Two Alaska Native corporations and a small oil services firm together have applied to do extensive seismic work next winter in the Arctic National Wildlife Refuge, the first move toward development there since Congress voted late last year to open up the pristine wilderness to oil and gas drilling.
Archive for month: May, 2018
A draft Trump administration proposal to ease automobile efficiency standards is said to call for revoking California’s unique authority to set its own limits, a move that would set off an explosive battle with the nation’s most populous state.
Earlier this month, Consumer Reports said it couldn’t recommend the Tesla Model 3, after finding what it called “big flaws” in the electric sedan’s braking distance. But the publication reversed its decision on Wednesday, saying an over-the-air software update promised by CEO Elon Musk fixed the issue.
Electric vehicle ownership will balloon to about 125 million by 2030, spurred by policies that encourage drivers, fleets and municipalities to purchase clean-running cars, the policy advisor to energy-consuming nations forecast on Wednesday.
Adding to Elon Musk’s headaches this month, Tesla is about to hit the limit on federal tax credits for electric cars. This could effectively raise prices for buyers of the company’s critical Model 3.
Projections have suggested that the advent of electric vehicles will have a dramatic impact on oil demand and now its starting to show. With China adding the equivalent of London’s bus fleet every 5 weeks, that’s 279,000 barrels of oil a day removed from demand.
If salespeople at car dealerships don’t encourage shoppers who are already interested in buying electric cars, it could be detrimental to national goals to reduce energy use and emissions from transportation—especially now
In the past two weeks alone, gas has jumped at least 12 cents per gallon, sending motorists on a course to pay the highest Memorial Day prices since 2014.
Whether it’s the specter of sanctions on Iran, Venezuela’s output plunge, or a momentum play on the back of the past year’s 46 percent surge in Brent, there are now the equivalent of about 93 million barrels wagering on the global benchmark hitting $100 at some point in the next 12 months.
Researchers scrutinized records of more than 57,000 births by mothers who lived close to eight coal- and oil-fired plants across California in the year before the facilities were shut down, and in the year after, when the air was cleaner.