Author: Automotivedealernews.com

For the record, I am not now, nor have I ever been, an oil and natural gas abolitionist. We will have to continue extracting oil and natural gas for centuries, possibly millennia. We need hydrocarbons for the components of modern life: pharmaceuticals, building materials, chemicals and lubricants. We also need petroleum products for wind turbines, solar panels, electric vehicles, power generation and electricity transmission. Look around and you’ll see hundreds, if not thousands, of things made from oil and natural gas. We will be drilling holes in the ground to extract crude oil and natural gas for a long time;…

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The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has announced that it will hold an oil and gas lease sale in the Gulf of Mexico on March 29. Gulf of Mexico Oil and Gas Lease Sale 259 will offer approximately 13,600 blocks on 73.3 million hectares in the Western, Central and Eastern Planning Areas of the US Outer Continental Shelf, according to a statement published in BOEM website, which adds that BOEM must receive all bids. only via the US Postal Service before 10:00 a.m. Central Daylight Time on March 28. In the statement, BOEM highlighted that…

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In 2019, Tampa resident Nick Augeri, a self-described EV enthusiast, bought his first, a Tesla Model 3. He loved the process — it was all online. He placed his order in a few clicks and it showed up a day or two later. Augeri even arranged for the electric car maker to pick up his gas station, a Ford F-150 truck. Tesla was the leader in moving car shopping out of the franchised dealership and onto the Internet. In 2019, he said he would no longer sell cars any other way. The decision, which CEO Elon Musk issued as a…

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Valvoline Cummins has launched the “Switch to Synthetic” campaign, encouraging consumers to switch to fully synthetic motor oil for the best protection of their vehicles. The campaign emphasizes the brand’s belief that all cars deserve the best car care and should be looked after. Keeping this thought in mind, the brand associated with 98.3 FM Radio Mirchi Fame RJ Naved, who is also known as Mirchi Murga for the campaign. In this digital video, RJ Naved in his usual avatar, randomly calls a car owner acting as a mechanic and plays pranks on them. Watch the video here: Speaking of…

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Corie Ventura and Lawrence Grose 2 minutes ago MEMPHIS, Tenn. – A driver hit a pole in Whitehaven on Monday morning, causing his car to split in half. The crash happened shortly after 2:30 a.m. on East Raines Road between Millbranch and Boeingshire. Memphis police say they are closing lanes of traffic for an unspecified amount of time. They are asking drivers to use alternate routes. The accident caused several poles and cables to fall. A wrecker is on scene loading the vehicle and clearing the debris. WREG will make updates to this story as they become available. Source link

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As the price of new trucks skyrockets, the practicality of owning one as part of a small business or for personal use is diminishing. Luxury used trucks aren’t much cheaper as recent supply chain issues affect new truck production, making late model used trucks highly desirable. But is buying an older used truck a good idea? Second hand trucks | Jeff Kowalsky/Bloomberg via Getty ImagesIs it a good idea to buy an older used truck? Buying an older truck, especially one under $5,000, carries a higher risk of problems, including accidents or unreported breakdowns, and offers less safety technology and…

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The main oil company of the United Arab Emirates has increased the size of the initial public offering of its gas business, already the largest in the world so far this year, to $2.5 billion. The move comes after investors snapped up all available shares just hours after they went on sale last week. Abu Dhabi National Oil Co. will now offer 3.84 billion shares, or a stake of about 5%, in Adnoc Gas in the IPO, according to a statement released on Monday. I was looking to sell 4% before. The price range remains unchanged at 2.25 dirhams ($0.61)…

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Cheap cars are disappearing. Expensive cars are easy to find. If you haven’t gone car shopping in five years or so, you might be surprised at how much the new American auto market is targeting high-income buyers with good credit while everyone else is being squeezed out. “Now there are only three subcompact cars available to American car buyers that cost less than $20,000.” The end of the affordable car Over the past five years, sales of new vehicles priced under $25,000 have fallen 78%. A new analysis by the Cox Automotive Industry Insights team took a snapshot of total…

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PRESS RELEASEPosted on February 27, 2023 “Biofuels market” The report is an in-depth analysis study offered that explains necessary aspects such as competition, segmentation, and indigenous growth in immeasurable detail. As part of the competitive analysis, the analysis study includes a thorough company identification of the leading players in the Biofuels industry. Global biofuels market report includes global opportunity analysis and industry forecast to 2032. The global market value is expected to reach USD 163.87 billion by 2022, registering a CAGR of 7.65 % from 2022 to 2032. The base year considered for the study is 2021, and the forecast…

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Hydrogen has been the future for a few decades. Toyota put its eggs in the H2 basket, but drastically underestimated how quickly battery electric vehicles (BEVs) would gain market share. The original Mirai was a decent point in the water, but hardly exciting enough to compete with halo vehicles like the Tesla Model S or Porsche Taycan, and the 2021 version was only a slight improvement. With the iX5 Hydrogen, however, BMW is taking a different tack. I recently had the opportunity to drive one in Belgium. On location with the BMW iX5 Hydrogen in AntwerpTom Kirkpatrick/BMW AG While the…

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