When President Trump made a speech a few weeks ago to kick off his push for an overhaul of the tax code, he chose a telling backdrop: An oil refinery in North Dakota, a state that over the past decade exploded from backwater to boom town thanks to a massive spike in oil production.
Dyson is attempting to crash the party at a time when traditional carmakers are embroiled in an EV arms race.
After nearly a century of building vehicles powered by fossil fuels, General Motors — one of the world’s largest automakers — announced Monday that the end of GM producing internal combustion engines is fast approaching.
Tesla had said in August that it should be able to achieve production of around 1,500 cars during the quarter, so it clearly undershot its earlier target.
The oil market is battling with a paradox: what happens when the unstoppable force of OPEC production cuts and soaring global demand meets the immovable object that’s U.S. shale?
When crude prices crashed in early 2016 to $27 per barrel, most industry executives said the world had seen the last of oil at $100.
If Texas’s Permian Basin is Exhibit A for the U.S. oil boom that refuses to die, then the Eagle Ford, a smaller shale patch some 400 miles to the east, represents all those places that have been left behind.
With the notable abundance of alternative-fuel cars on this list, it sure seems like cost is still a high barrier keeping people from adopting electric and plug-in hybrid cars on a more widespread scale.
Interior Secretary Ryan Zinke chartered a flight from Las Vegas to near his home in Montana this summer aboard a plane owned by oil-and-gas executives, internal documents show.
In an email to employees, the man in charge, James Dyson, confirmed that the company is working on an electric car, which had been rumored since the company’s mention by British infrastructure grant documents.
