California still is the only major oil-producing state that doesn’t tax the goo as it’s pumped from the earth. Yes, high-tax California. But never has there been a better time to change that and start making the oil companies pay their fair share.
For nearly all of the first century of automobile travel, getting your license meant liberation from parental control, a passport to the open road. Today, only half of millennials bother to get their driver’s licenses by age 18. Car culture, the 20th-century engine of the American Dream, is an old guy’s game.
The Obama administration signaled that it would not back legislation to authorize widespread crude exports, as a Republican-led effort to lift decades-old restrictions on foreign oil sales gained steam on Capitol Hill.
Particularly in developing countries, social structures that disadvantage women often put them at higher risks of harm and even death from climate change.
Porsche is jumping into the electric car business. The German sports car company has announced its all-electric Mission E sports car. The concept vehicle, which will be on sale within five years, boasts a 600 horsepower motor, a range of more than 300 miles, and a recharging time of under 15 minutes.
While the massive Bakken oil boom drew hordes of job seekers and international attention to the remote prairies of North Dakota and Montana in recent years, it’s turned into a money loser for most cities and counties in the region.
If you believe all the recent stories about how Saudi Arabia is losing the price war it started against U.S. tight oil producers, the new Oil Market Report from the International Energy Agency offers a reality check. The Saudis are winning, though they’re paying a heavy price for it.
There could be over 31,000 reservations, but for various reasons it seems that over 4,000 Model X reservation holders cancelled (perhaps due to Model S conversions or too long a wait, as the Model X hasn’t exactly been racing into production).
Goldman lowered its forecast for 2016 WTI to $45 from $57 while allowing “the possibility” of $20 oil. Naturally, that lower number is what made headlines: business as usual isn’t news, major change is.
Researchers in Australia, home of Shiraz, say grape waste could be turned into a competitive biofuel.
