The Washington Post has an interesting story about the impact of lower gas prices — meaning the overall price drop since June, taking into account the recent uptick — on consumers in Saudi Arabia. While the government might one day have to make a decision about lowering oil output, thus letting prices climb again, regular citizens […]
Oil Gas prices are on the rise again, and consumers, who barely had time to enjoy their savings over the past few months, are taking notice. “It’s still low by our standards,” Pete Diaz of San Jose told the Mercury News. “I’m not complaining — yet.” Diaz paid a little less than $2.20 a gallon […]
Methanol has been a preferred fuel for race-car drivers and teams for decades, for various reasons. In the movie PUMP, racing teams explain that the lower cost, compared with gasoline, is a big selling point. The footage, which depicts the 91st running of the Race to the Clouds on Pikes Peak, in Colorado, in 2013, includes […]
UPDATED 2:21 p.m. PST Friday. Officials say it’s unclear how much ethanol has spilled into the Mississippi River following a train derailment about 10 miles north of Dubuque, Iowa. The 81-car train derailed on Wednesday morning, and 15 cars left the tracks in a remote, wooded area inaccessible by road. Crews had to build a […]
It’s amusing to see analysts at high-powered, influential financial-services companies continue to predict what oil will do, following its 55-percent plunge from June to early February. Here’s a news flash: Nobody knows what it’s going to do: whether the price will spike again, and if so, by how much. They were wrong in the last […]
Flint Hills Resources, a biofuels company owned by the corporation controlled by brothers Charles and David Koch, has purchased its seventh ethanol plant. This week Flint Hills completed its acquisition of the plant near Camilla, Ga., from Southwest Georgia Ethanol. According to Flint Hills’ press release, the plant produces about 120 million gallons of ethanol […]
It might not yet be the “snap-back” we’ve been talking about for some time — that inevitable climb back upward after a seven-month downward spiral — but the price of oil has shot up 19 percent across the last four trading sessions. So maybe start preparing to say goodbye to those savings you’ve been pocketing […]
Energy experts are starting to pay more attention to an important byproduct to U.S. oil extraction: the incredible amount of natural gas that gets burned off into the atmosphere, or “flared,” because it’s not profitable enough to capture at the well head. Forbes contributor Michael Kanellos is the latest to examine the absurd practice, writing: […]
Communities around the country that drove the surge in U.S. oil production are becoming victims of falling global prices. Already this month, oil-and-gas servicing companies Baker Hughes and Schlumberger announced a combined 16,000 layoffs, owing to the steep drop in oil prices. “They gave me 24 hours to leave my house,” John Roberts, a van […]
It’s about time somebody pointed out that gas, while cheaper than it’s been in the past few years, isn’t all that cheap, really. If you look at history. New York Times business columnist David Leonhardt did just that, pointing out that the national average for regular unleaded — $2.03 per gallon — is “still more […]
