Saudi Arabia’s decision to replace its once-influential oil minister is being viewed widely as the latest effort of Deputy Crown Prince Mohammed bin Salman to consolidate power and pursue what one analyst has called a “brutal battle for market access against arch regional rival Iran.”
Events at Monday’s meeting of OPEC governors suggest that if Saudi Arabia gets its way, then one of the group’s central strategies – of managing global oil prices by regulating supply – will indeed go to the grave.
Tesla CEO Elon Musk is worried that low cost oil and gasoline are “really quite bad for the world,” and “for the future.”
Americans who drive could save between $3,000 and $4,200 over the life of their vehicles if the government does not reduce the 2025 fuel economy standards that could be revised by early 2018, according to a study released today by Consumers Union.
The 2017 BMW i3 will be available with a new 33 kWh battery, increasing the car’s max pure-electric range to 114 miles. That’s a 50 percent battery bump translating to an extra 33 miles of drivable distance.
Fuel Freedom Foundation and IESE Business School today launched an international education program to reduce energy poverty in developing countries, starting in Kenya, Africa.
The U.S. is importing more foreign crude than it has in years, becoming one of the last ports of call for many oil-producing nations despite a glut of crude from domestic companies.
Convenience store operator Kum & Go says it is making a massive commitment to higher gasoline-ethanol blends, planning to sell E15 at about 100 more locations this year.
The classic combo of dwindling supply and increased demand is pushing gas prices up across Minnesota and the nation.
What forces could have replaced the proud red and yellow cars with a fleet of plain old buses, the likes of which so many Angelenos still disdain today? It looks, to some, like the work of a conspiracy.
