Oil has a Tesla problem. But when will it hit?
ExxonMobil executives would be wise to worry about the explosive growth of Tesla, which this year surpassed both Ford and General Motors as America’s most valuable car maker.
ExxonMobil executives would be wise to worry about the explosive growth of Tesla, which this year surpassed both Ford and General Motors as America’s most valuable car maker.
Top officials and executives from major oil-producing countries and leading companies said President Trump’s decision to pull out of the Paris climate accord was unlikely to have a major effect on efforts to reduce carbon emissions, as technological advances make cleaner forms of energy more economically viable.
Between them, those Republicans have received nearly $32 million in campaign contributions from the energy sector and $18 million from the oil and gas industry, records show.
U.S. Interior Secretary Ryan Zinke issued a directive aimed at spurring oil and natural gas development in Alaska, including a move to assess just how much crude might be lurking under the Arctic National Wildlife Refuge.
California is holding its ground on tough fuel efficiency requirements for vehicles sold there, in direct opposition to President Trump ordering a review of federal standards, which would likely roll back requirements for carmakers.
President Donald Trump has declared that abandoning the Paris climate agreement would be a victory for the American economy. Many economists have big doubts.
Scientists are expressing increasing skepticism that we’re going to be able to get out of the climate change mess by relying on a variety of large-scale land-use and technical solutions that have been not only proposed but often relied upon in scientific calculations.
So far this year, Southern California has endured 27 days with unhealthful levels of ozone, the hallmark pollutant of smog, making this spring the worst start of a smog season since 2008, according to state data.
If federal fuel economy rules aren’t weakened, US drivers could consume 1.2 million fewer barrels of gasoline per day in 2025 than today. That’s the projection of the Energy Information Administration (EIA), the energy statistics branch of the US Energy Department.
As part of its 2018 budget, the Trump administration is proposing to reduce by half the size of the Strategic Petroleum Reserve, a cushion against global price shocks and supply disruptions.