Exxon Mobil Corp. won approval Monday for its plan to use trucks to move more than 17 million gallons of oil stranded in storage tanks after a California pipeline break in May, despite concerns from an environmental group that highway safety could be jeopardized.
The head of the International Monetary Fund said “quite a few countries” are keeping her awake lately, but at the top of the list are low-income nations that rely heavily on exporting oil.
As the denial never seems to cease, I think they’re not only short on credibility, they’re also just short on ways to sell their snake oil. Their ideas get weirder and less believable every time they speak.
VW must submit a repair plan for 80,000 diesel SUVs and larger cars that emit excess pollution, even as it considers buying back some vehicles and a prior fix plan for smaller vehicles was rejected.
At times like this it helps to turn to a reliable bull. So last week I paid a visit to Harold Hamm at the Oklahoma City headquarters of his Continental Resources.
Almost every day, even if you don’t own a car, you probably buy something made from oil. Usually we don’t think about where that money goes — because the answer, at least some of the time, is that it ends up lining the pockets of some of the world’s deadliest people.
The Iowa primary has put into play one of the more obscure issues in the political life of the nation — ethanol, of all things.
Oil fell nearly four percent on Monday as weak economic data from China, the world’s largest energy consumer, weighed on prices and an OPEC source played down talk of an emergency meeting to stem the decline.
American drivers are within shouting distance of $1.50 a gallon for the first time since 2009.
Ethanol thrives because of the volume-based approach of the mandate, which specifies that a growing percentage of renewable fuels must be mixed into gasoline. But that approach has stifled innovation.
