The single most effective action that most Americans can take to help reduce the dangerous emissions that cause climate change? Buy a more fuel-efficient car. But consumers are heading in the opposite direction.
Oil prices fell about 5 percent in New York’s morning trade on Friday after Britain’s vote to leave the European Union led to huge risk aversion and rally in safe havens like the U.S. dollar that could derail a three-month long recovery in global oil markets.
The new Saudi oil minister, Khalid Al-Falih, says the oil glut is over. That means the kingdom’s war against U.S. shale producers is coming to an end, too.
German automaker Volkswagen Group is expected to deliver a $10 billion settlement to cover government fines and compensate owners of vehicles fitted with software that cheated emissions standards, according to multiple reports.
Sales are growing very quickly and many new models are coming on line, while battery technology is improving rapidly, with costs falling sharply and energy density rising.
A judge has ruled that federal regulators lack the authority to set rules for hydraulic fracturing, dealing another setback to the Obama administration’s efforts to tighten how fossil fuels are mined.
Repurposed batteries could create a new revenue stream for EV customers. But it’s not yet clear how the buyback program will work.
Drivers are actually fairly good at postponing filling up to see if they go down again. And if they don’t go down, consumers will adapt their behavior to buy less gas.
The worst oil bust since the 1980s is putting Texas and other oil producing states on the hook for thousands of newly abandoned drilling sites at a time when they have little money to plug wells and seal off environmental hazards.
If the U.K. public votes to leave the European Union (EU) on Thursday, Societe Generale’s head of oil market research predicts the price of would fall — but not for long.
