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UN takes aim at Islamist oil grab in Syria, Iraq

The Peninsula -- UNITED NATIONS, United States: The UN Security Council yesterday backed a Russian initiative to bar trade in oil with Islamists in Iraq and Syria.

The 15-nation Council warned in a joint statement that buying oil from groups such as the Islamic State and Jabhat Al-Nusra fighting in Iraq and Syria could lead to sanctions.

“Such engagement constitutes financial support for terrorists and may lead to further sanctions listings,” the council said.

Russia presented the statement in late June, seeking to clamp down on middle-men who are selling the oil from Islamist-controlled areas.

Islamic groups such as ISIL, which rebranded itself as the Islamic State and Al-Nusra have seized oilfields and pipelines to bankroll their offensives.

The council said control of oil facilities “could...  (go to article)

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Iraq lays claim to Kurdish crude cargo in Texas court

Reuters -- Iraq filed suit on Monday in a Texas court to gain control of a cargo of crude oil from Iraqi Kurdistan that Baghdad says was sold without its permission.

The United Kalavrvta tanker, carrying some 1 million barrels of crude worth about $100 million, arrived off the coast of Texas on Saturday but has yet to unload its disputed cargo.

The ship, which is too large to enter the port of Galveston near Houston, was given clearance by the U.S. Coast Guard on Sunday to transfer its cargo offshore to smaller boats that would deliver it to the U.S. mainland.

Iraq, in its filing in U.S. District Court for the Southern District of Texas, asked for an order allowing the cargo to be seized by the U.S. Marshals Service.

Sale of Kurdish crude oil to a U.S. refinery would infuriate Baghdad, which sees  (go to article)

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Gas Prices Don’t Reflect Record Levels Of U.S. Refinery Output

Oil Prices ,com -- The price of gasoline in the United States will remain fairly static for the immediate future, even though refineries are working at record levels because of the surge in oil production.

 (go to article)

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IEA: $80 Billion In Power Wasted By Connected 'Things'

Forbes -- Once upon a time, you used to hear a lot about the “vampire power” load that televisions, monitors, desktops and other electronics equipment consume while in standby mode.  (go to article)

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Dealers Blamed for Dismal EV Market

Ward's Auto -- Luke Tonachel thinks he knows why battery-electric vehicles aren’t more popular: because dealership personnel aren’t well trained or motivated to sell them.

The senior analyst from the New York-based Natural Resources Defense Council spoke at a fuel-economy conference hosted last week by the University of Michigan Transportation Research Institute and says consumers frequently are just plain turned off by the dealership experience.

Tonachel cites ongoing research at the University of California-Davis that finds 83% of consumers are dissatisfied with the process of buying an EV. That compares with a 25% dissatisfaction rate for shoppers of conventional vehicles, he says.

“There’s a lot of opportunity to get dealers focused on understanding the benefits (of EVs) ..."  (go to article)

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Cool-burning flames in space, could lead to better engines on Earth

Science Daily -- A team of international researchers has discovered a new type of cool burning flames that could lead to cleaner, more efficient engines for cars. The discovery was made during a series of experiments on the International Space Station by a team led by Forman Williams, a professor of mechanical and aerospace engineering at the University of California, San Diego. Researchers detailed their findings last month in the journal Microgravity Science and Technology.
"We observed something that we didn't think could exist," Williams said.
A better understanding of the cool flames' chemistry could help improve internal combustion engines in cars, for example by developing homogenous-charge compression ignition. This technology is not currently available in cars. But it could potentially lead to eng  (go to article)

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Kemp: Forecasts for Higher Oil Prices Misjudge the Shale Boom

Rig Zone -- The world of energy may have changed forever," according to Professor James Hamilton of the University of California. "Hundred dollar oil is here to stay." Hamilton, who is one of the most respected economists writing about oil, made his bold prediction in a paper on "The Changing Face of World Oil Markets", published on July 20. "Old hands in the oil patch may view recent developments as a continuation of the same old story, wondering if the high prices of the last decade will prove another transient cycle with which technological advances will eventually catch up," he wrote. "But there have been dramatic changes over the last decade that could mark a major turning point." The shale revolution will turn out to be only a pause in the upward trend in prices, Hamilton argues, as growing dema  (go to article)

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EPA Says Industry Ahead of CAFE Curve

Ward's Auto -- ANN ARBOR, MI – The auto industry is working faster than expected and introducing new technologies that had not been foreseen by government regulators when long-term corporate average fuel-economy standards were promulgated in 2012, an Environmental Protection Agency official says.

