Trump accused OPEC of jacking up oil prices. Here’s what he means
President Donald Trump’s broadside against foreign oil producers on Friday took investors by surprise and included some notable inaccuracies about the state of the oil market.
Automakers push Congress for higher fuel standards
Two weeks after winning a victory against aggressive federal fuel economy rules aimed at speeding adoption of electrified vehicles, the U.S. auto industry went to Capitol Hill last week to press Congress for a national fuel octane standard that would help increase the efficiency of the internal combustion engine.
Oil prices jump to highest level since 2014 amid Middle East tensions
Oil prices jumped to their highest level since 2014 Wednesday, as worries about fighting in the Middle East spooked markets.
The best sales pitch for a hybrid electric car? Gasoline prices
Are hybrid electric cars worth the money? It depends on the price of gasoline, according to data shared by the consultancy Avicenne Energy at the 2018 International Battery Seminar.
U.S. agency proposes scrapping higher automaker penalties for ‘gas guzzlers’
The U.S. National Highway Traffic Safety Administration (NHTSA) said late on Tuesday it was proposing to cancel a planned hike in higher “gas-guzzler” penalties for automakers whose vehicles fail to meet minimum fuel-economy standards.
Does the U.S. really need more oil?
What matters is the oil demand curve, which will be highly dependent not only on the level of transition to low carbon energy, but also on social factors such as concern for the polluting effects of petroleum-based plastics.
U.S. shale boom has led to big payoffs, but energy independence isn’t one — nor should it be
Energy independence has been a U.S. energy policy unicorn ever since the oil crises of the 1970s. However, true energy independence is not economically feasible or even desirable, owing to the globalization of crude oil markets
Oil CEO to Trump: Tariffs will help OPEC, hurt U.S. jobs
The oil industry is warning President Trump that steel tariffs could threaten America’s energy boom.
Oil companies to reap windfall in tax cuts, but shareholders get the lion’s share
Houston energy companies have reported at least $20 billion in tax benefits from the recently enacted tax overhaul, but whatever savings the firms realize will likely go to well-heeled investors rather than support the local economy through hiring, pay raises and expansions.
Gas prices this summer are expected to hit a four-year high
Gas prices this summer are expected to be the most expensive since 2014, closing in on $3 per gallon, according to a new report from the Oil Price Information Service.
