Global oil supply is growing at a “breakneck speed” despite a collapse in prices, the world’s leading energy body said on Wednesday, with the glut likely to persist well into 2016 even as demand increases at its fastest pace in five years.
A Toyota executive explains why he believes the Mirai and hydrogen fuel cells will power the alternative fuel vehicle future — and not battery electrics like Tesla.
Crude closed at the lowest level in more than six years in New York as OPEC production climbed while China’s devaluation of the yuan bolstered concern that the world’s second-biggest economy will slow.
The U.S. energy industry was licking its wounds when oil recovered to the $60 level in April. Now, with the price of a barrel back in the $40s, the industry mood is dark, with an outlook for lower oil prices well into next year, meaning more shelved projects, deeper cost cuts and tighter-than-expected funding.
OPEC pumped the most crude last month in more than three years as Iran restored output to the highest level since international sanctions were strengthened in 2012.
It’s crunch time for Tesla Motors. The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles.
As Slate’s Eric Holthaus saw it, “Jeb Bush and Scott Walker both effectively endorsed President Obama’s energy policy,” noting that “all of the above” is “the same language Obama uses.” It’s true that Obama occasionally uses the same phrase, but he means something different when he says it.
Thursday night’s Republican presidential debate was short on discussion of energy and climate policy, but two leading contenders did manage to squeak in some familiar ideas.
The population of a U.S. oil boomtown that became a symbol of the fracking revolution is dropping fast because of the collapse in crude oil prices, according to an unusual metric: the amount of sewage produced.
Talk about complexity. The key plank of President Obama’s climate plan is hardly one-size-fits-all. Its targets vary by state, and its details can be confusing, so here’s a myth-busting guide.
