An estimated 4,200 gallons of crude oil was discharged from a well owned by the Texas Petroleum Investment Company into the mouth of the Mississippi River, according to the U.S. Coast Guard. The Coast Guard and other state agencies are now responding to the third oil spill in two weeks.
Democratic U.S. presidential candidate Hillary Clinton’s campaign has solicited advice from California regulators on how to revamp a federal regulation requiring biofuels like corn-based ethanol be blended into the nation’s gasoline supply, according to campaign and state officials.
A pact that 15 U.S. states signed to jointly investigate Exxon Mobil Corp for allegedly misleading the public about climate change sought to keep prosecutors’ deliberations confidential and was broadly written so they could probe other fossil fuel companies.
Tesla Motors Inc.’s loss widened in the second quarter amid higher costs, but the company stuck to an ambitious plan that calls for building nearly 80,000 cars in 2016 and pulling forward a cheaper sedan aimed at the mass market.
A simmering debate that normally occurs behind closed doors over whether changes should be made to fuel economy and greenhouse gas emissions standards has spilled out into the open.
As the big oil companies reported their earnings this week, not even Exxon Mobil and Chevron, the two American industry leaders that posted results on Friday, could escape the fallout from a market of deteriorating oil prices and declining profit margins from refining.
Tesla Motors is accustomed to being at odds with the rest of the U.S. auto industry. So it was again on Tuesday, at an industry conference in bucolic northern Michigan, where a Tesla executive took the industry to task for not trying hard enough to sell electric vehicles.
The auto industry will need to step up introduction of fuel-saving technology to help the U.S. meet aggressive goals to combat climate change despite manufacturers’ requests for relief from existing rules, the Environmental Protection Agency’s top transportation official said.
After cruising along for more than two years, California’s vaunted cap-and-trade program to cut carbon emissions has run into a few recent snags.
Oil markets continue to debate the vagaries of how much crude and refined products are stored in big white tanks and floating carriers. The feeling is that there is too much sloshing around. That’s why the oil price is under siege again, down 10 percent in the past three weeks
