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 new fuel economy proposal by the Trump administration goes on for hundreds of pages, and it’s full of facts an figures and tables. One sticks out to us, in which the architects of the proposal tell us exactly how much oil (in their estimation) we should expect to use on top of the 20 million barrels we already consume each day.
You can help improve the proposal: Sign our petition urging the government not to roll back progress on fuel economy standards for cars to be sold in the U.S. in model years 2021-26.
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.