U.S. regulators are poised to propose a freeze on fuel-efficiency standards at 2020 levels, according to two people familiar with the plan, which would erode an ambitious Obama-era initiative to curb planet-warming greenhouse gases.
Archive for month: April, 2018
The Trump administration is speeding toward all-out war with California over fuel economy rules for cars and SUVs, proposing to revoke the state’s long-standing authority to enforce its own, tough rules on tailpipe emissions.
Hedge fund manager Kyle Bass thinks demand for oil is about to go up. “Crude is going to go from a glut to a shortage in the next two years.”
Electric buses were seen as a joke at an industry conference in Belgium seven years ago when the Chinese manufacturer BYD Co. showed an early model.
The attorney for Chevron Oil was attempting a classic bit of courtroom performance: Offer a stunning admission — then make a protest of innocence.
Last March, Russian President Vladimir Putin posed for a photo beside a large Arctic glacier. Later, he asserted his country’s claim to the oil underneath it.
If Scott Pruitt’s EPA and the NHTSA significantly weaken standards, California will not follow suit. They will move forward with the increased standards and will likely enact tougher standards in the years to come.
The argument: Any increase in fuel cost would be outweighed by efficiency improvements
The most recent in a series of oil price rebounds we’ve seen this year has the market speculating which direction the price will move next.
Not long ago, the Bureau of Land Management, an agency within the U.S. Department of the Interior, began distributing “vision cards” to its employees.