Total global sales of EVs/PHEVs amounted to 320,000 units in 2014, an 80 percent rate of growth and on pace to easily exceed 500,000 in 2015. Cumulative sales reached 740,000 vehicles by the end of 2014 and will top 1 million by the middle of 2015. That is still less than 1 percent of the […]
The breakthrough in nuclear talks with Iran on Thursday has the potential to cause a seismic shift in global energy markets over the long term, but energy experts said any appreciable impact on an already glutted global oil market was highly doubtful for at least six months and probably more than a year.
Prices for natural gas, which fuels everything from furnaces to power plants to cars, are falling. But the tide may be turning, with industry watchers seeing prospects for the clean-burning fuel starting to improve in the second half of the year.
Brent oil fell nearly 4 percent on Thursday after a preliminary pact between Iran and global powers on Tehran’s nuclear program, even as officials set further talks in June and analysts questioned when the OPEC member will be allowed to export more crude.
Hydraulic fracturing has unleashed vast new quantities of crude oil and natural gas. The percentage of fuel flowing from shale-rock compared with traditional oil and gas fields has been steadily rising. But lackluster energy demand and low prices are expected to curb growth later this year. Here’s a graphic that helps explain fracking.
PUMP has left the movie theaters and is now available from online outlets. If government and commercial fleet managers, as well as ordinary consumers, see how easy it is to switch, America could be swept by a sea-change reduction in our dependence on foreign oil.
A comprehensive agreement between Iran and the West was always going to be extraordinarily difficult and would involve painful concessions on both sides. But there is some indication that a deal is there to be grabbed if the major world powers want it.
