Energy
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Iranian crude oil exports plummet in the face of US blockade of Strait of Hormuz
On July 14, Trump reimposed the blockade in retaliation for Iran attacking oil tankers transiting the strait. Iran's crude exports are down 70% in August from 893,000 bpd last month.
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US close to making a deal for an ownership stake in Venezuelan oil fields: report
If the deal is closed, the fields will add 90 billion barrels of proven oil reserves to the U.S. total inventory.
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US Army plans to build nuclear microreactors at 5 military bases in $2.2 billion program
The Army said it expects to build and operate more than 20 nuclear microreactors across Department of War installations.
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Trump administration picks expert who disputes climate crisis narrative to head key climate program
Feeling that a career in academia would be too restrictive on his intellectual freedom, Dr. Matt Wielicki left the university and has since called himself a "professor in exile."
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Ford's EV sales drop 40% in the second quarter
The company's new vehicle sales, which includes its gas-powered lines, dropped 10.3% in the quarter.
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Justice Department, FTC ask state AGs to investigate Trump's allegations of gasoline price gouging
In their letter, the FTC and DOJ direct state attorneys general to investigate, under their state laws, Trump's allegations that since gasoline prices haven't immediately dropped as oil prices have, then Big Oil is engaging in illegal price gouging.
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Tesla deliveries beat expectations in second quarter after consecutive annual declines
The company said that its entry-level Model 3 sedan and Model Y SUV accounted for 97% of its deliveries.
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Blue states have higher electricity costs, and net zero policies are to blame, analysis shows
Always On Energy Research and the Institute for Energy Research performed an analysis last year showing that blue states have higher rates than red states.
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Gas prices ease up on Fourth of July travelers, with most Americans paying under $4 per gallon
In the lower 48 states, drivers in Indiana will be paying the least on Thursday, at $3.13 per gallon, and drivers in California will be paying the most, at $5.40 per gallon.
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World Bank revamps green energy funding, but clean energy stays
Change comes after Trump administration officials criticized the Bank's fixed percentage mandates, claiming they distorted growth in the global economy.
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Federal appeals court upholds New York’s 'gas stove ban' amid legal challenge
Court rejected a lawsuit by natural gas industry groups challenging a provision of New York's All-Electric Buildings Act, which would ban gas hookups in new buildings under seven stories, among other restrictions.
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General Motors 2Q sales take a hit as demand for EVs continues to decline
The Detroit automaker's EV sales during the second quarter were down 33% compared to the same quarter last year.
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Already among highest in nation, California gas price goes up again with another state tax hike
The state’s gas tax goes up every year on July 1 under a 2017 law in order to pay for roads, highways and public transportation.