The symbolism was obvious. GM, which is racing against Tesla to win the burgeoning market for lower-priced all-electric cars, delivered its first three Chevy Bolt EVs to a dealership in Fremont, California, on Tuesday. That’s the city that is home to an assembly plant that will soon start building Tesla’s all-electric car, the Model 3.
Imploring President Barack Obama to leave a landmark environmental legacy, Gov. Jerry Brown on Tuesday asked the president to permanently ban all new offshore oil and gas drilling in federal waters off California’s coast before he leaves office next month.
After hitting lows earlier this year, gasoline prices are on the march upward again and are poised to approach $3 per gallon in parts of the country in early next year following multiple deals to cut oil production, analysts said.
The International Energy Agency said Tuesday that it expects the global crude oil glut to start disappearing in the first half of next year, much earlier than it previously predicted.
ExxonMobil placed a risky bet on the tar sands of Canada, even though they contain some of the dirtiest oil in the world and the company’s own scientists had documented the link between fossil fuels and global warming.
Hydraulic fracturing to drill for oil and natural gas poses a risk to drinking water in some circumstances, but a lack of information precludes a definitive statement on how severe the risk is, the Environmental Protection Agency says in a new report that raises more questions than answers.
It seems like a big deal. But the joint production cut from OPEC and non-OPEC countries — the first in 15 years — might push up the price of oil less than the nations involved are banking on.
Pacific Ethanol Inc. announced it’s expanding its Midwest operations Monday by acquiring a Nebraska grain elevator, a move that would increase its access to the raw material for its ethanol while strengthening ties with the agricultural community.
U.S. gasoline consumption has been growing at the fastest rate for more than a decade as lower fuel prices and an expanding economy have combined to produce a big increase in demand.
The “zero emissions” claim grates on some experts, who have continued to argue over whether electric cars are really more environmentally friendly than gas guzzlers, once the manufacturing process for the vehicles and their batteries are taken into account.
