BP Says Technology Can Keep Oil and Gas Abundant, Affordable
Technology can be used to increase the world’s proven oil and gas reserves by two-thirds — almost double the amount needed to meet demand through 2050 — keeping energy supplies plentiful and affordable, according to BP.
November 3, 2015Rep. Earl Blumenauer Aims to Raise Fuel Tax by 15 Cents
As the House of Representatives begins to consider long-term transportation legislation, Rep. Earl Blumenauer (D-Ore.) plans to offer an amendment to the $325 billion bill that would raise the federal fuel tax by 15 cents a gallon.
November 2, 2015Rhode Island Trucking Association Offers Alternative to Gov. Raimondo’s Plan
When Rhode Island Gov. Gina Raimondo announced her transportation plan based on truck tolling Oct. 8, Rhode Island Trucking Association President Chris Maxwell called RhodeWorks “ridiculous.”
October 28, 2015National Diesel Average Declines for Second Consecutive Week
The average price of diesel fuel in the United States declined 3.3 cents a gallon to $2.498, the second consecutive weekly decline, the Department of Energy reported Oct. 26.
October 27, 2015US Plans to Sell Down Strategic Oil Reserve to Raise Cash
The United States plans to sell millions of barrels of crude oil from its Strategic Petroleum Reserve from 2018 until 2025 under a budget deal reached Oct. 26 by the White House and top lawmakers from both parties.
October 27, 2015Oil at $50 Is ‘Gift to World’ Says OPEC Member
Oil at $50 a barrel is a “gift to the world” as prices should be low enough to spur economic growth, according to the head of Abu Dhabi’s Department of Economic Development.
October 26, 2015National Diesel Average Declines 2.5¢ to $2.531 a Gallon
The average price of diesel fuel in the United States declined 2.5 cents a gallon to $2.531, the Department of Energy reported Oct. 19.
October 20, 2015Trailer Makers Say GHG Plan Exceeds EPA’s Legal Authority
Trailer makers are troubled by the Phase 2 proposal on greenhouse-gas emissions, with some asserting the agencies involved exceeded their regulatory authority and others arguing the mandates are overly aggressive and based on faulty assumptions.
October 19, 2015UTi Worldwide Agrees to Buyout by DSV Group for $1.35 Billion
UTi Worldwide, a U.S.-based air and ocean freight forwarder that has been struggling to reverse a downward trend in revenue and profits, has agreed to a buyout by Danish freight forwarder and transportation firm DSV Group for $1.35 billion.
October 19, 2015Diesel Jumps 6.4¢ to $2.556;Gasoline Rises 1.9¢ to $2.337
The average price of diesel fuel in the United States rose 6.4 cents a gallon to $2.556, the largest increase in more than two years, the Department of Energy reported.
October 19, 2015