Exxon has dismissed the probes of its accounting practices as unwarranted and politically motivated, but they could mark a watershed moment for the oil and gas industry.
While this past weekend’s earthquake in Oklahoma will not likely bring drilling to a halt, it could usher in a new era of heightened oversight on fracking in a state that has seen increasing investment from shale companies in recent years.
To avoid a morass of conflicting local codes, the federal government, in conjunction with stakeholders and other organizations, should offer model regulations for autonomous vehicles, including for on-demand ride services.
Instead of achieving the original, headline-grabbing efficiency target of 54.5 miles per gallon (mpg), the fleet of new vehicles sold in 2025 is likely to clock-in at more like 50 mpg. And even that target depends on fuel prices over the next decade—with oil prices needing to approach $100 per barrel by 2025 to keep efficiency above 50 mpg.
As with every major technological transition, driverless cars will result in winners and losers. Here are seven of the biggest challenges as the technology moves forward.
Understanding why 54.5 mpg is a largely symbolic number, why higher truck sales make it easier for automakers to reach their targets, and how automakers are balancing performance with efficiency.
Semi-autonomous driving features like advanced cruise control can impact vehicle efficiency by up to 10 percent, but current regulations don't test for these technologies.
Uber is rumored to have purchased 100,000 autonomous vehicles from Daimler’s Mercedes Benz. While Daimler and Uber have yet to comment based on press reports, the deal would make a lot of sense for both companies, and it would be an important step for the penetration self-driving cars.
Self-driving cars have the potential to bring extraordinary benefits to consumers and society as a whole, but technology is moving faster than policymakers can keep pace with. In order for self-driving vehicles to reach their potential, there needs to be a federal regulatory environment that allows for flexibility and accelerated development.
The announcement, which has been seen as unusually proactive for a federal agency, focuses on a collaborative approach towards creating a “flexible framework,” that can enable driverless car technology to move forward.