Two Alaska Native corporations and a small oil services firm together have applied to do extensive seismic work next winter in the Arctic National Wildlife Refuge, the first move toward development there since Congress voted late last year to open up the pristine wilderness to oil and gas drilling.
A draft Trump administration proposal to ease automobile efficiency standards is said to call for revoking California’s unique authority to set its own limits, a move that would set off an explosive battle with the nation’s most populous state.
Earlier this month, Consumer Reports said it couldn’t recommend the Tesla Model 3, after finding what it called “big flaws” in the electric sedan’s braking distance. But the publication reversed its decision on Wednesday, saying an over-the-air software update promised by CEO Elon Musk fixed the issue.
Projections have suggested that the advent of electric vehicles will have a dramatic impact on oil demand and now its starting to show. With China adding the equivalent of London’s bus fleet every 5 weeks, that’s 279,000 barrels of oil a day removed from demand.
If salespeople at car dealerships don’t encourage shoppers who are already interested in buying electric cars, it could be detrimental to national goals to reduce energy use and emissions from transportation—especially now
In his grand goal to bring electric driving to the masses, Elon Musk has been doing his best Henry Ford impression. To date, that has included his own take on Ford’s famed quip: “Any customer can have a car painted any color that he wants so long as it is black.”
There is a risk that oil prices could hit $100 per barrel next year for the first time since 2014, according to new research from Bank of America Merrill Lynch.
Companies extracting oil and gas from the wilderness area in Alaska would face “enormous reputational risk and public backlash”, the investors say in a letter sent to 100 fossil fuel companies and the banks that finance them.
Florida’s congressional delegation, citing the state’s vibrant tourism industry, delivered a unanimous, bipartisan and stern message of opposition to offshore energy exploration during a hearing on Capitol Hill on Thursday.
President Donald Trump pressed automakers to build more cars in the U.S. during a meeting Friday with representatives from top international car manufacturers, including CEOs from all of the Detroit Three.
