6 new fuel technologies that could be game changers
The world is filled with rapidly advancing technologies, and the transportation fuels sector is no exception. A few more innovations like these, and our oil addiction will be a thing of the past.
Oil prices jump more than $2 a barrel
Oil prices broke out of a month-long trading range on technical buying and industry talk as well as U.S. government data suggesting the global supply glut could be ebbing.
Texas shed 28,300 oil and gas jobs since December
The oil slump has claimed at least 28,300 oil and gas jobs in Texas since December as the industry continues to pare back amid the worst downturn in years, according to the latest estimates released by an industry group.
Frackers could soon face mass extinction
An analyst says one-third of the companies could be bankrupt by the end of next year.
The wealthiest households claim 90 percent of tax credits for buying electric cars
Almost all of those benefits are going to the wealthiest U.S. households, according to an analysis by University of California, Berkeley, professors Severin Borenstein and Lucas Davis.
Fracking firms that drove oil boom struggle to survive
A wave of bankruptcies and closures is sweeping across the oil patch, with dozens of hydraulic-fracturing companies at risk, industry experts say.
Exxon Mobil scraps plans for temporary fix to damaged Torrance refinery
Just when Southern California motorists were expecting to see some relief from high gasoline prices in the next few weeks, they now may have to wait well into next winter — at least.
Let’s bring competition to the fuel pump
Why are we asking the question “What do we do when oil prices once again crush the global economy?” The answer is simple: It is as inevitable as the sunrise.
VW’s ousted CEO is probably getting a $32 million pension
Martin Winterkorn, the CEO of Volkswagen who resigned today amid allegations that the company cheated emissions testing for 11 million diesel-powered cars, stands to take home a $32 million pension.
VW says 11M vehicles impacted, will take $7B charge
Volkswagen AG said Tuesday that 11 million diesel vehicles worldwide may have evaded emissions rules.
