One narrative for 2014 is that cheap gasoline reduced the incentive for energy-efficient vehicles. Tell that to all the people who bought electric cars during the calendar year. With sales data still coming in, it appears certain that U.S. sales of EVs, including both all-electric and plug-in hybrids, surpassed 100,000 units. That marks the third […]
Climate experts are worried about a strange trend in the largest U.S. state: During all of 2014, the city of Anchorage, Alaska, did not see a day when the temperature fell below zero degrees Fahrenheit. That’s the first time in recorded history that’s happened. As The Washington Post notes, the last time the mercury fell […]
Hey, did you hear oil prices fell in 2014? Now that the year in oil trading is officially over, traders are counting the damage, and it’s like monitoring the progress of a boulder rolling down a mountain: Brent crude, the international benchmark, fell another 57 cents Wednesday to close the calendar at $57.33 a barrel. […]
The U.S. Department of Commerce has relaxed, somewhat, the nation’s four-decade-long ban on oil exports, put in place after the 1973 oil crisis that caused widespread shortages around the United States. The Obama administration’s move will allow the sale of up to 1 million barrels a day of ultra-light crude. The decision likely will please […]
When Fuel Freedom Foundation released PUMP in theaters in September, we never dreamed it would be mentioned in the same breath as “Casablanca” and “Mad Max.”
Fuel Freedom Foundation board advisor John Hofmeister was among the experts The Wall Street Journal sought out when posing the question: What changes are needed for transporting crude in North America?
Oil prices briefly spiked Monday, in apparent reaction to a fire at the Libyan oil port of Es Sider the past few days. But prices settled down again, to their lowest levels since May 2009, after the blaze was put out in three of the six oil tanks, Bloomberg reported. Libya was pumping about 352,000 […]
Pope Francis will issue an encyclical, a message to the world’s 1.2 billion Catholics, urging them to take action on climate change, The Guardian reported. The publication will follow the pontiff’s trip in March to the city of Tacloban, in the Philippines, which was devastated in 2012 by the super Typhoon Haiyan. Months later, the […]
The Washington Post has a good explanation why so many leaders — including Vladimir Putin — might believe that other players are conspiring to set oil prices low, putting pressure on nations like Russia that rely so much on the high price of oil to balance their budgets. To understand this particular conspiracy theory, one […]
With gasoline prices at five-year lows, it’s easy to lose sight of the realities of U.S. dependence on oil. We’re still beholden to other nations for much of our supply; we still have to expend much energy and resources defending the free flow of oil around the world; and we still need the long-term solution […]
