The consequences of Big Oil’s exploding debt
How do you ride out low oil prices and still pay dividends and CEO salaries? You double down on debt, apparently.
Archive for month: August, 2016
Nissan revolution: Could new gas engine make diesel obsolete?
Japanese automaker Nissan Motor Co. has come up with a new type of gasoline engine it says may make some of today’s advanced diesel engines obsolete.
Time to repeal U.S. oil and gas tax breaks
Advocates for reform argue the preferences hinder climate goals and waste $4 billion a year. Defenders of the tax preferences argue that repealing them would decimate domestic oil and gas production, jeopardizing U.S. energy security, jobs, and the economy.
California bill would require more zero-emissions cars
With the extension of California’s landmark climate change law stalled, a legislative plan is emerging to significantly up the ante on California’s commitment to electric vehicles by requiring that 15 percent of all new automobiles be emission-free within a decade.
Islamic State oil commander killed in airstrike
A commander in charge of oil for the Islamic State was killed in operations led by multilateral forces near the Syrian border, the Kurdish government said.
Does air pollution reduce cycling’s health benefits?
A growing body of research suggests breathing this pollution can have both short-term and long-term health consequences.
Oil up 4 percent On Saudi rhetoric
Actions speak louder than words. Nope, strike that and reverse it. Rhetoric from Saudi’s oil minister today is emphatically rallying crude prices, as Khalid al-Falih said Saudi would ‘take any action to help the market rebalance’.
OPEC says weak oil demand is here to stay
Weakness in global oil markets, which has dragged prices to a three-month low, may persist as demand slows seasonally and fuel inventories remain abundant, OPEC predicted.
Oil income falling, Saudi Arabia raises government fees and fines
Saudi Arabia, faced with dwindling oil income, has sharply increased government fees such as visa charges as part of a range of measures aimed at raising revenue from non-oil sources.
Love of fried food could curb India’s crude oil imports
The nation of 1.3 billion people can make at least 2 million tons of biodiesel annually by processing used cooking oil from restaurant chains, says the head of an Indian government panel that’s looking at the potential for fuels derived from plants.
