oil

 
Oil in ground may be worth less, Exxon concedes, unhappily

Oil in ground may be worth less, Exxon concedes, unhappily

As low oil prices remain steady, many oil companies have been forced to write down the value of their reserves. It's something oil giant ExxonMobil has resisted, even as its revenues have dropped. But the company is now expected to reassess the value of 3.6 billion barrels of oil-sand reserves, and... read more

November 10, 2016 by -
 
1976 Chrysler Cordoba Sport Coupe

Did you know Exxon researched hybrid cars (then ignored them)?

Hybrid cars are often thought of as a fairly recent development, but few things under the sun are truly new. In response to the 1970s oil crises, engineers began... read more October 14, 2016 by


 
Oil well (photo by John Hill)

U.S., China peer-reviewed reports lay out huge subsidies for fossil fuels

Critics of the renewable-energy industry argue that it's unfair that energy sources such as wind and solar often benefit from government subsidies. But the volumes and... read more September 22, 2016 by


 
Gasoline shortage due to ruptured pipeline, September 2016

Southeast gasoline drivers to get range anxiety after pipeline rupture?

The term "range anxiety" is commonly associated with electric cars because of relatively short ranges for many of them, along with a lack of charging infrastructure in many... read more September 20, 2016 by


 
Oil well (photo by John Hill)

What does OPEC think about electric cars? Same as Exxon: no threat

Just over five years after the first modern electric cars went on sale in significant numbers, they have become firmly entrenched in the marketplace. Carmakers are planning... read more September 1, 2016 by


 
Natural gas flaring from oil well [licensed under Creative Commons from Flickr user Sirdle]

Oil and gas fracking industry targets Millennials for support

The oil and gas industries certainly know how to tailor their messages to specific demographics. The process of hydraulic fracturing—commonly known as... read more August 22, 2016 by


 
Oil field (Image: Flickr user johnny choura, used under CC license)

U.S. states agreed to keep Exxon climate-deception probe secret: here's why

As far back as the 1970s, Exxon conducted research that confirmed the occurrence of climate change—and that burning fossil fuels is a major contributor to it. But the... read more August 14, 2016 by


 
Oil field (Image: Flickr user johnny choura, used under CC license)

Oil is cheap, so Kuwait raised its own gas price to compensate

Cheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. The sustained fall in global prices has led oil-producing countries... read more August 4, 2016 by


 
Oil well (photo by John Hill)

Wealthy nations on fossil-fuel subsidies: we'll end them...later

The world's wealthiest nations have not yet been able to commit to end subsidies to the fossil-fuel industry, even in the face of growing alarm over climate change. Members... read more July 5, 2016 by


 
Gas pump

Gasoline demand rises in U.S., China, and India; more growth expected

Gasoline prices, which fell below $2 a gallon in many parts of the United States over the winter, have been slowly rising again. And given the supply-and-demand equations in... read more May 20, 2016 by


 
Mercedes-Benz energy storage system

French oil company Total agrees to buy battery maker Saft

Energy storage has never been the subject of more research, capital investment, and business interest than it's experiencing in this decade. With lithium-ion cells at the... read more May 12, 2016 by


 
FuelCell Energy fuel-cell power plant (Photo by FuelCell Energy)

Exxon backs carbon-capture technology to feed fuel cells

ExxonMobil is backing a new process that would capture carbon dioxide from power plants, and use it to feed fuel cells. The oil giant announced Thursday that it is expanding... read more May 8, 2016 by


 
Bentley Continental GT races a train across Saudi Arabia

Even Saudi Arabia vows to end its 'addiction to oil'

Oil-rich Saudi Arabia is now starting to contemplate a future in which gasoline and diesel now longer power the majority of the world's cars. Over the next decade and a half... read more April 27, 2016 by


 
Shell Concept Car

Shell unveils latest ultra-efficient city car, designed by Gordon Murray

A year ago, famed car designer Gordon Murray announced a collaboration with former Honda engine specialist Osamu Goto and oil company Shell, to be called "Project M." The... read more April 22, 2016 by


 
Bentley Continental GT races a train across Saudi Arabia

Saudi Arabia will have $2 trillion to figure out an economy after oil

Oil-rich Saudi Arabia could find itself in a vulnerable position if world economies shift away from fossil fuels for transportation over the coming decades. The Middle... read more April 5, 2016 by


 
Oil field (Image: Flickr user johnny choura, used under CC license)

Will electric cars cause oil price to crash? Navigant says no

As electric cars become more widespread, they have the potential to drastically reduce the need for oil. That will lead to reduced transportation-related carbon emissions and... read more March 27, 2016 by


 

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