“Innovations are coming at us faster than originally anticipated,” says Michael Olechiw, director of the EPA’s Light-Duty Vehicle Center here, at a powertrain conference hosted this week by the University of Michigan Transportation Research Institute.

The event was dedicated to an update of the midterm assessment of CAFE, which will result in a technical report issued by Nov. 15, 2017, and a final determination by April 2018.  (go to article)

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The shared role of oilfield safety

Bakken Breakout -- The Bakken is big business, but it's also a hazardous one...

Safety measures become paramount to ensure the people who live and work in the impacted areas can do so without fear of losing land, limb or even lives...

Safety issues are not taken lightly by most in the industry, and others have learned to make it a top priority based on past mistakes. Enbridge, a pipeline company, shifted its design standards to a new level after its pipeline ruptured four years ago and spilled a million gallons of crude oil in Michigan, contaminating 35 miles of the Kalamazoo River...

"It shook our organization to the core," Enbridge Vice President Paul Fisher said. "We need to operate in a safe and reliable manner. We need to regain public trust."  (go to article)

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Alternative energy failures abroad should serve as a warning

Your Houston News --
At $3.65 a gallon, gas is already expensive enough. Now imagine paying an additional "carbon tax" every time you fill up.

That's what a new report from the United Nations has recommended. To combat global climate change, the United Nations has urged governments everywhere to institute a carbon tax or cap-and-trade system to disincentive fossil fuel use.

But Germany went down a similar road almost 15 years ago. And in April, they announced a plan to scrap their green efforts. U.S. lawmakers should take note and reject the UN's push for energy policies that have already proven economically disastrous abroad.

Back in 2000, the German government implemented an "energy transformation" plan in an effort to speed up the nation's conversion to green energy. The costs hav  (go to article)

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Furor engulfs Chicago's red-light camera system

Associated Press -- Mayor Rahm Emanuel's administration is scrambling to contain a furor over the city's red-light camera system, which may have ticketed thousands of motorists under questionable circumstances.

Prompted by a Chicago Tribune investigation that revealed unexplained spikes in tickets issued, eight aldermen have asked the city's top watchdog to launch a probe into the ticket surge and private attorneys are gathering information for a possible class-action lawsuit.
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Exclusive: GM moves next version of big pickups ahead by nine months - sources

Reuters -- General Motors Co has pushed forward the launch of its next-generation full-size pickups by about nine months to fall 2018, hoping to narrow rival Ford Motor Co's still-sizable lead in meeting future U.S. fuel-economy standards, supplier sources said on Monday.

Redesigned versions of GM's full-size sport-utility vehicles are expected to follow about a year later, the two sources said.
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Whitehouse: House highway bill is 'pathetic'

The Hill -- Sen. Sheldon Whitehouse (D-R.I.) said the House-passed highway funding bill fails to provide the kind of certainty states need to invest in long-term infrastructure projects.

“The House highway bill is woefully inadequate — frankly it’s a pathetic measure,” Whitehouse said on the Senate floor Monday.

But Whitehouse said he would still vote for the House bill later this week because anything would be better than having a funding disruption and job losses.

“The only positive thing that can be said about this bill is that it’s better than no bill at all and the collapse of the highway fund,” Whitehouse said. “But that’s not much of an accommodation.”

Earlier this month, the House passed a $10 billion bill to extend the Highway Trust Fund through May.
 (go to article)

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The week ahead: Lawmakers eye highway fund exit ramp

The Hill -- The months-long fight over the nation’s transportation funding will likely to come to end this week – for now.

The Senate is expected to approve a nearly $11 billion bill to prolong federal road and transit spending for eight months this week. The chamber is expected to debate a series of amendments to the proposal, but lawmakers are unlikely to alter the proposal with days left before the traditional August recess.

The measure, which has already been approved by the House, is intended to prevent a bankruptcy in the Department of Transportation’s Highway Trust Fund that agency officials said was likely to occur in August without congressional action.
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What a new law about cellphone unlocking has to do with coffee, cars and consumer freedom

The Switch -- So a bill allowing cellphone unlocking is headed to the president's desk. President Obama has pledged to sign the legislation, giving relief to the more than 114,000 people who signed a White House petition calling for more progressive rules on cellphone use. Now what?

