DETROIT (AP) — Drivers trying to calculate whether it's practical to own an electric car are facing a new math.
U.S. gas prices have fallen more than $1 per gallon over the last 12 months, to a national average of $2.06, according to AAA. That makes electric cars — with their higher prices tags — a tougher sell.
Paul Witteman, founder of Greenspring Energy in Maryland, has filed for bankruptcy claiming more than $4 million in debts and angering former customers, to whom he owes money, the Baltimore Sun reports.
A wind farm in Indiana that Amazon will be developing alongside partner Pattern Energy Group should generate 500,000 megawatt hours of electricity annually, which will be used to power the company’s Web Services data centers, The Seattle Times reports.
TOKYO (AP) — Toyota Motor Corp. stayed at the top in global vehicle sales in 2014, taking that auto industry crown for the third year straight, but was less upbeat about this year.
The Japanese automaker sold 10.23 million vehicles, beating out Volkswagen and General Motors. But it expects to sell fewer trucks and cars this year, forecasting sales will fall 1 percent year-on-year to 10.15 million vehicles, according to numbers released Wednesday.
Islands, which are often reliant on expensive imported fuel sources for their electricity, are looking to innovate with renewable energy to solve their power problems, and some Maine residents recently visited Denmark to visit an offshore wind farm and see what ideas their counterparts have come up with across the Atlantic, The New York Times reports.
The latest job census from the Solar Foundation says 174,000 people were working in the solar industry at the end of 2014, an increase of 31,000, or 22 percent, from the year before, and the group says hiring should jump even more this year, Bloomberg reports.
The Tennessee Regulatory Authority has granted approval to extend a transmission line to bring Oklahoma wind power as far as Memphis, Clean Line Energy Partners told the Chattanooga Times Free Press, adding that the project, among other things, still needs an approval from the Department of Energy for joint work with the Southwestern Power Administration.
Offshore wind energy in the Atlantic offers the potential to generate twice as much energy and twice as many jobs as offshore drilling, says a report from the conservation group Oceana, according to the Daily Press in Virginia.
Oil prices surged 8.3 percent in Friday trading as rig data suggested a slowdown in shale oil development, with Brent crude rising $3.86 to $52.99 a barrel and U.S. crude climbing $3.71 to settle at $48.24 a barrel, Reuters reports.
A survey conducted by Reuters reports that OPEC output rose by 130,000 barrels per day in January as Angola boosted exports and Persian Gulf producers kept steady or increased output, a signal that some members plan to stay the course on maintaining output despite low oil prices.
Despite the collapse of crude oil prices last year, the latest Commerce Department report of gross domestic output showed outlays for new oil rigs and wells rose 8.9 percent in the fourth quarter of 2014, even as equipment spending across all U.S. businesses fell, Bloomberg reports.
Chevron CEO John Watson, after his company reported lower profits and announced budget cuts, voiced optimism for long-term industry prospects, saying the price of oil will have to rise above $50 per barrel to support new exploration to meet energy needs, FuelFix reports.
A new poll conducted by The New York Times, Stanford University and Resources for the Future suggests that more than two-thirds of Americans, including 48 percent of Republicans, say they consider themselves more likely to support a candidate who supports action to combat climate change.
The National Biodiesel Board in a letter to the Environmental Protection Agency voiced frustration with the agency's delayed implementation of biodiesel mandates, saying the slow movement has caused some producers to reduce staff and forced others into bankruptcy, The Hill reports.
A survey of economists by Bloomberg projects that many of the world's largest crude oil exporters like Saudi Arabia, Kuwait and Qatar could see budget surpluses take hits and slip into deficits as global oil prices remain low.
Chevron, after posting a 30 percent decrease in earnings from the previous year in the fourth quarter 2014, abandoned plans to explore for shale gas in Poland, dealing a blow to efforts to develop hydraulic fracturing and shale drilling industries in Europe, The New York Times reports.
In an interview with E&E, Rep. Cynthia Lummis, R-Wyo., vice chairwoman of the Natural Resources Committee and leader of a new Interior and EPA oversight panel, discusses her familiarity with development and ranching issues in western states and her plans to limit Obama administration regulations on public land use.