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Bloomberg Intelligence: US border tax could boost gasoline prices average $0.30/gallon

Green Car Congress

If the proposed broad 20% border-adjustment tax were implemented and applied to the energy sector, the result would likely lead to a large increase in gasoline prices and a big premium in domestic oil prices vs. international, according to new analysis by Bloomberg Intelligence. Pump prices could rise an average $0.30

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TransCanada terminates Energy East Pipeline and Eastern Mainline projects

Green Car Congress

TransCanada Corporation is halting the application process for its proposed Energy East Pipeline and Eastern Mainline projects in Canada. million barrels of crude oil per day from Alberta and Saskatchewan to the refineries of Eastern Canada and a marine terminal in New Brunswick.

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Norweign Drivers switch to Electric Cars

EV Report

25 per cent consumption tax that is charged on most consumer goods are extra charged with purchase tax. But recently due to outbreak of COVID-19, sales of electric vehicles have been affected with the consumer markets being shaken and oil prices being plunged to high. In Norway, most cars are imported.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

Electric power generation from renewables is bolstered by legislation enacted at the beginning of 2013 extending tax credits for generation from wind and other renewable technologies. Pipeline exports to Canada grow by 1.2% Over the same period, pipeline imports from Canada fall by 30%, from 3.0 per year, from 1.0 Tcf in 2040.

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