Fiscal deal will end crude oil export ban, Ryan says
It lifts the 40-year-old ban on exporting U.S. crude, a long-sought GOP goal.
It lifts the 40-year-old ban on exporting U.S. crude, a long-sought GOP goal.
General Motors Co., which delayed the rollout of the 2015 bi-fuel Chevrolet Impala for about a year, has now delivered to customers about 200 of the vehicles that can run on compressed natural gas or gasoline.
With nearly 30 percent of government vehicles being flex-fuel vehicles, the regional transportation director wants to remind those driving government flex-fuel vehicles to fill up with E85 fuel where it is available.
A Texas oil company could soon start the first petroleum production in federal Alaskan waters. Hilcorp wants to build a gravel island in the Beaufort Sea for production purposes, with the hope of yielding up to 150 million barrels of oil over 15 years.
Saving the world isn’t going to be cheap. If you sell oil, coal or old-fashioned cars, that threatens disaster. For makers of stuff like solar panels, high-tech home insulation, and efficient lighting, it’s a potential miracle. That’s the bottom line from this weekend’s climate deal in Paris.
The lower cost of gasoline is effectively putting $100 billion a year extra into the pockets of American consumers.
U.S. oil futures settled lower on Friday after the International Energy Agency (IEA) warned that global oversupply of crude could worsen next year.
A contingent of powerful U.S. representatives are pressing the chief executives of six of the country’s largest fossil fuel companies to answer questions about when the companies first understood that burning fossil fuels drives climate change and whether they became active partners in an effort to downplay the harm that could result.
The ground is shaking near Cushing, Okla., home to the largest commercial crude oil storage center in North America.
In Kansas, Abengoa has decided to suspend production at its new cellulosic ethanol plant in Hugoton as well as its corn-based ethanol plant in Colwich as part of the recent financial troubles the company is suffering from that may eventually lead to bankruptcy.