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The days of Big Oil’s market domination in transportation fuel may be nearing its end. According to a Lux Research report, the trillion-dollar oil industry – which gets 80 percent of its revenues from transportation fuels – needs to diversify to counter serious threats from alternative fuels and battery technologies. Another market force came from […]

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ExxonMobil is lobbying for a carbon tax credit in Washington, which would support its natural gas division and could deflect investigations into its climate change scandal. Calling for the federal government to enact a revenue-neutral tax on carbon would encourage carbon producers like oil companies and power plants to shift to energy sources that emit […]

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The U.S. Environmental Protection Agency is proposing a modest increase in the amount of corn-based ethanol and biofuels blends that will be mixed into gasoline and diesel sold at fuel pumps in 2017. The EPA wants to see 18.8 billion gallons blended into the nation’s fuel supply in 2017, up 4 percent from the 18.11 […]

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