The answer is a much wider battle in Congress over not only cellphone unlocking but also the underlying aspects of copyright law that made it an issue in the first place. In the coming months, expect to hear a lot about something called "circumvention"; according to a House Judiciary Committee aide, lawmakers are going to take a specific look this fall at the Copyright Act's provisions that presume cellphone unlocking and similar activities to be illegal by default.

The results of that fight, advocates say, will likely sha  (go to article)

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Coolest Summer On Record In The US

Real Science -- The frequency of 90 degree days in the US has been plummeting for 80 years, and 2014 has had the lowest frequency of 90 degree days through July 23 on record. The only other year which came close was 1992, and that was due to dust in the atmosphere from Mt Pinatubo.
See article for graph.
 (go to article)

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Why gas prices remain static despite oil production surge

Christian Science Monitor -- The price of gasoline in the United States will remain fairly static for the immediate future, even though refineries are working at record levels because of the surge in oil production.

The US Energy Information Agency (EIA) said July 24 in its weekly petroleum report that refineries took in 16.8 million barrels of crude per day for the previous two weeks, more than the last record set in 2005.

The refining output broke the old record in the week of July 13 with input levels at 16.6 million barrels a day, particularly at refineries in the Midwest and the Gulf coast, the EIA said. This was the highest level it recorded since 1989.

The record high for midwestern refineries was 3.8 million barrels per day for the week ending July 11 the report said. Gulf Coast refineries took in 8.5 milli  (go to article)

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Oil Futures Sag on Tepid Demand

Wall St Journal -- Crude-oil futures slipped Monday on low global demand, though concerns about further Western sanctions on Russia, a major oil exporter, gave some support to prices.

Light, sweet crude for September delivery fell 42 cents, or 0.4%, to $101.67 a barrel on the New York Mercantile Exchange, an eight-session low. Brent crude on ICE Futures Europe slid 82 cents, or 0.8%, to $107.57 a barrel.

Though U.S. refiners are running at unusually high rates, demand for crude oil from Asian and European refiners is weak, said Morgan Stanley in a note.

As of Friday, about 30 million barrels of West African oil had yet to be sold for August delivery, even though traders are now buying and selling cargoes for September, said Michael Wittner, head of global oil research for Société Générale, in a  (go to article)

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Diesel pick up truck owners bypass emissions controls and "Roll Coal"

Boston Globe -- Craig Wedge floors his pickup and the souped-up diesel engine of his Ford F-350 Power Stroke rumbles like a muscle car, blasting black smoke through an unfiltered exhaust pipe.

He and other diesel enthusiasts call this burst of unburned fuel “rolling coal”; for many of them, it is an act of protest against environmental regulations. In defiance of the law, coal rollers disable or discard their trucks’ pollution controls and modify their engines to maximize power and blow smoke with the flip of a switch.

“It might have something to do with being a rebel . . . and trying to prove something to other people,” said Wedge, 37, a computer engineer from Brockton who runs a popular Facebook group called Diesels of New England, which has attracted more than 5,000 members in the past four years.  (go to article)

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Iraq fights to block Kurd oil from entering Texas

CNBC -- An oil tanker docked off the coast of Texas may struggle to unload 1 million barrels of controversial Kurdish crude oil destined for an unknown buyer in the United States, as Iraq's lawyers work feverishly to stop the sale process.  (go to article)

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Pennsylvania: hundreds of water supplies contaminated while audit finds state unprepared to protect

Switchboard -- The Pittsburgh Post-Gazette reports that oil and gas operations have contaminated Pennsylvania water supplies 209 times since the end of 2007.  (go to article)

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Good news for electric cars: boost energy density by 7X

Green Car Reports -- All electric vehicles currently in production use some form of lithium-ion chemistry in their battery packs.

Finding ways of improving that chemistry is therefore very important — the aim being to make future electric car batteries cheaper, more stable and more energy-dense for longer range.

Researchers from the School of Engineering at the University of Tokyo have found a way to develop a lithium-based battery with seven times the energy density of current lithium-ion batteries, according to Nikkei Technology.
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Porsche Buys South Africa's Kyalami Race Track

Motor Authority -- No motorsport fan likes to see a classic race track get bulldozed, but the land these tracks occupy is often valuable, so there's typically no shortage of developers waiting in the wings for an operator to falter.

