Having posted two environmental pluses from low oil prices, we look at a negative—the effect on sales of EVs would seem to be one of the more evident downsides. How will alternative-fueled vehicles compete in the marketplace when gas costs $2.30?
Dec 27, 2014 San Francisco Chronicle
Recently we noted that Chevron had dropped their Arctic lease due to falling oil prices. With falling gasoline prices, Americans may no longer see the Keystone XL pipeline as urgent. In addition, President Obama appears likely to oppose the project.
Dec 26, 2014 The Wall Street Journal
According to a Quinnipiac University Poll, New Yorkers upstate, downstate, Democrat, and Republican, all supported Gov. Andrew Cuomo's decision to ban fracking—only energy companies and some businesses and property owners expressed dismay.
Dec 24, 2014 Newsmax
After a failed attempt to increase the fuel tax, itself a form of carbon tax on gas and diesel sales, Gov. Jay Inslee seeks to use revenue from carbon permits purchased by stationary sources in a new cap-and-trade program to pay for transportation.
Dec 21, 2014 The Seattle Times
The high cost of drilling for oil in the Arctic, combined with the lowest oil prices in five years, have caused Chevron Corp. to drop their test well drilling program in Canada's Beaufort Sea.
Dec 19, 2014 The Wall Street Journal
Mirroring a previously reported increase in gasoline consumption in California, the vehicle miles traveled increase over last year is the largest in a decade. The reasons are the same: cheaper gas and an improved economy with more people working.
Dec 19, 2014 The Sacramento Bee
Gov. Andrew Cuomo finally made a decision—make it permanent in 2015. Fracking foes won an important battle as the Empire State has massive natural gas reserves in the Marcellus shale play. In the end, health issues trumped economics.
Dec 18, 2014 Vox
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A University of Minnesota study published in PNAS looks at alternatives including ethanol and electricity and determined that "it's hard to beat gasoline." Even electric vehicles can do better or worse depending on how utilities source electricity.
Dec 17, 2014 AP via ABC News
Known as the Lima Accord, after the capital of Peru where representatives from 200 nations met for two weeks, a deal was reached to reduce greenhouse gas emissions in preparation for talks to be held in Paris in December. But is it strong enough?
Dec 16, 2014 The New York Times