Oil prices were down 2 percent on Monday as supply overhang concerns grew after a Saudi-Venezuela meeting at the weekend showed few signs of coordination to boost prices.
The combination of falling gas prices and the boomlet of higher-riding crossovers is forcing automakers to stop making certain passenger cars that don’t generate sufficient sales or profits to satisfy Wall Street or American consumers.
Current bargains at the gasoline pump make now an ideal time for the United States to increase its investment in clean energy through a tax on crude oil, President Barack Obama said Friday.
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.
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?
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.
Our Mission: Fuel Freedom Foundation is working to reduce the cost of driving your existing car or truck by opening the market to cheaper, cleaner, American-made fuel choices at the pump.
Oil falls with glut in focus after hopes for producer deal fade
Oil prices were down 2 percent on Monday as supply overhang concerns grew after a Saudi-Venezuela meeting at the weekend showed few signs of coordination to boost prices.
Are small cars an endangered species?
The combination of falling gas prices and the boomlet of higher-riding crossovers is forcing automakers to stop making certain passenger cars that don’t generate sufficient sales or profits to satisfy Wall Street or American consumers.
Obama: Cheap gasoline prices drove oil tax decision
Current bargains at the gasoline pump make now an ideal time for the United States to increase its investment in clean energy through a tax on crude oil, President Barack Obama said Friday.
Has the U.S. really reached an epic turning point in energy?
The United States is setting new milestones that suggest a fundamental, and possibly permanent, shift in its energy economy.
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.