READ: One-Off BMW i8 Concours d'Elegance Edition Headed To Pebble Beach Auction

Demolition appeared to be the fate of the Kyalami track in Johannesburg, South Africa. After the owners ran out of cash, it was auctioned off. However, the winning bidder isn't going to turn it into condos.

That's because the official importer of Porsche cars in South Africa is now the owner of Kyalami. A winning bid of 205 million Rand (about $19.5 million at current exchange rates)—submitted over the phone by Porsche South Africa CEO Toby Venter—secured the track for the German automaker. It beat  (go to article)

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GM revamps key vehicles for 2015

GasBuddy Blog -- When Chevrolet's Colorado and Canyon mid-sized pickups hit showrooms this fall, Chevy and GMC will have churned out new generations of every pickup and SUV in their lineups in about 15 months. Next, Chevrolet's focus turns to cars. Chevy is planning launches next year for three key car redesigns: the Cruze compact, General Motors' top-selling car globally; the Volt plug-in hybrid, a high-profile launch as GM tries to fend off growing competition in electrified powertrains; and the next-generation Camaro sports car, which should arrive about one year after the launch of the redesigned Ford Mustang....  (go to article)

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Bulls Fleeing Natural Gas as Goldman Sees Further Decline

Bloomberg -- Speculators are fleeing natural gas after prices dropped below $4 for the first time since December and power plant production fell to a 13-year seasonal low.

Hedge funds reduced net-long positions, or bets on rising prices, by 11 percent in the week ended July 22, the U.S. Commodity Futures Trading Commission said. Bullish wagers have declined 51 percent since February.

Futures slid as the output from electricity generators, the biggest consumers of the fuel, fell 11 percent in the week ended July 19 from a year earlier to the least for the period since 2001, according to the Edison Electric Institute. Mild weather and a record pace of inventory gains may push prices lower in the next three months, Goldman Sachs Group Inc. said.  (go to article)

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Ford's aluminum-body 2015 F-150s to cost more than previous models

Detroit News -- Ford Motor Co. said Monday that base prices of its aluminum-body 2015 F-150 pickup will be as much as $3,615 more on some models than the 2014 F-150s now in showrooms.

The new pickup is making headlines because of its aluminum body, which is more costly to produce but reduces weight by as much as 732 pounds compared to the 2014 F-150.

The Dearborn automaker said the new truck will come in five models: XL, XLT, Lariat, King Ranch and Platinum, simplified from the 10 2014 models offered.  (go to article)

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Radical Polaris Slingshot is part car, part motorcycle, all excitement

fox -- The three-wheeled Slingshot is a daring new machine, seemingly crafted from DNA drawn from Polaris’ extensive recreation-focused portfolio of ATVs, motorcycles, side-by-sides, and snowmobiles. The result is a street machine that blurs the lines between cars and motorcycles.  (go to article)

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Good News for Tesla Motors: This 84 MPG Car Just Copied Its Business Strategy

The Motley Fool -- Tesla Motors is attempting to fix the problem at its source: the car dealership. Forget haggling with a sales representative paid on commission; each Tesla will come at the same fixed price based on model and options. That has attracted the much-expected ire of the dealership camp; but the company will soon be getting help from another unlikely automobile start-up, Elio Motors. The company is working with well-established parts suppliers such as Henkel, Lear Corporation, and Flame-Spray Industries -- which is working with Ford Motor Company (NYSE: F ) to boost fuel efficiency -- to introduce an 84-mpg, $6,800 mass-market car sold with a "No Haggle" sales policy.  (go to article)

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Britain reopens way for fracking

Associated Press -- The British government has reopened the way for energy firms to explore for shale gas, three years after seismic tremors led to the suspension of fracking.

Business and Energy Minister Matthew Hancock says shale gas has the potential to improve energy security but stresses national parks will be protected.

He said Monday that, "Done right, speeding up shale will mean more jobs and opportunities for people and help ensure long-term economic and energy security for our country."
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As Recalls Mount, Was It Worth Bailing Out the 'Old GM'?

