Elon Musk and Tesla Motors, masterful at mining state and federal tax incentives, may have lucked into a tax loophole. The company’s new $100,000-plus Model X electric SUV qualifies for a $25,000 federal tax deduction. That’s on top of a $7,500 federal tax credit and a $2,500 California rebate given to buyers of battery-electric vehicles.
U.S. oil output will decline in 2016 for the first time in eight years as producers slash spending, the Organization of the Petroleum Exporting Countries said Monday, while the producer group continues pumping at high levels.
The hunt for new stores of oil and gas has been dramatically curtailed amid a global crude slump, with exploration budgets at the largest oil companies cut in half from their peak levels in 2013, according to a new analysis.
Cutting ozone, the lung-damaging gas in smog, to federal health standards while meeting state targets to cut greenhouse gas emissions will require a radical transformation of California’s transportation sector over the next two decades, air quality officials and experts say.
I must admit I’ve always been a little skeptical about this idea that diesel can be a “clean-burning fuel.” Anyone who has ever gotten stuck sitting behind a bus in traffic is likely to agree. Read more →
The claim that such a small number of people could have pulled off such a massive fraud brought immediate skepticism from lawmakers and industry experts.
Luckily these warnings have come far before any real-world auto hacks with flesh-and-blood consequences.
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.
Loophole gives some buyers of Tesla’s Model X a $25,000 tax deduction
Elon Musk and Tesla Motors, masterful at mining state and federal tax incentives, may have lucked into a tax loophole. The company’s new $100,000-plus Model X electric SUV qualifies for a $25,000 federal tax deduction. That’s on top of a $7,500 federal tax credit and a $2,500 California rebate given to buyers of battery-electric vehicles.
Gasoline prices fall in Midwest as Gulf Coast supply arrives in region
Gasoline prices in the U.S. Midwest tumbled Monday as supply arrived from the Gulf Coast and refineries came out of planned turnarounds.
Alaska mulls extra oil drilling to cope with climate change
Expanding the search for oil is necessary to pay for the damage caused by climate change, the governor of Alaska has told the BBC.
U.S. annual oil output to drop for first time in eight years
U.S. oil output will decline in 2016 for the first time in eight years as producers slash spending, the Organization of the Petroleum Exporting Countries said Monday, while the producer group continues pumping at high levels.
TPH: Many oil companies ‘virtually abandoning’ exploration
The hunt for new stores of oil and gas has been dramatically curtailed amid a global crude slump, with exploration budgets at the largest oil companies cut in half from their peak levels in 2013, according to a new analysis.
Cutting ozone will require radical transformation of California’s trucking industry
Cutting ozone, the lung-damaging gas in smog, to federal health standards while meeting state targets to cut greenhouse gas emissions will require a radical transformation of California’s transportation sector over the next two decades, air quality officials and experts say.
How will the Volkswagen scandal affect diesel?
/in Environment, Over a Barrel Blog wtucker, newleaf /by Arctic LeafI must admit I’ve always been a little skeptical about this idea that diesel can be a “clean-burning fuel.” Anyone who has ever gotten stuck sitting behind a bus in traffic is likely to agree. Read more →
U.S. oil output on brink of ‘dramatic’ decline, executive says
Oil executives are warning of a “dramatic” decline in U.S. production that could pave the way for a future spike in prices if fuel demand increases
VW exec blames ‘a couple of’ rogue engineers for emissions scandal
The claim that such a small number of people could have pulled off such a massive fraud brought immediate skepticism from lawmakers and industry experts.
5 Lessons from the summer of epic car hacks
Luckily these warnings have come far before any real-world auto hacks with flesh-and-blood consequences.