Sales of electric vehicles (EVs) in the United States may not top one million until 2020, Energy Secretary Ernest Moniz said Thursday, showing purchases have fallen well below President Obama’s goal of reaching that number by 2015.
Simply put, the bill’s author, Senator Kevin de Leon, was forced to remove the fuels restriction language of SB 350 because working people in California drive cars to work every day.
ISIS was making $40 million a month on oil alone in early 2015, according to the U.S. Treasury. Now, it’s making only a fraction of that, according to the State Department.
The cause is the plunging price of a barrel of oil, which has been cut roughly by more than 60 percent since the June 2014.
Scientists have confirmed that 2015 was the hottest year yet recorded, smashing the previous record, which was set in 2014.
A decade-old oil leak that could last for another century was caused by an “act of God” during a hurricane in the Gulf of Mexico, the president of the company responsible said Wednesday.
Low oil prices are rattling global markets and destabilizing economies around the world. They are also posing one of the first big tests to the United States banking system since the financial crisis.
Oil prices could fall further this year as the market faces an “enormous strain” on its ability to absorb new supplies from producers such as Iran, a top world energy monitor said Tuesday.
Gas prices have continued to drop across the state, but one area is seeing gas prices that are the lowest in the country. According to GasBuddy.com, Michigan is the first state that has welcomed back gas prices below $1 per gallon.
The fracking revolution is still largely misunderstood by the oil and gas industry. It helped the U.S. attain a measure of independence from imported oil but even today we import about 6.5 million barrels a day, equivalent to one-third of U.S. consumption.