Real Clear Markets -- The U.S. automotive industry has surged past the previous vehicle safety recall record of 33.01 million it established in 2004, reaching 39.85 million vehicles recalled through July, and with five months yet to go in this year, the final number is tragically still "blue sky" in nature. This past week, General Motors (GM) announced six additional recalls covering 717,950 vehicles in the U.S. - although none of these recalls were for faulty ignition switches. This latest recall brings to 60 for the automotive manufacturer in 2014, totaling a record-setting 26.41 million vehicles globally, and with nearly 15 million of these recalls related to potentially lethal issues concerning ignition switches. While GM acknowledges that it is aware of three vehicle crashes and two injuries related to thi  (go to article)

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Tanker full of Kurdish oil arrives in Texas

Aljazeera America -- Baghdad bristles at Kurdish region's attempt to sell oil, seeing threat to Iraq's territorial integrity. A tanker carrying crude oil from Iraqi Kurdistan was anchored near the Port of Galveston, Texas, on Sunday, a delivery that has infuriated Baghdad, which has threatened to sue anyone who buys the black gold. The Iraqi government sees such deals as smuggling, raising questions about Washington's commitment to preventing oil sales from the autonomous region — an area where most people do not speak Arabic but Kurdish, a language that is closer to Persian, and people do not consider themselves to be Arabs.  (go to article)

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A good sign for the economy: Pickups are selling

washingtonpost.com -- He’d been eyeing the truck for weeks, even since he dropped by the dealership for a free car wash and drove right past that black beauty. That truck got in his mind. Jon Rullkoetter couldn’t shake it.

The truck was sharp. Tuxedo black. Bumpers painted to match. Darkened tail lamps. The Ford F-150 Fx4 Supercrew, stickered at $53,900, sat preening just outside the showroom doors. He couldn’t miss it. And that was by design.

“I call it getting the juices flowing,” Sunset Ford salesman Brett Bergman said with a smile.
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Ram start stop

RAm Zone -- Start-Stop technology automatically shuts off your RAM’s engine at traffic lights and other travel interruptions, then automatically restarts it again when you press on the throttle. No driver intervention is required. Since the engine no longer idles for prolonged periods, the result is a significant reduction in fuel consumption, especially in city driving.  (go to article)

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Massive oil depot burns as militias battle in Libyan capital

AP, Postmedia News -- The Libyan government on Mon appealed for international help after a huge oil depot caught fire amid clashes over the country’s international airport in the capital, Tripoli

The interim government said in a statement posted on its website that the fighting between rival militias caused the huge blaze, which could trigger a “humanitarian and environmental disaster”

It appealed for “international help”

Libyan TV called on residents to evacuate areas within a 3-mi radius of the airport. Many families responded to the call and scrambled to leave their homes. Social networking sites posted images of black smoke billowing over the skyline

The battle for the airport began 2 wks ago and has killed 79 and wounded 400

On Sat, the U.S. evacuated its diplomats from Tripoli and shut the embassy  (go to article)

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WTI, Brent Decline as Flow of Crude Unaffected in Mideast

Bloomberg -- West Texas Intermediate and Brent crudes dropped as the flow of oil from the Middle East was unaffected by the upsurge in violence in Libya and Iraq.

Crude in New York slipped for the fourth time in five days after clashes between militias in Tripoli didn’t spread to oil-export terminals. The conflict in Iraq spared the country’s main oil-producing region. WTI slid last week after government data showed that gasoline stockpiles rose to a four-month high as demand declined.

“The battles in Libya and the rebellion in Iraq haven’t had an impact on oil shipments,” said John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund that focuses on energy. “This is the status quo these days. There’s also lackluster demand, which is adding to the downward pressure.”  (go to article)

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University of Wisconsin?Milwaukee and ABB Collaborate on Installation of EV Fast-charge Stations

National Electrical Manufacturers Association -- With the rise in the numbers of electric vehicles (EVs), the proliferation of local charge stations is becoming important in enhancing range confidence to maximize the benefits of all-electric driving.

With support from Nissan and ABB Inc., the University of Wisconsin-Milwaukee (UWM) has installed two EV fast chargers on their campus for public use.

The two new UWM stations are the first EV fast-charge stations in Milwaukee County. They bring the number of fast-charge stations in Wisconsin to four: ABB offers one to the general public at its New Berlin facility and another is available in Madison.  (go to article)

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BP’s Estimate: World’s Oil Will Last 53.3 Years

Business Cheat Sheet -- BP’s annual report on proved global oil reserves says that as of the end of 2013, Earth has nearly 1.688 trillion barrels of crude, which will last 53.3 years at current rates of extraction. This figure is 1.1 percent higher than that of the previous year. In fact, during the past 10 years proven reserves have risen by 27 percent, or more than 350 billion barrels.

