article thumbnail

Opinion: Political Climate Shifting Against The Oil And Gas Industry

Green Car Congress

Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. Drilling oil and gas wells requires a lot of money. For companies that have seen their revenues vanish because of collapsing oil prices, access to credit is obviously critically important.

Oil 150
article thumbnail

Report: California Gasoline No Longer the Most Expensive

The Truth About Cars

From The Seattle Times : Now oil companies are choosing to pass on the compliance fees, the experts say. Those costs add up to about 50 cents per gallon for the consumer, according to the Oil Price Information Service, a Dow Jones company that collects fuel-pricing information for many clients, including AAA.

article thumbnail

Opinion: Blaming Rising Fuel Prices on High Temps is Dumb

The Truth About Cars

It’s often the key argument for why you’re paying more at the pump — apparently, it’s all about climate change.& If the oil industry is truly hamstrung by logistical issues created by climate change, it probably would not be enjoying such staggering profitability.

Price 68
article thumbnail

Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

Green Car Congress

A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

Oil 150
article thumbnail

Will green initiatives mean oil demand peaks before supply?

Green Cars News

A new study into ‘peak oil’ will question whether the theory should really be about ‘peak oil demand’ rather than supply. As concerns about climate change, energy security and oil price volatility coupled with advances in low carbon technology could mean that demand for oil peaks before the world’s capacity to supply it does.

Oil 46
article thumbnail

Perspective: Government Leadership Needed for Electric Vehicles to Succeed

Green Car Congress

Jack Rosebro, founder of Perfect Sky in Los Angeles [and a contributor to Green Car Congress ], spoke of the need for government policy makers to move beyond incremental changes that are not providing enough incentive for the market to produce alternatives to oil as the almost exclusive source of energy for road and rail transportation.

article thumbnail

Nissan Pushes the Plug

Plug In Partners

will develop a new hybrid vehicle technology on its own, which would end a joint agreement with Toyota Motor Corp., In the wake of rising oil prices, demand for hybrid models has grown rapidly, leading Nissan to reconsider its previous stance of cooperating with Toyota on hybrid developments, the sources said.

Nissan 100