Oil in $20s a risk as Citigroup sees crude storage tanks fill up
U.S. oil prices may fall into the $20s if tanks used to store crude start to fill up before producers sufficiently curb output, Citigroup Inc. predicted.
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Entries by Fuel Freedom Staff
Report: Atlantic drilling would offer $0 to states, not $19 billion
A new report from the Center for a Blue Economy suggests that the southern Atlantic states — Virginia, North Carolina, South Carolina, and Georgia — would see little to no benefit from offshore drilling, while putting a critical piece of their economies and lifestyles at risk.
Cheap gas spurs SUV sales and puts U.S. climate goals at risk
Surging demand for trucks and SUVs fueled by cheap gasoline is holding back improvements in U.S. fuel economy and greenhouse gas emissions, a government report due out on Wednesday is expected to show.
Fiscal deal will end crude oil export ban, Ryan says
It lifts the 40-year-old ban on exporting U.S. crude, a long-sought GOP goal.
The Paris agreement is the shove the world needs
The big criticism of the landmark Paris climate deal is its lack of enforcement mechanisms. If India keeps burning coal like crazy, it won’t face fines or sanctions. Nobody is going to invade Nigeria if it fails to lower emissions. What the critics don’t understand, however, is that this is a feature, not a bug. […]
Switching the world to electric vehicles will take way longer than you think
If laws were passed tomorrow to limit the number of new internal-combustion cars, it would likely take almost two decades to bring half the overall fleet in that jurisdiction to electric propulsion.
GM sells a few hundred delayed bi-fuel Chevy Impalas
General Motors Co., which delayed the rollout of the 2015 bi-fuel Chevrolet Impala for about a year, has now delivered to customers about 200 of the vehicles that can run on compressed natural gas or gasoline.
Government flex-fuel vehicles must use E85 where available
With nearly 30 percent of government vehicles being flex-fuel vehicles, the regional transportation director wants to remind those driving government flex-fuel vehicles to fill up with E85 fuel where it is available.
Texas oil company wants to build artificial island off Alaska to drill for black gold
A Texas oil company could soon start the first petroleum production in federal Alaskan waters. Hilcorp wants to build a gravel island in the Beaufort Sea for production purposes, with the hope of yielding up to 150 million barrels of oil over 15 years.
Africa is last frontier for carmakers on the hunt for growth
“Africa really is the last automotive frontier,” Mike Whitfield, Nissan’s head of sub-Saharan Africa, said in an interview. “You still have a very un-motorized population.”
