Norway offered a record number of blocks for oil and gas exploration in the Arctic Barents Sea on Wednesday, brushing off concerns about the risks of drilling in the remote, icy environment.
The biggest wild card in the equation — one that could tip prices at the pump from one day to the next — is oil-rich Libya, among the most unstable countries in North Africa.
Alliance Bio-Products says its fuel will be cheaper than oil–and that there’s enough yard waste in the country to make more than we need.
U.S. environmental chief Scott Pruitt met in March with oil executives over dinner in Trump International Hotel, just as he was moving to relieve the industry of one of its biggest Obama-era regulatory burdens: a requirement to curtail methane leaks.
Older adults may be more likely to have bleeding stomach ulcers on days when the air has higher levels of nitrogen dioxide, a pollutant produced by car exhaust and power plants, a recent study in Hong Kong suggests.
Once upon a time, diesel fuel was going to be the future. It was seen as more efficient, on a mileage-per-gallon basis, than other fossil fuels, and for that reason was also thought to be less polluting.
At a recent conference in Taipei, covering the fringes of cars and high-tech, a bespectacled, white-shirted man climbed on stage, and announced that his car “is not a Tesla fighter. It is a Tesla beater.”
Picture a three-year-old tug of war waged across the globe that leaves both sides wobbly and scarred but unmoved. That’s one way of looking at the high-stakes competition between the world’s big oil exporters and the companies drilling in American shale fields.
What’s the right way to think about the long-term price of oil? This question consumes the industry — and markets — no matter what prices are on any given day.
Imagine you’re leaving Washington, D.C., for a weekend getaway on May 30. You pull into a Sheetz station and notice there’s a new fuel option. It’s 88-octane, 10 cents cheaper, and the fuel label tells you it’s E15 (15 percent ethanol) and suitable for use in all vehicles made in 2001 or later.
