What’s The Buzz?
Californians used more gas during the last fiscal year than it has in recent years. In fact gas consumption rose 2.4 percent in 2014-15, the largest yearly increase since 2003-04, according to California State Board of Equalization Vice Chair George Runner.
Oil prices were down 2 percent on Monday as supply overhang concerns grew after a Saudi-Venezuela meeting at the weekend showed few signs of coordination to boost prices.
Current bargains at the gasoline pump make now an ideal time for the United States to increase its investment in clean energy through a tax on crude oil, President Barack Obama said Friday.
The United States is setting new milestones that suggest a fundamental, and possibly permanent, shift in its energy economy.
With oil hovering at $30 a barrel and gasoline below $2 a gallon, the pleasure of lower fuel prices is turning painful for more of the U.S. economy.
Oil production from two key shale fields in Texas and North Dakota is on the decline, according to analytics firm Platts Bentek.
This year will be another hard one for the oil majors as they cut spending.
Warning: Watch your mouth when you talk about Tesla online. If you say the wrong thing, Elon Musk could bring down the hammer and block you from buying one of his precious electric cars.
Ask almost anyone in the oil business, and they will say a bust is always followed by another boom. But what if the industry has only one big cycle left?
Chasing Tesla and General Motors, Ford hopes a $4.5 billion investment will help it leapfrog to the front the pack when it comes to developing electrified cars.