Tag: oil price

electric cars

No One Wants To Buy Electric Cars. Good.

No one wants to buy electric cars. Americans bought just 102,600 such vehicles in 2015, a 17 percent decline from the previous year, according to researcher Autodata. Nissan Motor Co. sold 43 percent fewer of its all-electric Leaf and General Motors

John Moore/AP

Saudi Arabia Pumps Oil Before Iran Sanctions Lifted

Fearing a flood of crude oil when the Iran sanctions are lifted in the next few months, Saudi Arabia is pumping an extra 1.5 million barrels a day and signing long-term export contracts at low prices in a desperate effort to grab cash flow and avoid bankruptcy.

Alberta Oil Companies Hemorrhage Cash After NDP Tax Hike

President Obama is not alone in wielding governmental power to clamp down on carbon-emitting energy. While he weaponizes the Environmental Protection Agency to take on coal-powered energy, potentially shutting down hundreds of coal-fired power plants, Alberta’s new socialist NDP government is pushing ostensibly environmentally-minded policies against oil on shared premises of combating “climate change.”

JAE C. HONGAP

U.S. Natural Gas Price Collapsing after EPA Says Fracking Safe

The global shock from the release of the U.S. Environmental Protection Agency (EPA) long-postponed draft report stating that hydraulic fracturing (fracking) has not had a “widespread, systemic impact on drinking waste” caused “cheap” natural gas prices to collapse another 16 percent.