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Month: January 2016

Category:
  • Prices
  • USA

U.S. average gasoline price falls below $2.00 per gallon for first time since 2009

Based on EIA’s weekly survey of gasoline prices, the U.S. average retail price for regular gasoline fell to $1.996 per gallon (gal) on January 11, falling below $2.00/gal for the Continue Reading

Posted On : 15 Jan 2016 Published By : Tom Whipple
Category:
  • Transportation

Obama plans $4bn boost for driverless cars

The Obama administration is hoping to accelerate testing of fully autonomous vehicles in the US by creating a “consistent national policy”, threatening to override a patchwork of state rules around Continue Reading

Posted On : 15 Jan 2016 Published By : Tom Whipple
Category:
  • exports
  • USA

Glitch at LNG Plant Delays Cheniere’s Natural-Gas Exports

The ​natural gas shipment had been expected to depart from the Houston-based company’s Sabine Pass plant in southwest Louisiana later this month. Cheniere said the shipment had been postponed until Continue Reading

Posted On : 15 Jan 2016 Published By : Tom Whipple
Category:
  • USA

U.S. Proposes Spending $4 Billion to Encourage Driverless Cars

The Obama administration proposed spending nearly $4 billion over a decade to make driverless cars on U.S. roads more widespread in an effort to curb fatalities and traffic jams. The Continue Reading

Posted On : 15 Jan 2016 Published By : Tom Whipple
Category:
  • Arctic
  • Climate

Shell lease requests offshore Alaska face scrutiny

A group of environmental activists filed a challenge to leases held by Royal Dutch Shell in Alaskan waters, citing the need to act on behalf of the climate. Earthjustice, working Continue Reading

Posted On : 15 Jan 2016 Published By : Tom Whipple
Category:
  • Economy
  • USA

Oil pressures spreading, Dallas Fed finds

A survey from the Dallas Federal Reserve finds pressure from energy sector weakness may be spilling over into other parts of the economy. “Demand for oilfield services remained depressed as Continue Reading

Posted On : 15 Jan 2016 Published By : Tom Whipple
Category:
  • p-
  • USA

White House readying overhaul of fossil fuel program: sources

The Obama administration is preparing to announce as soon as Friday an overhaul of how the nation manages coal development on federal land, according to government and conservationist sources, in Continue Reading

Posted On : 15 Jan 2016 Published By : Tom Whipple
Category:
  • Climate

Rare January Hurricane Forms in the Atlantic, Headed for the Azores Islands

The first January-born hurricane in the Atlantic Ocean since 1938 formed on Thursday, and headed toward Portugal’s Azores islands. Hurricane Alex strengthened from a tropical storm into a Category 1 Continue Reading

Posted On : 15 Jan 2016 Published By : Tom Whipple
Category:
  • Russia

Ruble Extends Weekly Drop With Oil as RBS Says Selloff Not Over

The ruble fell, extending the biggest drop in emerging markets this week, as the Royal Bank of Scotland Plc said it has a bearish outlook on concern oil will continue Continue Reading

Posted On : 15 Jan 2016 Published By : Tom Whipple
Category:
  • Prices

Brent Crude Trades Near $30 as Iranian Sanctions Removal Looms

Brent oil swung between gains and losses near $30 a barrel as Iran moved closer to boosting exports and exacerbating a global glut. Futures advanced as much as 1.1 percent Continue Reading

Posted On : 14 Jan 2016 Published By : Tom Whipple

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