Oil rout threatens vicious cycle for economy
With oil hovering at $30 a barrel and gasoline below $2 a gallon, the pleasure of lower fuel prices is turning painful for more of the U.S. economy.
Eagle Ford, Bakken shale production on the decline
Oil production from two key shale fields in Texas and North Dakota is on the decline, according to analytics firm Platts Bentek.
For oil companies, it’s a year of slashing costs and jobs
This year will be another hard one for the oil majors as they cut spending.
Elon Musk personally cancels ‘super rude’ customer’s Tesla Model X order
Warning: Watch your mouth when you talk about Tesla online. If you say the wrong thing, Elon Musk could bring down the hammer and block you from buying one of his precious electric cars.
Few boom cycles are left for the oil industry
Ask almost anyone in the oil business, and they will say a bust is always followed by another boom. But what if the industry has only one big cycle left?
Ford gets serious about electric cars
Chasing Tesla and General Motors, Ford hopes a $4.5 billion investment will help it leapfrog to the front the pack when it comes to developing electrified cars.
Environmental Performance Index reveals dire state of fisheries, worsening air pollution
The world’s nations have expanded access to water and sanitation while creating more protected areas than ever before, yet countries have failed to reverse degradation of air quality and decline in fisheries, the report finds.
2016 MINI Hard Top is the first non-flex fuel vehicle approved for higher ethanol-gasoline blends
The Auto Channel received confirmation today from Urban Air Initiative and RFA (Renewable Fuels Association) that the latest model MINI hard top is approved by MINI and BMW to run on E25 fuel – 25% ethanol blended with gasoline.
Chevron joins downgraded crude explorers; Exxon may be next
Chevron Corp. had its credit rating cut by Standard & Poor’s for the first time in almost three decades, the largest U.S. oil driller to face a downgrade so far amid the worst oil-market collapse in a generation. Exxon Mobil Corp. may be next.
Cheap oil buoys consumers, shakes up global governments
Cheap oil will be sticking around for a while. That reality is wreaking havoc and causing uncertainty for some governments and businesses, while creating financial windfalls for others.
