Exxon Mobil Corp. is betting that a better way to frack will double the amount of oil it can pump from shale fields. “There’s a lot of oil left in the ground,” CEO Darren Woods said Thursday at Bernstein’s Strategic Decisions Conference. “Fracking has been around for a long time, but the science of fracking is not well understood.” Hydraulic fracturing, or fracking, is the process of blasting water, sand and chemicals underground to break up rock and hold it open for oil to come out. Although technology led to the U.S. shale boom, only about 10 percent of a…
Author: Automotivedealernews.com
The move sparked anger among reservation holders, who can now get a refund or choose the Model 3 or Model Y. June 1, 2023 at 5:24 p.m. ET Tesla has quietly discontinued the right-hand drive (RHD) Model S sedan and Model X SUV in Australia and New Zealand. A look at their regional websites reveals a simple notice at the top stating that the models cannot be ordered and that the specifications shown are US values. The move comes in the wake of Tesla’s decision to stop making RHD versions of the Model X and Model Y, reportedly due to…
[ROCKAWAY, N.J.-June, 2023] – TOPDON, a leading provider of automotive diagnostic solutions, is pleased to announce the launch of its latest product, TopScan. Designed to meet the needs of both automotive DIYers and professional technicians, the TopScan is revolutionizing the way car diagnostics are performed. The TopScan is a powerful and versatile diagnostic tool that offers a wide variety of features and benefits for both car enthusiasts and technicians. With its user-friendly interface and comprehensive features, it allows users to diagnose and solve vehicle problems with ease. HOTCARS VIDEO OF THE DAYSCROLL TO CONTINUE CONTENT One of the key features…
The suspect vehicle involved in a shooting in Over-the-Rhine on Wednesday has been recovered. The car was located around 12:30 pm in the area of Keen Avenue, near Bond Hill. Cincinnati police confirmed the car was recovered and is now being processed by the investigative unit. Officers were canvassing the neighborhood and the car was towed. It is unclear at this time if the car was dumped at the scene or if police believe there are any suspects in the area. Cincinnati police released surveillance video Thursday showing the moment shots were fired in the shooting of four people, including…
PERLEY, Minn., June 1, 2023 /PRNewswire/ — Cenex®the CHS energy brand, and Perley Community Co-op have awarded the Rural Enrichment and Advisory Headquarters (REACH®) Inc. with a $25,000 Hometown Pride Scholarship. REACH was nominated by Perley Community Co-op for his countless contributions to the Perley community and surrounding areas through the organization’s programs designed to help seniors, help locals find employment and combat food insecurity with its food pantries and school backpack programs. “REACH’s main goal is to serve each and every person in our area, making sure no one is left behind,” he says. Peggy Chisholm, Executive Director of…
Oil jumped alongside broader equity markets, with traders embracing risk assets and largely ignoring a bearish US inventories report. West Texas Intermediate settled above $70 a barrel, jumping more than $2 on Thursday. Oil traders shrugged off data that showed U.S. crude stockpiles rose by more than 4 million barrels last week and inventories at Cushing, Oklahoma, the nation’s largest storage hub, rose for a sixth week. Instead, oil rallied as stocks rose and the dollar fell on speculation that the Federal Reserve may hold off on interest rate hikes this month. Crude oil prices have fallen about 13% this…
The National Highway Traffic Safety Administration has proposed a rule that would make automatic emergency braking a mandatory feature on all new cars. The rule is still in its early stages, though it would mandate a system capable of automatically detecting and braking for other vehicles and pedestrians, day or night, at speeds up to 62 miles per hour. The deadline for this proposal to become law is relatively long. NHTSA is currently in the process of receiving public comments on the proposal, after which it will decide whether to move forward with the rule in September 2023. If it…
Many small problems can add up. June 1, 2023 at 3:11 p.m. ET Buying a used car always carries some risk due to the vehicle’s ownership history. An inspection can catch many potential problems, but gremlins can creep in, leading to expensive maintenance and repair bills. One Ferrari 430 Scuderia owner experienced this with the car’s first service racking up around $14,000 at the current exchange rate (£11,000) in repair costs. The owner dropped off the supercar at the mechanic before Christmas and received an email about a month later detailing all the issues found. It needed new suspension bits…
BANGOR, Maine — Two streets in Bangor were closed due to a crash between cars and pedestriansA car-pedestrian crash closes two streets in BangorMain Street, Union Street was closed in Bangor due to a collision between cars and pedestriansTwo streets in Bangor are closed after a collision between a car and a pedestrian.The Bangor Fire Department said in a Twitter post that Main and Union streets will experience traffic delays and detours while Bangor police investigate the scene. NEWS CENTER Maine crews at the scene observed clothing and a car with a smashed windshield still in the road.All fire units…
New York, June 01, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the launch of the “Global Authorized Car Service Center Market Report 2023” report – https://www.reportlinker.com/p06464174 /?utm_source=GNW Ltd., Hyundai Motor Company, The Lansdowne Motor Company, Renault Group and Automovil.The global authorized car service center market is expected to grow from USD 210.57 billion in 2022 to USD 226 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The war between Russia and Ukraine disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led…