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Government, Business, Fuel

Larry Kudlow Hatches New Plan to Boost Biofuel Mandates

corn plants Corn plants grow in Churdan, Iowa. (Daniel Acker/Bloomberg News)

White House economic adviser Larry Kudlow is developing a new plan to bolster biofuel-blending requirements after ethanol allies in politically important farm states complained the current proposal doesn’t do enough to compensate for waivers exempting some small refineries from the mandates.

December 4, 2019
Government, Business, Fuel

OPEC Nations Grapple With Oversupply of Oil

oil drilling rig A pump jack operates in an oil field in the Permian Basin in Texas. (Jacob Ford/Odessa American via AP)

The world may be heading for an even greater oversupply of oil, and that possibility — which could drive down fuel and energy prices — is hanging over members of the OPEC cartel as they head into negotiations Dec. 5. 

Cathy Bussewitz | Associated Press
December 4, 2019
Government, Business, Safety, Fuel

Engineering Group ACEC Opposes Bill That Removes Regulations on Construction Material Suppliers

Harley Rouda Rouda speaks at a hearing. (Sait Serkan Gurbuz/Bloomberg News)

A group representing engineers is pushing back on recently introduced legislation that aims to develop projects through open competition among suppliers of construction materials.

Eugene Mulero | Staff Reporter
December 4, 2019
Business, Technology, Fuel

Carmakers Shed 80,000 Jobs as Electric Shift Upends Industry

Workers at Daimler Equipment is set into a truck chassis at Freightliner's Cleveland, N.C., plant. Freightliner is a subsidiary of Daimler Trucks North America. (Freightliner via YouTube)

It’s turning out to be one of the worst years ever for auto workers across the globe amid shrinking demand and a tectonic shift in vehicle technology.

December 4, 2019
Government, Business, Technology, Fuel

Trump Asks Court to Toss California Auto Emissions Lawsuit

110 freeway near downtown Los Angeles An aerial view looking south over the 110 freeway through downtown Los Angeles. (Matt Gush/Getty Images)

President Donald Trump’s administration asked a federal judge to throw out California’s lawsuit seeking to preserve its power to regulate tailpipe greenhouse gas emissions, saying Washington has the last word in setting fuel economy standards.

Andrew Harris | Bloomberg News
December 3, 2019
Business, Technology, Fuel

Billionaires Investing in China’s Electric Cars Face Shakeout

Electric car The Xpeng G3. (Qilai Shen/Bloomberg News)

Some of China’s wealthiest tycoons steered billions of dollars into electric car companies to fuel the country’s dreams of becoming a leader in the field. Now a reckoning may be looming as car sales slow and the government reduces subsidies for the nascent industry.

December 3, 2019
Business, Technology, Equipment, Fuel

Nikola Battery-Electric Truck Slated for Europe in 2021

Nikola TRE hydrogen fuel cell truck Nikola debuted the TRE hydrogen fuel cell truck for the European market April 16, 2019. (Nikola Motor Co./YouTube)

Nikola Corp., Iveco and FPT Industrial announced they have begun development of their joint venture’s first truck: the battery-electric Nikola TRE.

Roger Gilroy | Staff Reporter
December 3, 2019
Government, Business, Technology, Safety, Fuel, Autonomous

Diesel Inches Up 0.4¢ to $3.07 Per Gallon

Trucks fill up on diesel Diesel costs 13.7 cents less than it did a year ago. (John Sommers II for Transport Topics)

The U.S. average retail price of diesel rose 0.4 cent to $3.07 a gallon, the Department of Energy reported Dec. 2.

Roger Gilroy | Staff Reporter
December 2, 2019
Government, Business, Fuel

OPEC+ Gambles That US Shale’s Golden Age Is Over

drill rig A pumpjack operates as a drill rig sits on a well pad in the Bakken Formation in Williston, N.D. (Daniel Acker/Bloomberg)

When the Organization of Petroleum Exporting Countries meets this week, ministers will discuss whether to extend their current output target, because they believe relentless U.S. oil production growth will slow rapidly next year.

Javier Blas | Bloomberg News
December 2, 2019
Government, Business, Fuel

Diesel Falls 0.8¢ to $3.066 a Gallon

Diesel pump Diesel prices fell in six regions and rose in four. (Associated Press)

The U.S. average retail price of diesel dipped 0.8 cent to $3.066 a gallon, the Department of Energy reported Nov. 25.

Roger Gilroy | Staff Reporter
November 25, 2019