Volkswagen reaches deal in U.S. over emissions scandal
Volkswagen agreed on Thursday to fix or buy back nearly 500,000 diesel cars in the United States that are equipped with illegal emissions software.
Volkswagen agreed on Thursday to fix or buy back nearly 500,000 diesel cars in the United States that are equipped with illegal emissions software.
The largest oil spill in U.S. history was even bigger than previously thought, at least in terms of the amount of coastline that was oiled, scientists report in a new study.
The Organization of Petroleum Exporting Countries will resume talks at a meeting in June to reach an agreement on freezing oil output, Iraq’s governor to OPEC said just days after politics thwarted a deal to cap production and curb the global glut.
After four years of steady growth, U.S. plug-in electric car sales were essentially flat last year. Low gas prices and increased demand for SUVs had a dampening effect on the segment, which still accounts for a very small fraction of U.S. new-car sales.
The so-called Islamic State has lost 26 percent of the income it had been generating from the sale of crude oil, according to new research released on Monday.
When a commodity costs more to produce than the current market price, producers usually stop producing it. But when it comes to U.S. crude, a global crash in prices hasn’t been matched by deep cuts in production.
Check out the ugly budget messes this spring in some of the nation’s top oil and gas fracking states, which are now contending with humongous revenue losses as oil and gas prices languish.
Currently, high-octane fuel is marketed as “premium,” but automotive manufacturers have expressed interest in raising the minimum octane pool in the United States to enable smaller, more efficient engines.
The internal combustion engine will likely remain a significant drive train for passenger vehicles in the near future so it is critical to make both fuel and engine efficiency a priority
On the surface, it looks like extraordinarily good news. The United States is burning less coal — less of the fuel that contributes the most carbon dioxide to the atmosphere when burned.