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Tag Archives: energy
Louis Dreyfus Energy Pays $4 Million for ‘Stealing’ Natural Gas
Louis Dreyfus Energy Services has paid the United States $4,084,000 to settle allegations that it violated the False Claims Act by failing to pay money owed on natural gas acquired from the Department of the Interior, which is to say U.S. taxpayers. Continue reading
Energy Research to be Coordinated by Three Federal Agencies
In a public relations move that clearly has political value during an election year with skyrocketing energy prices, the U.S. Department of Energy, Environmental Protection Agency and Department of the Interior are supposed to work together “to ensure that continued expansion of natural gas and oil production happens safely and responsibly.” Continue reading
Iran Threatens to Close Strait of Hormuz, Shut Off Oil Supply. Here We Go With Another Oil Crisis Caused by Despots?
The larger issue remains an amorphous U.S. strategy conducted and – alas – at times directed in Washington by big money interests that care not about the welfare of the United States or its citizens. U.S. energy policy going back to President Carter and the first OPEC oil embargo four decades ago has failed under one-term Carter and every successive President and Congress since – Democrat or Republican – to eliminate this security threat – as well as the corresponding national economic decline posed by oil imports and the resulting enormous transfer of U.S. wealth overseas. Continue reading
EPA to Study Hydraulic Fracturing Effects on Drinking Water
The U.S. Environmental Protection Agency (EPA) has announced its final research plan on hydraulic fracturing, a controversial technique used to extract natural gas that critics maintain has a huge negative impact on the environment with costs passed on to the public by energy companies. Proponents of natural gas maintain that it is a cleaner fuel than oil, and the Federal government is subsidizing vehicles that use it. Continue reading
Posted in alternative fuels, auto news, economy, environment, fuel economy or emissions, news, news analysis, transportation
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, blueprint for a secure energy future, drinking water, energy, epa, hydraulic fracturing, Ken Zino, natural gas, president obama, zino
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Chesapeake Energy Converts 800th Vehicle to Natural Gas
Unlike the volatility in gasoline and diesel prices most recently caused by turmoil in the Middle East, the price of CNG remains steady at $1.39 per gallon of gasoline equivalent in Oklahoma. Continue reading
Toyota Starts a Strategic Investment Subsidiary
Toyota Motor Corporation (NYSE: TM, 7203T) today announced the establishment of Toyota Invention Partners Company, Ltd. (TIP), a new strategic investment subsidiary with ¥100 billion yen (~$670 million) in capital. TIP will focus on accelerating collaborations between Toyota, Woven by Toyota (WbyT), Toyota Group companies, their affiliates, and external partners as part of Toyota’s ongoing transformation into a mobility company. Woven Capital, Toyota’s venture investment arm, has established Fund II with $800 million (~¥120 billion), matching the size of Fund I launched in 2021.*
“To ensure that mobility continues to bring smiles to people and remains vital to society, the Toyota Group has embraced the vision of ‘Inventing our path forward, together’. This vision places a particular emphasis on ‘Invention’, which has always been the foundation of the Group” said Kenta Kon, Operating Officer and Chief Financial Officer of Toyota and CFO and Director of WbyT. Continue reading →