What’s The Buzz?
On Wednesday July 1, six states will raise their gasoline tax rates. While some drivers may view this as an unwelcome development, the reality is that most of these “increases” are simply playing catch-up with inflation after years (or even decades) without an update to the gas tax rate
Think “electric car” and what springs to mind? A Tesla Model S? Maybe the BMW i3? What you almost certainly do not think of is the Morgan EV3.
Companies miscalculated the groundswell of support for more climate accountability ahead of the U.N. conference on global warming in December, fund managers said.
Oil prices rose on Tuesday after Iran and six world powers extended the deadline for nuclear talks until July 7.
Oil prices tumbled Monday as Greece officials reportedly said the country wouldn’t pay its debts to the International Monetary Fund a day before its deadline to avoid a default that could slam European financial markets and upset the oil market’s recent calm.
It appears that demand for gasoline is more or less inelastic, but that fuel costs represent only a small fraction of the average U.S. household’s budget, according to an analysis by the Brookings Institution.
“Peak oil” theory for production is predicated on the work of legendary geologist M.King Hubbert, who in 1956 employed his now famous/infamous “Hubbert curve” to predict U.S. petroleum production would peak in 1970. For many years he appeared to be correct, but the “shale revolution” is on the verge of proving him premature.
When the EPA proposed lowering the country’s ethanol-use mandates for this year and next, it set up a public hearing to let people tell it what they thought. On Thursday more than 280 people showed up to testify at the Jack Reardon Convention Center in Kansas City, Kan., and most had the same message: “Don’t […]
A plan to reduce the amount of renewable fuels required in the U.S. gasoline supply drew heated condemnation of the petroleum industry Thursday from two governors who said health of the ethanol industry is vital to their states’ economy.
Natural gas drilling only has environmental benefits over other processes like coal and oil production if producers can keep a tight lid on leaks.