After years of decline, U.S. oil imports rise
U.S. imports of foreign oil are rising again after a long decline, as the oil bust forces domestic producers to scale back.
U.S. imports of foreign oil are rising again after a long decline, as the oil bust forces domestic producers to scale back.
Output from the Marcellus basin in Pennsylvania and West Virginia is faltering as pipeline capacity fails to keep up with the surge in production. While space on Appalachian pipelines has more than doubled this year, it hasn’t been enough to keep the flow moving freely.
A new survey shows that, once informed about the renewable fuels standard (RFS), 79 percent of Republican and 90 percent of Democrat caucus-goers from Iowa think the RFS is good for the nation.
When people talk about electric vehicles, the conversation usually revolves around companies like Tesla, GM/Chevrolet, and Nissan who, thus far, have dominated the EV market.
Gasoline futures tumbled to a six-year low, extending a selloff spurred by increasing supplies and concerns about weakening demand.
Consumer Reports, who just over a month ago broke their own rating system because they just loved them so damn much, has now pulled their recommendation for the Tesla Model S after they found it to be ‘below average’ on reliability.
“Petroleum industry-funded studies like this University of Tennessee report fail to take into account the positive role that biofuels like ethanol play in the fight against climate change.”
The developer of a proposed ethanol plant at Deniliquin says it could create up to 400 jobs and boost the local economy by almost $60 million annually.
The past few weeks have seen the introduction of three new 2016 models of electric vehicles: the Chevy Volt, the Nissan Leaf and the Tesla Model X crossover SUV.
In its latest report, the IEA mentioned that some oil at European and Asian trading hubs was now being stored on vessels, despite prices not really justifying the cost. The implication is that regular storage tanks are getting a tad full.