The increased amount of oil in the report include 900 million barrels detected in Russia and 800 million barrels in Venezuela. OPEC nations continue to lead the world by having a large majority of the planet’s reserves, or 71.9 percent.

As for the United States, which lately has been ramping up oil extraction through horizontal drilling and hydraulic fracturing, or fracking, BP says its proven oil reserves are 44.2 billion barr  (go to article)

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The 10 Most Oil-Rich States

24/7 Wall -- 1. Texas
> Proved oil reserves: 9.6 billion barrels
> Natural gas reserves: 93.5 trillion cubic feet (the most)
> Energy consumption per capita: 324.9 million BTUs (21st highest)
> Number of operating refineries: 27 (the most)
2. North Dakota
> Proved oil reserves: 3.8 billion barrels
> Natural gas reserves: 4.0 trillion cubic feet (11th most)
> Energy consumption per capita: 254.7 million BTUs (14th lowest)
> Number of operating refineries: 1 (tied, 24th most)
3. Alaska
> Proved oil reserves: 3.3 billion barrels
> Natural gas reserves: 9.7 trillion cubic feet (9th most)
> Energy consumption per capita: 872.7 million BTUs (the highest)
> Number of operating refineries: 6 (4th most)
4. California
> Proved oil reserves: 3.0 billion barrels
> Natural gas reserves: 2.1 trillion cubic feet (8th  (go to article)

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Wishful Thinking About Natural Gas

Huff Post -- Albert Einstein is rumored to have said that one cannot solve a problem with the same thinking that led to it. Yet this is precisely what we are now trying to do with climate change policy. The Obama administration, the Environmental Protection Agency, many environmental groups, and the oil and gas industry all tell us that the way to solve the problem created by fossil fuels is with more fossils fuels.  (go to article)

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GM Isn't Alone in the Race to the 200-Mile Electric Car

The Street -- A few days ago, the Internet was again abuzz with rumors about a future electric car from General Motors (GM_). The claim was that it would have 200 miles of range, be available by the end of 2016 and be part of the Chevrolet Sonic nameplate.

In essence, this is only a variant of rumors based around seemingly inconsistent statements from then-outgoing GM CEO Dan Akerson last December. I analyzed these inconsistencies on Dec. 16.

This time, it's really not a lot better, except for one thing: LG has recently said that it will have a battery capable of providing 200 miles of range by 2016. LG is GM's current battery supplier, but LG also supplies a long list of other automakers.

To understand what GM's situation is in the area of plug-in electric cars, let's first review what the compa  (go to article)

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National average slump continues to glee of motorists

GasBuddy Blog -- The national average has declined for over a month straight- a streak many motorists likely doubted when we first posted about this likelihood several weeks ago. This morning, the U.S. average stands at $3.509/gal, and will likely drop under $3.50/gal in the next 48 hours. The most common price found across the nation today according to GasBuddy.com data is $3.399/gal, down from $3.499/gal a week ago, and down from $3.599/gal a month ago. Today, just 3.8% of stations nationally stand over $4/gal, down from 4.1% yesterday, and down from 5.5% last week. Just a month ago, 8.8% of gas stations in the U.S. were over $4/gal....  (go to article)

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Survey: US gas prices fall 9 cents a gallon to $3.58 in largest drop this year

Fox Business -- Industry analyst Trilby Lundberg said Sunday the decrease came despite a rise in crude-oil prices.  (go to article)

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Place Mobility: Sometimes good transportation is slow

Better Cities and Towns -- Streetcars are slow and expensive, and yet people keep building the darn things.

That streetcars can result in billions of dollars in economic development and that people simply like them is ignored or dismissed as irrelevant.  (go to article)

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Senate Sets Vote for Highway Funds as Clock Ticks

Wall Street Journal -- Senate leaders have agreed to vote next week on a bill to replenish the fund that covers the federal share of highway and mass-transit spending, a timetable that would leave just days to spare before the money is expected to run dry.  (go to article)

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Not in my backyard: US sending dirty coal abroad

Associated Press -- As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America's unwanted energy leftovers to other parts of the world where they could create even more pollution.

