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News & Articles By Arsenio Toledo
02/15/2023
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By Arsenio Toledo
Russia to shift 75-80% of oil exports to “friendly” nations
Russia will radically shift its exports of oil, selling between 75 percent to 80 percent to “friendly” nations this year, according to Deputy Prime Minister Aleksandr Novak. The official noted that these countries would also receive around 75 percent of Russia’s refined oil products and that Moscow will continue looking for new markets in more accepting nations. […]
02/13/2023
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By Arsenio Toledo
Russia to cut oil output by 500,000 barrels per day in response to Western price cap
Russia announced on Friday, Feb. 10, that it will cut oil production by 500,000 barrels per day in March in retaliation for a United States- and European Union-led cap on the price of Russian crude oil and other oil products. “As of today, we are fully selling the entire volume of oil produced. However, as […]
01/26/2023
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By Arsenio Toledo
Regional emergency declared in eight states due to gasoline, diesel and jet fuel shortages
The Federal Motor Carrier Safety Administration (FMCSA) has declared a regional emergency in eight states due to a shortage of gasoline, diesel and jet fuel caused by the combination of low production and high demand. The FMCSA’s regional emergency declaration affects Colorado, Kansas, Nebraska, New Mexico, Oklahoma, Texas, Utah and Wyoming. The agency, a component of the Department […]
01/19/2023
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By Arsenio Toledo
New offshore natural gas deposit discovered in Egypt
Italian energy company Eni and American energy company Chevron have announced the discovery of a new gas deposit in an Egyptian offshore field in the Eastern Mediterranean sea. The deposit was found in an area in the Eastern Mediterranean known as Nargis 1, which is part of Egypt’s 1,800-square kilometer (695 square miles) Nargis Offshore […]
01/11/2023
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By Arsenio Toledo
Natural gas prices in Southern California SURGED 128% since December
Natural gas prices in Southern California have risen by 128 percent from December to January, natural gas supplier SoCalGas announced. SoCalGas’s announcement was published right before the New Year to warn customers in Southern California, including the Los Angeles metro area, that the surge in prices will go into effect on Jan. 1. (Related: Operators say […]
01/09/2023
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By Arsenio Toledo
Social media influencer exposes problems that come with owning a Tesla Model 3
Luke Erwin, a social media influencer from Australia, exposed the many problems that come with owning a Tesla, specifically a Tesla Model 3, in a TikTok video that has since gone viral. Erwin, who has over 1.2 million followers on his Tiktok account, is best known on the social media platform for videos of giving […]
12/16/2022
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By Arsenio Toledo
Millions of Americans in multiple states face elevated risk of winter power outages
Millions of people in multiple states are at an elevated risk of having power outages this winter. Texas, New England, the Great Lakes and the American Southeast are facing “unprecedented” and “widespread” reliability risks this winter, according to the 2023 Winter Assessment report of the North American Electric Reliability Corporation (NERC), the United States’ grid reliability coordinator. (Related: […]
12/14/2022
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By Arsenio Toledo
Demand for electric cars in the UK plummets due to surging price of electricity
Demand for electric vehicles (EVs) in the United Kingdom has dropped for the first time since 2020 as soaring electricity costs make the vehicles far too costly to operate. British automobile sales website Auto Trader noted that EVs accounted for less than a fifth (19 percent) of new car inquiries sent to car dealers through its online […]
12/08/2022
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By Arsenio Toledo
Switzerland plans to temporarily limit electric vehicle use this winter due to energy shortage
Switzerland is planning to temporarily limit the use of electric vehicles this winter in case the country’s energy supply drops low enough that power blackouts become a possibility. Under the new plan, which takes inspiration from Wuhan coronavirus (COVID-19) lockdowns, Switzerland could ban electric cars from making non-essential journeys during the winter to deal with potential energy shortages. […]
12/08/2022
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By Arsenio Toledo
Volkswagen reconsidering plans to build new EV battery plants in Europe due to soaring energy costs
Automobile manufacturing giant Volkswagen has warned the European Union (EU) that soaring energy costs make building new electric vehicle battery production plants “practically unviable” in the continent. Volkswagen has been talking about committing to investing in Germany and EU industrial projects involving electric vehicles, including new battery-cell factories. Unfortunately, the company warned that such long-term investments will […]
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