And 80 percent of cars sold will still have internal combustion engines.
Oil will be priced well under $100 a barrel for the next decade because of higher supplies, OPEC predicts.
Just because gas prices have been steadily declining since March doesn't mean we should all get comfortable with the idea of lower refueling costs and a dependable fuel supply. In fact, a University of Maryland study titled "Economic Vulnerability to Peak Oil" pushes the panic button a bit.
Well before the start of AutoblogGreen, well before there were blogs, before even the first production hybrid vehicle, there was the Arab Oil Embargo. It happened 40 years ago this week, which means now is as good a time as any to take a look back at a time when getting gas in the US was a tremendous challenge.
Algae-derived biofuel burns cleaner than petroleum fuels and is often less resource-intensive than first-generation biofuels. That's the conclusion the Algae Biomass Organization (ABO) reaches from the first-ever study that analyzed results from an existing algae-to-energy demonstration scale farm.
You can make a coherent, logical argument for cars that don't burn gasoline without once mentioning global petroleum supply. You can talk about international relations and the power of gasoline exporters (just read the first three paragraphs of this for a bit of history). You can talk about climate change. You can talk about the health effects of CO2 in the air. But the fact remains that gasoline (or diesel) remains the go-to fuel for almost every passenger vehicle on the planet, so the question
Might want to buy some stock in whatever company you think makes the most fuel-efficient cars.
It's not much, but Americans are using more fuel this year than last year. Numbers released by the American Petroleum Institute show that U.S. petroleum deliveries increased by 2.5 percent in September 2011, compared to September 2010. API chief economist John Felmy – always the economist, that's for sure – released this statement:
U.S. gasoline demand fell by 1.3 percent to a ten-year low for the month of August, thanks to consumer sentiment that is still stalled even as industry demand for diesel fuel shot up by 10.8 percent, according to the American Petroleum Institute (API). On a year-to-date basis, demand for gas was two percent lower than in 2010. API chief economist, John Felmy, released a statement claiming the economy is to blame for weak demand for gas:
Last week, the Environmental Protection Agency (EPA) and the U.S. Justice Department announced a settlement to resolve claims that Rocky Mountain Pipeline System, LLC, Western Convenience Stores, Inc. and Offen Petroleum, Inc. illegally mixed and distributed more than one million gallons of gasoline. The trio of companies will be required pay a $2.5 million civil penalty for the distribution of illegal gas that did not meet Clean Air Act emissions and fuel quality requirements.
More than two years ago, the price of oil soared to over $100 dollars a barrel. Today, it's not nearly that high, but at a price of $88.21 in the U.S., oil is slowly creeping up, thanks in part to soaring fuel consumption that's linked to a rebounding economy.
The cosmic oil-consumption scales have been tipping back and forth a lot this week. On Tuesday, Nissan revealed that its all-electric Leaf will be priced lower than most of us expected. On Wednesday, President Obama announced that we'll be ramping up our off-shore drilling efforts on the East Coast. And on Thursday, the EPA and NHTSA announced changes to the nation's CAFE standards, upping them to more than 34 miles per gallon by 2016 and regulating green house gasses for the first time. So, in
With all the attention being paid to alternative fuels, it is not surprising that Big Oil should launch a PR counteroffensive. The American Petroleum Institute (API), advertising itself as "the People of America's Oil and Natural Gas Industry," is running a new TV ad, Delivering America's Energy Security, which can be viewed at their website at energytomorrow.com. Their contention is that there is still so much oil under America that we can achieve energy independence without getting off oil for
With gas prices as they are, getting a fill-up can feel a little bit like an adventure -- as in 'just where am I going to locate the money to fill up my Suburban this week?' I don't personally remember it, but I've heard about the long lines that existed in the 1970s, when getting gas seemed nigh impossible. But, imagine if you lived in Bali and got a container of gas on a street-side shop like the one you see pictured above? Some questions could arise. Like, for instance, what octane? Eh, who c
Click the image above for a host of high-res pics of the AC Schnitzer GP3.10
In conjunction with other measures to protect the U.S. from crude oil price shocks such as promoting alternative fuel research and production, President Bush has announced an expansion of the U.S. Strategic Petroleum Reserves. The reserves, which were established in 1975 following the Arab oil embargo, are assets designed to limit the effects of severe supply disruption.