Below is an opinion column by Jimmy Heidelberg: Oil is needed today and will be needed for the foreseeable future, whatever happens with energy production from other sources. Rarely a day goes by when the public is not addressed with an article or political statement about “Green Energy” and the political desire of some to stop the production and use of oil. Most often, the conversation revolves around gasoline and diesel used primarily in transportation and the push to replace electric vehicles for this purpose. Aside from the fact that electric vehicles create their own environmental problems in their production…
Author: Automotivedealernews.com
The United States is committed to replenishing the Strategic Petroleum Reserve but will not rush to do so immediately despite the recent drop in oil prices, a senior Biden administration official said. “Why don’t we take it one day at a time,” Special Presidential Coordinator for Global Infrastructure and Energy Security Amos Hochstein said in an interview on Bloomberg Television’s “Balance of Power.” “We’ve seen a decline in oil prices, we’re seeing a bit of a downturn,” Hochstein said. “We should take a deep breath and wait and see how this crisis affects the oil and gas industry now, the…
news For Katherine Donlevy March 18, 2023 | 2:51 a.m CNN correspondent Kyung Lah shared her experience with her car being stolen outside San Francisco City Hall. @KyungLahCNN: Twitter A CNN correspondent in San Francisco to report on the city’s “rampant street crime” had her rental car on Friday, even with hired security guarding the vehicle. “I’ve been robbed. Again,” Kyung Lah tweeted after the attack with a picture of the broken back window of the car. “We had security guarding our rental car + crew car. Thieves did it in less than 4 seconds. This is ridiculous,” he wrote.…
Whether you’re buying a new or used car, potential maintenance costs should always factor into your final decision. If you’re a Ford fan, you’ll be pleased to know that many of their used models require small repair bills compared to their rivals. Here are nine reliable Ford models with annual maintenance costs under $400. 1. Ford Aerostar RepairPal lists the average Ford model repair cost at $775 per year, but the Aerostar averages just $387. The most common problem with this minivan is an engine oil leak before the 100,000 mile mark. The problem is usually fixed with a new…
You can also specify any Aston Martin in the new online configurator. March 17, 2023 at 10:23 PM ET The 2023 Formula 1 season has begun and the Aston Martin Aramco Cognizant Formula One Team secured a podium finish at the Bahrain Grand Prix from Fernando Alonso. Following this momentous achievement, Aston Martin has launched a new online configurator which shows customer cars being configured alongside the winning F1 car. Aston Martin’s new online configurator allows customers (and fans) to design their dream DBX707 in the high-performance environment of the Aston Martin Aramco Cognizant Formula One Team pit garage, a…
Whether you’re a head of state or a successful businessman looking to buy some peace of mind on your travels, armored cars are useful and provide mobility and security in one package. The idea of reinforced civilian cars has been around for a long time, even dating back to World War II, when Roosevelt drove around a ’42 Lincoln Armored Town Car. Protection can vary from simple glass bulletproof to complete bomb protection and even resistance to chemical attacks. Some cars even have gas tanks or self-sealing tires that can run a marathon while flat. Of course, these are not…
Oil posted its worst weekly loss since the early months of the coronavirus pandemic as banking turmoil poisoned investor sentiment. West Texas Intermediate has lost nearly 13% this week, the biggest drop in nearly three years. The failure of Silicon Valley Bank and problems at Credit Suisse Group AG sent investors out of risk assets, with oil options accelerating the sell-off. “This week’s crude action reminded many how quickly the commodity can be decimated by macroeconomic events,” said Rebecca Babin, senior energy trader at CIBC Private Wealth. “The commodity broke a significant level of support as the market tries to…
Photo: MPS Agency Mike Conway, Kamui Kobayashi and Jose Maria Lopez won the Sebring 1000 as Toyota Gazoo Racing beat newcomers Hypercar to take a dominant one-two. The Japanese manufacturer opened its defense of the FIA World Endurance Championship title by defeating pole-leader Ferrari AF Corse and the LMDh machinery of Porsche and Cadillac. Conway finished 2.168 seconds ahead of Brendon Hartley, who shared the No. 8 Toyota with Sebastien Buemi and Ryo Hirakawa. AF Corse took a resounding podium on the debut of the Ferrari 499P, although the No. 50 car of the Italian factory team driven by Antonio…
BMW brings a host of new concepts to the Concorso d’Eleganza Villa d’Este, including a new two-seater tribute and a special M car for Michael Gauthier comments comments March 17, 2023 at 5:03 p.m BMW is one of the biggest supporters of the Concorso d’Eleganza Villa d’Este and the carmaker regularly uses the event to present new concepts such as the 3.0 CSL and the 328 Hommages. The tradition will continue this year, as the BMW Group will present a “uniquely elegant and sporty”. The company described it as a two-seater homage, although it’s not immediately clear which classic model…
It is the final part of the Cleetus Chevrolet El Camino story where the AMX engine swap comes to its conclusion. In the latest installment of Cleetus McFarland’s YouTube channel, the team was struggling to fit Steve Morris’ big block V8 into the engine bay of the ‘Mullet’. Now, on the last day of the build and just one day before racing, the guys are preparing the Camino to see if the car will start. Throughout the video you can see the final moments of trial and error before the muscle car it can set off under its own steam.…