Obstacles to more U.S. oil are surmountable, according to analysts, yet will take months to work through and it could be late this year or early next before a significant production increase materializes.
Called Thriving Buildings, the program’s initial phase includes voluntary participation by private building owners while mandating participation for some municipal buildings.
The plan largely ignores White House calls to replenish the mail-service fleet with electric vehicles and has drawn sharp criticism from the Biden administration, Democratic lawmakers and environmentalists.
A further round of talks between Russian and Ukrainian officials on Monday will focus on discussing a potential ceasefire with an immediate withdrawal of troops and security guarantees, Ukraine negotiator Mykhailo Podolyak said.
The surcharge will be in effect for at least 60 days, after which Uber said it will assess the situation.
Duke Energy won’t be allowed to make its customers pay the more than $210 million needed to recoup coal-ash cleanup costs after the utility failed to follow the proper steps to recover those expenses, the Indiana Supreme Court ruled.
The average price for unleaded gas in Indiana’s neighboring state to the north has climbed to nearly $4.25 per gallon, up 62 cents in a week and 88 cents in a month, according to AAA Michigan.
The average price for a gallon of gasoline in the U.S. hit a record $4.17 Tuesday, rising by 10 cents in one day, and up 55 cents since last week, according to auto club AAA.
Oil prices soared early Monday before retreating. Benchmark U.S. crude surged to $130 a barrel overnight, then moderated to around $119, a 3% gain, in afternoon trading. The international price skyrocketed to $139 before falling back to about $123 a barrel.
The proposal released Monday by the Environmental Protection Agency would require the industry to cut nitrogen oxide emissions by up to 90% per truck over current standards by 2031.
The surge followed a warning from Russian President Vladimir Putin that Ukrainian statehood was imperiled as Russian forces battered strategic locations.
During the first full week of Russia’s invasion of Ukraine, the price of regular gas rose by almost 41 cents, according to the AAA motor club.
The Indiana Senate narrowly upheld a veto that Gov. Eric Holcomb issued last year on a bill that would have required additional labeling for fuel pumps distributing E15, a fuel blend that contains up to 15% ethanol in gasoline.
Legislation setting voluntary statewide standards for large wind and solar projects is on its way to the governor, but without a key provision to entice local governments to adopt the standards.
The leaders of OPEC and its oil-producing allies plan to gradually increase oil production while Russia’s invasion of Ukraine rattles markets, reshapes alliances, kills civilians and sends the price of crude skyrocketing.
Oil passed $110 a barrel, aluminum hit a fresh record and wheat rose to the highest since 2008. In Europe, natural gas prices and coal set all time highs, deepening the region’s energy crisis.
All 31 member countries of the International Energy Agency have agreed to release oil from their strategic reserves—half of that from the United States—“to send a strong message to oil markets” that there will be “no shortfall in supplies.”
The justices, in arguments Monday, are taking up an appeal from 19 mostly Republican-led states and coal companies over the Environmental Protection Agency’s authority to limit carbon dioxide emissions from power plants.
The panel plans to focus first on urban forests and parklands, then recycling and solid waste, then equitable health and infrastructure investments.
The parent of electric utility AES Indiana announced Friday morning it plans to give up coal as a fuel source, a move likely to lead to the early shutdown of coal-fired units at its massive Petersburg Generating Station.
