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Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

Green Car Congress

In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). Biden said that his administration would restock the reserve when prices are lower.

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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

While higher prices and a weaker economic outlook are moderating consumption increases, a resurgent China will drive gains next year, with growth accelerating from 1.8 Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6 The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6

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U.S. Drivers: Shut Up, Stop Whining, You Don't Pay $8/Gallon

Green Car Reports

Turmoil in Libya is making global oil markets nervous. That means higher gasoline prices. Cue the creeping unease and outright fear that Our American Way Of Life May Be In Peril. Well, it's Monday morning, and we have a brisk message for our U.S. readers: Shut up and stop whining.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

These shocks pushed energy prices higher in much of the world, with oil prices reaching a record annual average of more than $100 per barrel (bbl) for the first time. Brent oil prices were on average 40% higher than 2010 and exceeded $100 a barrel for the first time ever; at $111.26/bbl, Prices increased in all regions.

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Gas War: Biden Administration Releasing One Million Barrels of Gasoline from Northeast Reserves

The Truth About Cars

On Tuesday, the Biden administration announced plans to release one million barrels of gasoline from Northeastern reserves in an effort to stabilize rising fuel costs. The Biden-Harris Administration is laser focused on lowering prices at the pump for American families, especially as drivers hit the road for summer driving season,” said U.S.

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

With the introduction of the Clean Car Discount in 2022, the skyrocketing prices of petrol and diesel across the country and the increasing number of electric vehicles available in New Zealand, we are seeing more EVs on our roads than ever before. EV MYTH ONE: Manufacturing EVs is just as bad for the environment as ICEVs.

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

With the introduction of the Clean Car Discount in 2022, the skyrocketing prices of petrol and diesel across the country and the increasing number of electric vehicles available in New Zealand, we are seeing more EVs on our roads than ever before. EV MYTH ONE: Manufacturing EVs is just as bad for the environment as ICEVs.