The Obama administration on Thursday issued final rules aimed at preventing the kind of explosion that erupted nearly six years ago on the Deepwater Horizon rig, killing 11 people and causing the biggest oil spill in U.S. history.
In the United States, the decoupling of emissions and economic growth was driven chiefly by the boom in domestic natural gas, which when burned produces about half the carbon pollution of coal.
Three Houston companies are among the drillers seeing sharp cuts to their credit lines this spring as lenders tighten their purse strings in a retreat from the cash-strapped oil industry.
Automakers say they need higher octane gasoline — more in line with what is available in Europe today — to meet the government’s strict 2025 fuel economy and C02 standards.
How is it possible to scale up faster? Well, one answer may come by looking at the example of a country that has already done just that: Norway, where electric vehicles were fully 18 percent of new cars sold last year.
Although total U.S. crude oil imports in 2015 continued to be lower than levels reached during the mid-2000s, imports from the United States’ top foreign oil supplier—Canada—were the highest on record.
The number that everyone in the energy market has penciled in for Iran’s output, absent voluntary restraint, is 4 million barrels a day. That number stems from both the country’s pre-sanctions peak and Iran’s stated ambition. Whether it gets there and how quickly is a matter of disagreement.
Several countries have committed to putting more electric cars on their roads in the near future as a way to reduce air pollution and combat climate change. But what if one country—and a very large one at that—decided to make every car on its roads electric inside of 15 years?
ExxonMobil, Royal Dutch/Shell, and three oil-industry groups together spend $115 million a year on advocacy designed to “obstruct” climate change policy, according to new estimates released by Influence Map, a British nonprofit research organization.
Inevitably, we will have another price shock – or at minimum an upside surprise. It’s unavoidable at this point.
