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Some proponents of US energy independence promote wider use of alternatives such as ethanol fuel, methanol, biodiesel, plug-in hybrids and other alternative propulsion.A 2013 report published by the Fuel Freedom Foundation said that without a shift to domestic feedstocks for fuel, such as natural gas and biomass, the US would not be able to achieve energy independence. [18]
In 2007, state severance taxes amounted to $10.7 billion, mostly from oil, gas, and coal. States also received 50 percent of federal onshore oil and gas lease revenues within their borders, and 27 percent of federal offshore oil and gas revenues adjacent to their shorelines; the state share of federal revenues totalled $2.0 billion in 2007. [45]
Due to the great surge in American production of oil, natural gas, and natural gas liquids since 2008, those products have been cheaper in the North American market than worldwide, giving American refiners a major cost advantage. [17] The discount on US crude is partially attributed to the long-standing federal ban on exports of American crude oil.
A post-Brexit immigration system came into force in January 2021. Under this system, EU and non-EU citizens both need to get work visas in order to work in the UK (except Irish citizens, who can ...
Analysts believe that China’s 15 percent tariff on U.S. liquefied natural gas — the tariff went into effect Monday — will undermine America’s ability to sell energy to the world. In fact ...
Energy subsidies are measures that keep prices for customers below market levels, or for suppliers above market levels, or reduce costs for customers and suppliers. [4] [5] Energy subsidies may be direct cash transfers to suppliers, customers, or related bodies, as well as indirect support mechanisms, such as tax exemptions and rebates, price controls, trade restrictions, and limits on market ...
U.S. President Donald Trump's trade tariffs on Canadian and Mexican oil imports will offer European and Asian refineries a competitive advantage against their U.S. rivals, analysts and market ...
The European dependence on Russian energy is a good example because Russia is Europe's main supplier of hard coal, crude oil, and natural gas. [24] Oil wars in and between the Middle East, Russia, and the United States that have made markets unpredictable and volatile are also a great example as to why energy advocates and experts suggest ...