Big Oil finding money for biggest projects
There are signs the deep freeze in oil-industry spending is beginning to thaw.
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Hofmeister: Take advantage of cheap gas while you can
“People should enjoy it and have a good time and drive safely, because these prices are probably about as low as we’re going to see for quite some time to come.”
EIA: Oil production in continental U.S. has fallen sharply since 2015 peak
Oil production in the nation’s lower 48 states has dropped by 800,000 barrels a day in the 12 months after it peaked, one of the biggest reasons why the world’s oil glut has eased.
A Tesla fatality and the future of self-driving cars
Federal officials are investigating a crash that killed the driver of a Model S, a Tesla vehicle with a partially autonomous driving system, in a move that has major implications for the future of driverless vehicles.
California attorney general subpoenas oil refiners in gas-price probe
California Atty. Gen. Kamala Harris has issued subpoenas to oil refiners as part of an investigation into unusually high gasoline prices in California during the last year.
Alaska governor limits annual oil-wealth checks to $1,000
Facing a multibillion-dollar deficit, Alaska’s governor has cut in half the annual checks that give all residents a share of the state’s oil wealth, but he kept enough money in place to award everyone a $1,000 payout.
Enjoy the low gas prices. They won’t last.
It should be a time of celebrations, party hats, and road trips: Gas prices are expected to be their lowest for the Fourth of July weekend in more than a decade. Read more →
U.S. gasoline demand is likely to slide
Electric cars are poised to reduce U.S. gasoline demand by 5% over the next two decades—and could cut it by as much as 20%—according to a new report being released by energy consulting firm Wood Mackenzie.
Gas prices falling just in time for Fourth of July weekend
At a time of year when motorists expect gas prices to rise, prices have actually been falling, just in time for the Fourth of July when many will be hitting the road.
How Volkswagen owners can get compensation from the emissions scandal settlement
Here’s what VW owners need to know about buyback options.
