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Government, Business, Technology, Fuel

Nikola Whistleblower Made $600,000 Off Short Sale, Jury Told

Nikola founder Trevor Milton (center) exits court on Sept. 12. Nikola founder Trevor Milton (center) exits court on Sept. 12. (Stephen Yang/Bloomberg News)

A former Nikola Corp. contractor whose allegations of fraud at the electric truck company helped spur a criminal investigation told a federal jury he made $600,000 off a short seller’s report on Nikola.

September 14, 2022
Government, Business, Technology, Fuel

Biden Touts EVs at Detroit Auto Show

President Biden tours the auto show in Detroit President Biden tours the auto show in Detroit. (Evan Vucci/Associated Press)

DETROIT — President Joe Biden, a gearhead with his own vintage Corvette, is showcasing his administration’s efforts to promote electric vehicles during a visit Sept. 14 to the Detroit auto show.

Colleen Long and Tom Krisher | Associated Press
September 14, 2022
Government, Fuel

Biden Issues Offshore Drilling Rights Under Climate Mandate

Pipes and mooring lines used for oil drilling Pipes and mooring lines used for oil drilling. (Luke Sharrett/Bloomberg News)

The Biden administration on Sept. 14 issued oil and natural gas leases to companies that nabbed the Gulf of Mexico drilling rights in a government auction later invalidated by a federal court.

Jennifer A. Dlouhy | Bloomberg News
September 14, 2022
Government, Business, Fuel

Biden Officials Weigh Buying Oil at Around $80 to Refill Reserves

pump jacks A pump jack operates in an oil field in Midland, Texas. (Tony Gutierrez/Associated Press)

The U.S. may begin refilling its emergency oil reserve when crude prices dip below $80 a barrel, according to people familiar with the matter.

September 13, 2022
Government, Business, Fuel

US Inflation Falls for 2nd Straight Month on Lower Gas Costs

Inflation Daniel Acker/Bloomberg News

WASHINGTON — Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households.

Christopher Rugaber | Associated Press
September 13, 2022
Government, Fuel

Diesel Drops 5.1¢ to $5.033 in Second Straight Decline

Diesel delivery to Mississippi gas station Fuel is distributed to a service station in Mississippi. The Gulf Coast dropped 3.6 cents to settle at $4.76 a gallon. (Rogelio V. Solis/Associated Press)

The national average price of diesel slid 5.1 cents to $5.033 a gallon, according to Energy Information Administration data released Sept. 12.

Connor D. Wolf | Staff Reporter
September 12, 2022
Business, Technology, Fuel

Hyliion Names Jon Panzer Chief Financial Officer

Hyliion truck Hyliion's Hypertruck Electric Range Extender (ERX). (Hyliion)

Hyliion Holdings Corp. announced Jon Panzer joined the company as chief financial officer.

September 12, 2022
Government, Business, Technology, Fuel, Autonomous, TCA

Pennsylvania Turnpike Explores Electrified Road Services for EVs

Pennsylvania turnpike Jan Murphy/Tribune News Service

The Pennsylvania Turnpike is jumping into solar energy production to power its maintenance and office buildings with a long-term goal: using solar-generated power to electrify portions of the toll road so electric vehicles can charge as they travel.

Ed Blazina | Pittsburgh Post-Gazette
September 12, 2022
Government, Business, Technology, Fuel

Biden to Boost Biomanufacturing to Compete with China

soybeans (Rory Doyle/Bloomberg News)

President Joe Biden is poised to sign an executive order Sept. 12 to help expand U.S. biomanufacturing and reduce reliance on China.

Riley Griffin | Bloomberg News
September 12, 2022
Business, Technology, Fuel

North Carolina Wins Wolfspeed Semiconductor Materials Plant

Gregg Lowe and Roy Cooper Wolfspeed CEO Gregg Lowe (left) receives a piece of pottery as a gift from Gov. Roy Cooper during an economic development announcement ceremony Sept. 9. (Travis Long/The News & Observer via AP)

RALEIGH, N.C. — A North Carolina-based semiconductor company announced Sept. 9 it will build a $5 billion manufacturing plant in its home state to produce silicon carbide wafers, which is emerging as a favored part for renewable energy products and electric vehicles.

Gary D. Robertson | Associated Press
September 9, 2022