U.S. oil falls to lowest price since 2009
Crude closed at the lowest level in more than six years in New York as OPEC production climbed while China’s devaluation of the yuan bolstered concern that the world’s second-biggest economy will slow.
Oil collapse couldn’t come at worse time for industry
The U.S. energy industry was licking its wounds when oil recovered to the $60 level in April. Now, with the price of a barrel back in the $40s, the industry mood is dark, with an outlook for lower oil prices well into next year, meaning more shelved projects, deeper cost cuts and tighter-than-expected funding.
OPEC supply reaches 3-year high as Iran pumps most since ’12
OPEC pumped the most crude last month in more than three years as Iran restored output to the highest level since international sanctions were strengthened in 2012.
An oil boomtown that became a symbol of the fracking revolution is dropping fast
The population of a U.S. oil boomtown that became a symbol of the fracking revolution is dropping fast because of the collapse in crude oil prices, according to an unusual metric: the amount of sewage produced.
Support fuel choice for a chance to win a $50 gift card
Pearson Fuels is a big believer in the power of drivers like you choosing better alternatives, and they’re celebrating new contracts with five stations in the Sacramento area by offering E85 for 85 cents per gallon on Wednesday August 12 from 8 a.m. to 5 p.m.
If you have a flex-fuel vehicle, you can save big by filling up at one of the Pearson-affiliated stations listed below.
Even if you don’t have an FFV, you can still enter our contest to help raise awareness about the need for more alternative fuel stations.
It’s easy. While you’re at the station, snap a photo of yourself at the pump and post it on Twitter, Instagram or Facebook along with the hashtag #flexfuel4all for a chance to win a $50 gift card from Amazon.
The participating stations are:
- Shell: 5103 Fair Oaks Blvd., Carmichael, CA 95608
- Shell: 730 29th Street, Sacramento, CA 95816
- Shell: 3721 Truxel Road, Sacramento, CA 95834
- Shell: 800 Ikea Court, West Sacramento, CA 95691
- Oliver Gas: 1009 Oliver Road, Fairfield, CA 94534
Good luck!
Tesla cuts annual production forecast; second-quarter loss widens
Tesla Motors Inc.’s second-quarter loss nearly tripled as it invested in launching a sport utility vehicle, releasing new versions of its flagship Model S sports sedan and constructing a giant battery plant near Reno.
Bikers, boaters and Big Oil unite in fight against U.S. biofuels
Count bikers, boaters and, to hear some say, even God, among those who oppose the U.S. law that forces refiners to use corn to make gasoline.
The global addiction to energy subsidies
Governments have devised several different ways of giving handouts for fossil fuels.
Oil to hit low $30s by the end of 2015: Kilduff
The prospect of oil prices falling below $40 receded earlier this year amid a crude rally, but with futures sliding again, investors shouldn’t rule out a three-handle, Again Capital founding partner John Kilduff said Thursday.
With no sign of oil price rebound, Shell wields axe again
Royal Dutch Shell is to axe 6,500 jobs this year and step up spending cuts as it seeks to reassure investors it can withstand an extended period of lower oil prices, even through its planned $70 billion acquisition of BG Group.
