And the EV revolution will be led by… Volvo?
When people talk about electric vehicles, the conversation usually revolves around companies like Tesla, GM/Chevrolet, and Nissan who, thus far, have dominated the EV market.
OPEC is about to crush the U.S. oil boom
After a year suffering the economic consequences of the oil price slump, OPEC is finally on the cusp of choking off growth in U.S. crude output.
Gasoline prices drop to six-year low
Gasoline futures tumbled to a six-year low, extending a selloff spurred by increasing supplies and concerns about weakening demand.
RFA responds to Big Oil-funded University of Tennessee study
“Petroleum industry-funded studies like this University of Tennessee report fail to take into account the positive role that biofuels like ethanol play in the fight against climate change.”
No sea change for oil
In its latest report, the IEA mentioned that some oil at European and Asian trading hubs was now being stored on vessels, despite prices not really justifying the cost. The implication is that regular storage tanks are getting a tad full.
Are the oil majors rigging the free market?
The big oil companies aren’t blind to the threat posed by ethanol. And now it appears they’re doing all they can to hamstring wider access to the fuel by artificially increasing the price of E85 at their gas stations.
California’s gasoline imports increase 10-fold after major refinery outage
Over a five-month period following an explosion at a California oil refinery in February 2015, imports of gasoline into California increased to more than 10 times their typical level, drawing from sources that include India, the United Kingdom, and Russia.
Loophole gives some buyers of Tesla’s Model X a $25,000 tax deduction
Elon Musk and Tesla Motors, masterful at mining state and federal tax incentives, may have lucked into a tax loophole. The company’s new $100,000-plus Model X electric SUV qualifies for a $25,000 federal tax deduction. That’s on top of a $7,500 federal tax credit and a $2,500 California rebate given to buyers of battery-electric vehicles.
U.S. oil output on brink of ‘dramatic’ decline, executive says
Oil executives are warning of a “dramatic” decline in U.S. production that could pave the way for a future spike in prices if fuel demand increases
Why lifting America’s ban on oil exports won’t matter
As long as the U.S. remains a net importer of petroleum, an unfettered global market will produce only niche areas where export of U.S. crude makes any economic sense.
