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.
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.
Oil production, the country’s lifeblood, has plummeted as the neglected state-owned energy sector crumbles.
Fuel Freedom Foundation co-founder and chairman Yossie Hollander took moderated a panel discussion on oil markets and geopolitics at the 16th annual gathering. Analyst Bob McNally predicted that “oil prices are likely to be much more volatile in the future than they have in the past.”
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.
Here’s what VW owners need to know about buyback options.
The IMF recently issued a report saying that total worldwide subsidies to energy, mainly fossil fuel energy, amounted to $5.2 trillion a year.
Despite being an issue that knows no borders, affects all and is of vital interest to future generations, the environment was low on the agenda ahead of the UK’s historic vote to leave the European Union.
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.
It’s very difficult to have a calm discussion about ethanol as a fuel. The loudest voices in the room usually belong to someone with a stake in ethanol’s success or failure: Read more →
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.