OPEC is consulting with lawyers to prepare a strategy to defend against proposed U.S. legislation that could open the cartel up to antitrust lawsuits, according to people familiar with the matter.
U.S. Senator Chuck Grassley, along with a fellow Republican and two Democratic lawmakers, introduced legislation in the Senate that’s aimed at allowing the government to bring lawsuits against OPEC members for antitrust violations.
A new study by oil industry consultancy Wood Mackenzie predicts that the demand for oil will start to decline as early as 2036, when autonomous cars become more popular. That forecast comes much earlier than many big oil companies predicted.
Automakers are crying foul after the Trump administration demanded information about their operations — including what some say is sensitive, proprietary information — as part of an investigation into whether to raise taxes on imported autos and auto parts.
The phrase “peak oil” was coined to explain when the world’s supply of oil would start running out. Over the past decade, however, the meaning has shifted from supply to demand—consumption of oil may dwindle out before resources do.
The study was conducted by AA, a British motoring group, which also says that myths around electric vehicles are keeping people from taking the plunge and going electric.
On July 1, Elon Musk went home to sleep. The chief executive of Tesla Inc. had been camping out at his electric car factory in Fremont, Calif., for much of the past week.
Just a few weeks after finally reaching its goal of building 5,000 Model 3 sedans in a week, Tesla has hit another threshold: Earlier this month, it sold its 200,000th car in the U.S.
Oil prices could top all-time highs near $150 a barrel because energy companies are investing too little money in new production, Bernstein Research said.
Air Resources Board chair Mary Nichols said in an interview that agreements with the federal government or automakers could be struck in the coming months as the state pursues its own changes to fuel economy standards through 2025.
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OPEC seeking legal strategy as U.S. pushes anti-cartel bill
OPEC is consulting with lawyers to prepare a strategy to defend against proposed U.S. legislation that could open the cartel up to antitrust lawsuits, according to people familiar with the matter.
U.S. senators revive bill to counter OPEC ‘price fixing’
U.S. Senator Chuck Grassley, along with a fellow Republican and two Democratic lawmakers, introduced legislation in the Senate that’s aimed at allowing the government to bring lawsuits against OPEC members for antitrust violations.
Oil analysts predict peak consumption in 2036
A new study by oil industry consultancy Wood Mackenzie predicts that the demand for oil will start to decline as early as 2036, when autonomous cars become more popular. That forecast comes much earlier than many big oil companies predicted.
Here’s why Trump wants sensitive details from automakers’ operations
Automakers are crying foul after the Trump administration demanded information about their operations — including what some say is sensitive, proprietary information — as part of an investigation into whether to raise taxes on imported autos and auto parts.
The threat to oil is not just electric cars, but self-driving electric cars
The phrase “peak oil” was coined to explain when the world’s supply of oil would start running out. Over the past decade, however, the meaning has shifted from supply to demand—consumption of oil may dwindle out before resources do.
Half of young people want electric cars, study says
The study was conducted by AA, a British motoring group, which also says that myths around electric vehicles are keeping people from taking the plunge and going electric.
Hell for Elon Musk is a midsize sedan
On July 1, Elon Musk went home to sleep. The chief executive of Tesla Inc. had been camping out at his electric car factory in Fremont, Calif., for much of the past week.
The terrible timing of Tesla’s expiring $7,500 tax credit
Just a few weeks after finally reaching its goal of building 5,000 Model 3 sedans in a week, Tesla has hit another threshold: Earlier this month, it sold its 200,000th car in the U.S.
Big Oil is sowing the seeds for a ‘super-spike’ in crude prices above $150, Bernstein warns
Oil prices could top all-time highs near $150 a barrel because energy companies are investing too little money in new production, Bernstein Research said.
California regulator sees ‘window’ for deal on fuel economy rules
Air Resources Board chair Mary Nichols said in an interview that agreements with the federal government or automakers could be struck in the coming months as the state pursues its own changes to fuel economy standards through 2025.