The Trump administration says people would drive more and be exposed to increased risk if their cars get better gas mileage, an argument intended to justify freezing Obama-era toughening of fuel standards.
Archive for month: July, 2018
If the name Harley Davidson conjures up images in your head of leather-clad biker gangs flying down a desert highway while spewing exhaust from their loud chrome pipes, then perhaps you’d better think again.
A draft proposal by federal regulators to roll back U.S. automobile efficiency requirements contends that their preferred plan would reduce “societal costs” by roughly half a trillion dollars through 2029, while increasing U.S. fuel consumption by 500,000 barrels per day.
The Trump administration will formally lay out a plan as early as next week to revisit strict fuel-economy standards that had been set in motion under President Barack Obama, according to Andrew Wheeler, the new acting head of the Environmental Protection Agency.
Oil gained more than 20 percent in the first half of 2018, and odds have been rising that higher crude oil prices will spark the next economic downturn.
Oil prices could spike as high as $200 per barrel over the next 18 months, which would cause an “economic crash of horrible proportions,” according to a new report.
Iran will react with equal countermeasures if Washington tries to block its oil exports, the foreign ministry said on Tuesday, while the Islamic Republic’s armed forces chief said U.S. threats would draw an “unimaginable and regrettable” reaction.
The Interior Department has commissioned an expedited environmental review of the impact of leasing part of the Arctic National Wildlife Refuge for oil and gas drilling, according to a document released under the Freedom of Information Act.
With the Trump administration set to weaken Obama-era fuel economy standards for passenger cars and trucks, a chasm is opening between red and blue states.