John Hofmeister went on CNBC on Thursday to talk about the current and future price of oil, and he gave viewers more to think about when he elevated the discussion to include the need for alternatives to meet the world’s growing appetite for transportation fuel.
The most promising and economical approach identified by the automakers is to greatly expand the use of turbocharging and high compression ratio engines. And that will require an increase in the octane rating of our gasoline.
You would think everyone supports clean air, but this isn’t the case. All along the Pacific Coast, the oil and fossil fuel industry has aligned its political spending and lobbying might against clean energy and climate protection.
Oil prices hit six-month highs on Monday on worries about global supply outages and as long-time bear Goldman Sachs sounded more positive on the market, although a stockpile build at the U.S. storage hub for crude futures limited gains.
Our dependence on oil has a sinister side that we tend to lose sight of: Some of that oil we consume — 18 million barrels a day in the United States alone — provides a revenue source for extremist groups to carry out deadly terrorist attacks.
It has been a grim decade for investors in international oil firms—among them, many of the world’s biggest pension funds. In the past 18 months things have gone from bad to worse.
Air pollution is growing worse in urban areas across much of the globe, hitting the poorest city dwellers hardest and contributing to a wide range of potentially life-shortening health problems, from heart disease to severe asthma, according to the World Health Organization.
There’s no assurance Tesla can scale up that quickly, especially because it is still struggling with the launch of its new Model X.
After plunking down more than $2.5 billion for drilling rights in U.S. Arctic waters, Royal Dutch Shell Plc, ConocoPhillips and other companies have quietly relinquished claims they once hoped would net the next big oil discovery.
The Obama administration on Thursday announced a set of much-anticipated — and first ever — steps to regulate oil and gas industry emissions of methane, a powerful greenhouse gas second only to carbon dioxide in its role in the climate debate.
