Wall Street cash pumps up oil production even as prices sag
Easy Wall Street cash is leading U.S. shale companies to expand drilling, even as most lose money on every barrel of oil they bring to the surface.
Easy Wall Street cash is leading U.S. shale companies to expand drilling, even as most lose money on every barrel of oil they bring to the surface.
On balance, electric cars have been a miserable market failure, despite the massive amounts of hype directed at them.
An association of Utah doctors is calling for more stringent limits on air pollution in light of new evidence they say shows air quality is more critical to human health than once thought.
The tussle for supremacy between OPEC and U.S. shale drillers is killing off older oil fields at the fastest pace in almost a quarter century. That could hurt the industry once the current glut has faded.
Skepticism of electric cars melts a bit more with each new announcement from the likes of Tesla, which last week launched production of a mass-market vehicle, and Volvo, which days later promised to phase out gasoline-only engines by 2019.
Basically, we’re driving as much (per person) as we were in 2000, and the rate is rising. But a meaningful, long-term shift is occurring in driving patterns, as a new paper by Michael Sivak and Brandon Schoettle of the University of Michigan makes clear.
Solar, wind and electric vehicles are now said to have such momentum that they are going to cause a peak in oil demand within as little as five years, according to the most optimistic projections.
Climate change is a tough issue to cover as a journalist. It’s like following a slow-motion train wreck, except significant portions of the population dispute whether there really are trains involved and whether they will, in the end, crash.
Faraday Future, the electric-vehicle startup backed by LeEco founder Jia Yueting, halted plans to build a $1 billion factory in Nevada as the troubled tycoon fights for the survival of his Chinese car business.
Consumers may have lost interest for now in the most fuel-efficient cars because of low gasoline prices, but the future for hybrid and electric cars is more certain than ever.