Not-so-Big Oil
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.
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.
For the better part of two years now, Americans have been enjoying substantially lower gas prices. That extra savings at the gas pump adds up when you consider the millions of drivers across the country. Has it altered the trend in auto purchases? Are U.S. automakers benefiting as a result? And what could happen if prices at the pump go back up?
There’s no assurance Tesla can scale up that quickly, especially because it is still struggling with the launch of its new Model X.
The argument among those marketers and retailers that have embraced the fuel is that E15 fuel allows them to market a cleaner-burning, higher-octane fuel that can technically be used by more than 200 million cars on the road today, and it can typically cost less than the E10 competitors are selling.
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.
If Tesla Motors can’t resolve any or all of these issues, the company will be in trouble. Specifically, its “brand, business, prospects, financial condition and operating results could be materially damaged.”
Most of the reduction comes from burning less coal. According to the EIA, changes in the national mix of electricity production—especially the shift toward cleaner-burning natural gas—accounted for 68 percent of the emissions reductions between 2005 and 2015.
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.
“I don’t know if it’s physically possible for us to ever get to a point where we don’t need to import certain types of crude,” Suzanne Minter, Oil & Natural Gas analyst at Platts Analytics, told CNBC.