Feds: Automakers may not meet fuel economy target
Federal regulators say automakers may not reach a fleet-wide average of 54.5 miles per gallon by 2025, as specified in a 2012 fuel economy rule adopted by President Barack Obama’s administration.
U.S. regulators say automakers can meet 2025 fuel efficiency standards
U.S. regulators say in a draft technical assessment report to be released on Monday that automakers can meet aggressive mandates to dramatically hike fuel efficiency standards by 2025, according to a document reviewed by Reuters.
Op-ed: Fuel economy standards are working
Since the federal passenger vehicle fuel economy and emissions standards agreement was brokered in 2011, the automotive industry has made strong advances in technology and we are well on our way to meeting the 2025 standards.
Oil and gas industry could hire 100,000 workers — if it can find them
The U.S. oil industry will need to hire tens of thousands of workers in the next two and a half years as oil prices recover and drillers stand up rigs, Goldman Sachs projected in a note this week.
It’s not how much oil, but how much influence
Saudi Arabia has a big advantage because its oil is cheap to produce and largely unregulated. The same cannot be said about the United States, where the shale oil industry is being slowly asphyxiated by the collapse in oil prices over the last two years.
Big Oil finding money for biggest projects
There are signs the deep freeze in oil-industry spending is beginning to thaw.
EIA: Oil production in continental U.S. has fallen sharply since 2015 peak
Oil production in the nation’s lower 48 states has dropped by 800,000 barrels a day in the 12 months after it peaked, one of the biggest reasons why the world’s oil glut has eased.
California attorney general subpoenas oil refiners in gas-price probe
California Atty. Gen. Kamala Harris has issued subpoenas to oil refiners as part of an investigation into unusually high gasoline prices in California during the last year.
Alaska governor limits annual oil-wealth checks to $1,000
Facing a multibillion-dollar deficit, Alaska’s governor has cut in half the annual checks that give all residents a share of the state’s oil wealth, but he kept enough money in place to award everyone a $1,000 payout.
Enjoy the low gas prices. They won’t last.
It should be a time of celebrations, party hats, and road trips: Gas prices are expected to be their lowest for the Fourth of July weekend in more than a decade. Read more →
