Citing increased pressure to adhere to stricter Corporate Common Fuel Economy standards, the Xterra could be the first casualty in Nissan's lineup, and more »
Reuters (converge release)Jet fuel stocks slipped by around 13% to 734000 tons. "Contango is narrowing. So it is less attractive to keep jet fuel stocks," Kulsen said. US Dollar Slides In advance of Bernanke Speech; GDP ReportInvestors wait for word from Jackson Holeall 2,920 news articles »
Moneycontrol.comOverall petroleum stockpiles, a colloid of oil and fuel supplies, climbed 8.92 million barrels, or 0.8 percent, to 1.14 billion, the highest consistent in at OIL FUTURES: Crude Settles Up As Bernanke Speech Lifts MarketsCrude Oil Heads for Third Weekly Decline on Slowing EconomyOutlook of slower US fiscal progress pushes down oil prices - -all 1,378 news articles »
Reducing US Oil Consumption Council on Foreign Relations
Higher oil prices and growing epidemic demand have pushed energy companies to recover oil in riskier locations, such as the deep waters of the Gulf of Mexico. But the late-model Deepwater Horizon oil spill has raised questions about expanding drilling and led to calls to reduce the demand for oil. Here, three experts weigh in on what the Coordinated States could do to significantly reduce oil consumption.
CFR's Senior Fellow Michael Levi says the United States could slim down consumption by both ending heating oil use and moving to a "mix of better internal combustion engines," but he notes consumption reductions won't not translate into abandoning risky drilling projects. Ian Parry, a fellow at the environmental think tank Resources for the Days, argues that taxing all oil products would modestly reduce oil consumption, but predicts even with new taxes the United States will stay behind oil dependent.
Anthony Perl, director for the Urban Studies Program at
