology and Treasurer, Secretary and VP of Operations for Fire Mountain Beverage Company a publicly traded company (FBVG.PK), major shareholder and Director and founding member of the firm. Ms Thomas holds a Bachelors of Arts in Business Management and has many years of experience in business development. Ms Thomas is responsible for the day-to-day operations of Fire Mountain Beverage Company and is responsible for developing a majority of the company's vitamin flavored product lines, also instrumental in developing new products scheduled to be launched in the later portion of 2008.
Before forming Fire Mountain Ms. Thomas served as Director of Consumer Affairs for Digital Intel Network Solutions (a company involved in interactive digital equipment and advertising) where she was instrumental in creating opportunities in the area of marketing of the company's products and services. Before migrating to Southern California she also worked for Disney's Go.com Internet Group located in Seattle, Washington (a company with proprietary Internet search, programming and design capabilities). Working there as the City Editor, she worked to increase viable content base for Disney's consumers, by adding valuable information and content to their website. These were attributes she pick up as she ran the marketing department for AWOL Records. She was instrumental in securing independent distribution for the underground label raising capital.
With years of business experience under her belt in the private and public sectors she along with her team consults for a number of companies. These services include business management, business structure, start-up consulting, creating a business identity, mergers, reverse takeovers, acquisitions, raising capital, going public, investor relations and creating strategic alliances to stimulate growth. She has been actively consulting for companies for over 4 years and has been instrumental in helping clients raise capital.
Harrison A. McCoy, III (CTO, Partner/Inventor/Consultant/ Chemical Engineer) is the great grandson
and direct descendant of Elijah McCoy, one of America's first African-American engineers who invented the
"Lubricating Cup." The expression -"The Real McCoy" -was coined for the invention of this lubricating cup
that automatically oiled machinery without down time, thus eliminating the need for a mechanic bearing an
oiling can. Mr. McCoy the Former Chairman and Chief Executive Officer of Southern States Power
Corporation has a twenty-five year career working at waste/alternative/renewable fuels and energy
engineering, business development and land development. For his global perspective of the waste, alternative
fuels, energy business and environmental regulatory milieu, Mr. McCoy is invaluable in developing business
opportunities and negotiating enabling contracts with the United States National Laboratory systems, Farm
Cooperatives and the waste management alternative-renewable fuels-energy industries. Mr. McCoy has
developed emerging waste conversion systems/alternative/renewable fuels/energy industries and integrated
hybrid solar, wind and biofuel gen-sets for green "firm' electrical power generation for commercialization.
Mr. McCoy is involved with a number of small companies based in the San Bernardino/Riverside area, San
Diego and Los Angeles, CA. Mr. McCoy has gained a broad knowledge of the major players, politics,
economics and technologies of the waste management-recycling/alternative/renewable fuels and energy remanufacturing
business. Mr. McCoy holds a biodiesel patent (U.S. Patent # 0126790) that includes and
ethanol additive blended to the fuel; thus creating an improved biodiesel fuel product.