We’ve known for some time that the chemical benzene is toxic to humans and can cause cancer. But we’re only beginning to learn the extent of the health impacts of BTEX, the stew of hydrocarbons that include benzene and which constitute a key additive for gasoline.
John Hofmeister went on CNBC on Thursday to talk about the current and future price of oil, and he gave viewers more to think about when he elevated the discussion to include the need for alternatives to meet the world’s growing appetite for transportation fuel.
Natural gas normally gets a great deal of attention as a feedstock for power generation: As the U.S. makes the gradual transition from coal, natural gas has taken center stage in the spotlight because it burns more cleanly than coal.
Many Americans think of the shale revolution as all about oil. Those thousands of wells bring up plenty of oil, after all. But they also bring up a treasure trove of natural gas, Fuel Freedom Foundation co-founder and chairman Yossie Hollander told Atlanta radio station WCFO recently.
The United States will probably consume a record amount of gasoline in 2016, passing the previous peak set in 2007, and the prospect is helping lift crude oil prices.
Saudi Aramco, the state oil company of OPEC’s most powerful player, recently announced plans to take full control of the sprawling Port Arthur, Texas refinery. The Gulf Coast facility is the largest refinery in the U.S. and can process 600,000 barrels of oil a day.
Racin’ is a lot of things (maybe even rubbin’ … Robert Duvall and Tom Cruise didn’t exactly settle the matter in “Days of Thunder”). NASCAR fans usually don’t think “reducin’ emissions” as part of the equation of their favorite sport. But they should.
The former CEO of Edmunds.com and a veteran automotive journalist are creating a revamped website, Trucks.com, which will be devoted entirely to news in the trucking industry.
The global oil trade is a “contrived market” not subject to the usual laws of supply and demand, and the United States has an “absolute requirement” to use alternatives if it hopes to wean itself off imported oil, former Shell Oil president John Hofmeister said during the keynote speech at the National Ethanol Conference.
Crude oil production in February from seven major US shale plays is expected to fall 116,000 b/d to 4.83 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report.
