In October, the Trump Administration announced it would instruct the Environmental Protection Agency to adjust regulations to allow the year-round sale of E15, a cleaner-burning, higher-octane gasoline that contains up to 15 percent ethanol. Read more →
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The Trump administration’s new standards, cleverly referred to as SAFE standards, claims to reduce traffic fatalities by as much as 1,000 deaths a year, according to the language of the proposal. The justification for that argument is incredibly shaky however.
The head of the California’s clean air agency doesn’t expect a protracted court fight from President Donald Trump’s proposed challenge to the state’s legal authority to regulate tailpipe emissions.
Oil prices rose on Tuesday as the market prepared for potential supply disruptions due to a hurricane forecast to hit the U.S. Gulf Coast, but gains were capped by a report that Cushing, Oklahoma, stockpiles rose last week.
How far and how long gasoline prices will fall, of course, depend on crude prices, which have rallied this week as supplies appear to tighten.
Elon Musk has always hated the fossil-fuel industry. His stated mission for Tesla Inc. is to hasten its demise, and more than once he’s blamed the “unrelenting and enormous” power of oil interests for sabotaging his efforts.
Former Shell Oil President John Hofmeister said on “Cavuto Coast to Coast” that “the volatility overall is going to be worrisome, particularly as global demand continues to grow.”
Iran’s foreign minister has said the United States will not be able to prevent the country from exporting oil.
The Trump administration’s plan to relax fuel-economy and vehicle pollution standards could be a boon to U.S. oil producers who’ve quietly lobbied for the measure.