This fossil fuel trade threatens to undermine President Barack Obama's strategy for reducing the gases blamed for climate change and reveals a little-discussed side effect of countries acting alone on a global problem. The contribution of this exported pollution to global warming is not something the administration wants to measure, or even talk about.
 (go to article)

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The fastest selling cars in America

Market Watch --

After vehicle sales reached a six-year high last year, the U.S. auto industry has continued its torrid growth pace in the first half of 2014. With more than 8 million cars sold in the first six months of the year, total U.S. car sales were up 4.3% from the same time in 2013. In fact, demand for some models is so high that dealers can sell them in an average of just a few weeks.

To identify America’s fastest-selling cars, 24/7 Wall St. used days-to-turn figures provided by TrueCar. Days to turn is the average number of days it takes dealers to sell a car. In an interview with 24/7 Wall St., Eric Lyman, vice president of industry insights at TrueCar, noted that days to turn strips out factors such as transport time and the distance from the plant to the dealership. As a result, this measu  (go to article)

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WTI Trades Near Week-Low

Bloomberg News -- West Texas Intermediate crude dropped for the fourth time in five days as economic data may signal slowing growth in the U.S., the world’s biggest oil consumer. Brent declined in London.

Futures fell as much as 0.7 percent in New York after dropping 1 percent last week. A preliminary index of U.S. service industries is forecast at 59.8 for July, the lowest level in three months, a Bloomberg News survey showed before a report from Markit Economics today. The Federal Reserve is scheduled to review monetary policy at a two-day meeting starting tomorrow.

“The PMI figures could be a good indicator of American economic growth ahead of the Fed meeting, U.S. GDP figures and payrolls later in the week,” Thina Saltvedt, an analyst at Oslo-based Nordea Bank AG, said by phone.

WTI for September del  (go to article)

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Cheap Speed Challenge: Best car for practical fun?

USA Today -- Many of the regular head-to-head market segment showdowns that USA TODAY does with Cars.com and PBS TV's MotorWeek involve more mainstream vehicles — midsize sedans, compact SUVs, minivans.

Evaluating them is useful to shoppers — those are the high-volume sellers — and satisfying to the judges. But they don't get your heart thumping.

Not this time.

We wanted to see which automakers could provide honest, sporty performance in a car you might actually be able to afford — and further, to see how practical it would be in daily duty.

1 -- 2015 Volkswagen Golf GTI
2 -- 2015 Subaru WRX
3 -- 2014 Ford Fiesta ST
4 -- 2014 Kia Forte5 SX
5 -- 2014 Scion FR-S
6 -- 2014 Hyundai Veloster Turbo
7 -- 2014 Nissan Juke NISMO RS
8 -- 2014 Fiat 500 Abarth
 (go to article)

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Exxon’s $19 Billion Papua LNG Plant Running at Full Capacity

Bloomberg -- Exxon Mobil Corp. (XOM), operator of a $19 billion liquefied natural gas project in Papua New Guinea, said the development is producing at full capacity after starting ahead of schedule earlier this year.

The milestone follows an increase in output in the last few months, Exxon’s PNG unit said today in an e-mailed response to questions. The plant was expected to be operating at full capacity by the end of 2014, according to a report last week from Citigroup Inc.

“Having reached full capacity within three months of startup is exceptionally good performance by comparison with most international LNG projects,” Neil Beveridge, a Hong Kong-based oil and gas analyst at Sanford C. Bernstein & Co., said today by phone.

The project in the Pacific nation with partners including Oil Search Ltd. (O  (go to article)

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General Motors Goes Solar in Toledo

Solar Novus Today -- When the global car manufacturer, General Motors, installed a 1.8 megawatt (MW) rooftop solar array at its Toledo Transmission plant in Ohio, the company was acting locally while keeping its corporate sustainability mission in mind.“Having 21,000 solar panels on Toledo’s roof is a great visual representation of our commitment to renewable energy,” said Rob Threlkeld, GM manager of renewable energy. “It proves to our employees and the people who live in and around Toledo that clean energy plays a significant role in the building of our vehicles.”  (go to article)

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Environmentally-Friendly Savior Of Oil Fracking Industry Could Be… Haliburton? New Fluids Made With

CBS FS -- (CBS SF) — In the environmentally sensitive Bay Area, “fracked” oil may be a dirty word, but new technology being pioneered by some environmentalists’ arch nemesis, Haliburton, could make fracking literally palatable by using fluids sourced from the food industry.  (go to article)

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