The key to reducing oil imports to zero
Imagine the U.S. without a single barrel of imported oil. From 50% imports in 2007 to 30% imports today to 0% in the mid-2020s – 50 years of geopolitical leverage from OPEC can be gone for good.
Imagine the U.S. without a single barrel of imported oil. From 50% imports in 2007 to 30% imports today to 0% in the mid-2020s – 50 years of geopolitical leverage from OPEC can be gone for good.
The Obama administration is set to block the sale of new oil and gas drilling rights in U.S. Arctic waters under a five-year blueprint, handing a victory to environmentalists who said the activity threatened whales, walruses and other wildlife in the region.
The Interior Department on Wednesday announced a settlement with Devon Energy for the cancellation of leases in Montana for oil and gas drilling on lands considered sacred by the Blackfeet Tribe.
On one hand, the market share for electric cars is minuscule. On the other, big automakers are aggressively pushing their electric cars. What gives?
According to a report released this week by the U.S. Energy Information Administration, U.S crude oil production in 2015 reached its highest level since 1972.
Electric car maker Tesla Motors has decided to stop offering unlimited free use of its 734 fast charging stations worldwide, just months before it’s scheduled to start selling a mass-market electric car.
A major fuel artery connecting refineries on the Gulf Coast to airports and gas stations on the East Coast was closed Monday, sending gasoline prices surging higher.
Oil prices tumbled 3 percent on Wednesday after a record weekly build in U.S. crude stocks added to worries of all-time highs in OPEC production that suggested little could be done to rein in a global glut.
A pipeline explosion on Monday shut down the flow of gasoline and diesel along the East Coast, potentially impacting prices at the pump for weeks.
Tesla Motors sold just 1,650 cars in the U.S. in October, according to Inside EVs, which tracks monthly sales of electric cars. That’s well below the 7,500 cars it sold in the U.S. in September, the data show.