OPEC’s last cut shows oil market could get a whole lot messier
Anyone planning to trade the outcome of this week’s OPEC meeting might consider the lessons of the group’s last production cut. Then take a deep breath.
Volkswagen exec: some company strategists project EV cost parity with diesel by 2023–2025
In a conversation at the recent AutoMobility LA event, the Executive Vice President of the NA Engineering and Planning Center, Volkswagen Group of America, Dr Matthias Erb, stated that some strategists at the company were expecting cost parity between battery-electric and diesel vehicles to be reached by 2023–2025, owing to increasingly strict emissions standards.
Volkswagen will build EVs in North America starting in 2021
Volkswagen introduced its new e-Golf at the LA Auto Show last week and today the automaker announced more plans for its electric vehicles in North America. As part of its plan for the next decade, the company wants to “evolve from a niche supplier into a relevant and profitable volume producer.”
New research could make ethanol production more efficient and economic
New research at the Integrated Bioprocessing Research Laboratory (IBRL) on the University of Illinois Urbana-Champaign campus could significantly change ethanol production by lowering operating costs and simplifying the dry grind process.
EPA sets new biofuel targets. Troubled program could end up on Trump’s chopping block
The Environmental Protection Agency set new 2017 targets for biofuels, part of a troubled and complex program to promote non-corn-based ethanol and biodiesel that has fallen far short of the goals Congress adopted in 2007. Moreover, the byzantine enforcement program, strongly criticized by many oil refiners, could end up on President-elect Donald Trump’s chopping block.
Volkswagen outlines plans to boost profit, push into electric cars
Volkswagen AG’s namesake brand will make an aggressive push in the U.S. and begin a concerted shift toward electric vehicles as it looks to revive its brand and recharge its bottom line.
Electric cars are about to dent global gasoline consumption
Gasoline is like some kind of drug: we know it’s bad for the planet, but we just can’t give it up. Now a number of voices from the energy industry suggest that our addiction could begin to ease, thanks to the rise of electric cars.
Chevrolet and GMC fleet trucks, vans soon to be available with CNG
General Motors plans to start offering fleet customers heavy-duty pickups and full-size vans powered by compressed natural gas and liquefied petroleum gas.
The gulf oil spill literally caused wetlands to sink beneath the waves, scientists say
Six years after the Deepwater Horizon oil spill devastated the shore of the Gulf of Mexico, scientists are still taking stock of the damage it caused.
How big oil loses even without peak demand
When you’re the International Energy Agency, you have to go out on a limb and peer a quarter-century ahead. The latest World Energy Outlook, published on Tuesday, weighs in at a magisterial 667 pages of detailed analysis and scenarios. I’m going to focus specifically on one aspect: oil supply and demand.
