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Hofmeister: U.S. must not be victimized by ‘contrived’ oil market

The global oil trade is a “contrived market” not subject to the usual laws of supply and demand, and the United States has an “absolute requirement” to use alternatives if it hopes to wean itself off imported oil, former Shell Oil president John Hofmeister said during the keynote speech at the National Ethanol Conference. Read more

The EPA’s crackdown on race cars, explained

SEMA announced a pending EPA rule that, in the interest of reducing greenhouse gas emissions, would “prohibit conversion of vehicles originally designed for on-road use into racecars” and “make the sale of certain products for use on such vehicles illegal,” in their words. Naturally, this sparked a wildfire of controversy in the tuning and racing communities.