News Oil 

Rationing ables Iran to export 300ml of gasoline per day

“Stressing the fact that exports of oil products to the neighbors like Iraq continues despite the unrests, Hamid Hosseini noted that exporting the mentioned amounts of gasoline could bring the country up to $4 billion of revenue” reports tehrantimes.com. Back in November, deputy finance and economic affairs minister said the fuel rationing plan would make the country able to export 3.65 billion liters of gasoline every year and earn about 14 trillion rials (about $3.3 billion) from the exports. “On average, 100 million liters of gasoline is produced in the…

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News Oil 

Why Texas’s fossil fuel support could spell disaster

“With kindred spirits in the Trump White House, Texas is now intensifying its support of the fossil fuel industry and, pipeline by pipeline, literally laying the groundwork for production to ramp up even more in the next decade” writes Tom Dart for theguardian.com. Having a massive fossil fuel industry is not compatible.” Though Texas is also the national leader in wind power capacity, the fracking investment locks the state into a fossil fuel future and enables the US to export cheap gas to other countries, perpetuating worldwide demand.Despite the oil…

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News 

Rolls-Royce Developing Way to Use Vehicle Fuel Cells for Stationary Power Generation

“To date, these generator sets have been diesel-engine based, but, according to Rolls-Royce, fuel cells could be a valid alternative” writes Emily Holbrook for environmentalleader.com. Rolls-Royce and Lab1886, an innovation lab within the Mercedes-Benz group, have taken the first step in cooperation on the use of vehicle fuel cells for stationary power generation.Alongside fuel cell technology, Rolls-Royce is researching the manufacture of hydrogen and other synthetic fuels using renewable energy sources – also for use in fuel cells.Over the coming months, Rolls-Royce will develop an integrated MTU solution for sustainable…

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News 

Gold gains as Hong Kong tensions fuel trade deal doubts

“Spot gold was up 0.1% at $1,456.22 per ounce by 0406 GMT. U.S. gold futures rose 0.1% to $1,455.20” reports cnbc.com. Canadian maple leafs sit on the faces of one ounce gold coins in London, the United Kingdom, on July 15, 2014.Gold inched up on Thursday as investors bought the safe-haven metal on doubts about whether the United States and China will seal a trade deal after President Donald Trump signed a legislation supporting Hong Kong protesters.Gold had eased 0.5% in the last session on a raft of upbeat economic…

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VIDEO: A fuel truck careened into 2 American Airlines jets at Dallas-Fort Worth Airport, damaging both of them and causing flights to be cancelled

“A refueling truck crashed into two planes at Dallas-Fort Worth airport on Monday, causing significant damage to both of them” writes David Slotnick for businessinsider.com. The wing of the second plane broke through the fuel truck’s windshield.American Airlines said it was investigating the incident: “On Monday morning at Dallas/Fort Worth International Airport (DFW), a vendor’s fueling truck impacted two parked Bombardier CRJ-900 aircraft. Source: businessinsider.com

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Suicides and overdoses among factors fueling drop in U.S. life expectancy

“Midlife death rates also increased for illnesses that are strongly linked to drug use and alcoholism” writes Melissa Healy Is for latimes.com. Between 1999 and 2017, midlife deaths from alcoholic liver disease grew 40%.Moreover, after years during which minority populations appeared to resist the trend of rising midlife death rates, the scourge of opioid addiction, at least, has begun to affect those groups.All are corrosive to good health, Woolf said.New laws and regulations were reducing some of the leading causes of death in midlife Americans, making cars safer, and reducing…

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Iran’s Guards call for ‘maximum punishment’ of fuel unrest leaders

“Protests began on Nov. 15 in several towns after the government announced gasoline price hikes of at least 50%” writes Midwest Communications Inc for 95kqds.com. With tensions over the gasoline price increases remaining high, some 50 lawmakers have submitted a proposal to parliament that could ultimately lead to the impeachment of Iran’s Oil Minister Bijan Zanganeh.”Parliament’s presiding board has received the censure motion against Zanganeh over various issues including … gasoline price hikes,” said a member of the presiding board Ahmad Amirabadi Farahani, the website of Iran’s Young Journalists Club…

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Markets News 

Cummins sees diesel as primary driver of commercial vehicles for ‘many years to come’

“Despite Cummins Inc.’s CMI, +0.25% increasing focus on battery and fuel cell technologies, the engine maker’s Chief Operating Officer Tony Satterthwaite said he believes “diesel will be the primary source of energy in commercial vehicles for many years to come.”” writes Reporter Editor for marketwatch.com. At its analyst gathering, Cummins also said it was launching a new Power business, which will include its existing electrification business as well as fuel cell and hydrogen production technologies.He said the company’s investments in improving fuel economy and to lower emissions will continue.Separately, Raymond…

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Biden fends off climate hawk Tom Steyer by attacking his fossil fuel investments

“Joe Biden attacked Tom Steyer at Wednesday night’s debate for building his wealth through a hedge fund that invested in fossil fuel projects” reports washingtonexaminer.com. Steyer is a longtime funder of climate change initiatives who entered the campaign late in part to tackle global warming.Steyer, a self-funded billionaire, had accused Biden and other front-running Democrats earlier in the debate of not sufficiently emphasizing climate change — Steyer’s signature issue. Source: washingtonexaminer.com

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