The evolution of technology in the world of trucking took another step forward at the close of 2018. Companies like Stoneridge, Inc are focusing on new ways to improve driver safety and fuel efficiency by increasing driver vision through the use of Camera Monitoring Systems (CMS). According to the Commercial Carrier Journal (CCJ), the Federal Motor Carrier Safety Administration (FMCSA) has granted Stoneridge a five-year exemption from federal law requiring conventional rear-vision mirrors to allow trucks to use their multi-camera angle MirrorEye system as a replacement to standard rear-vision side mirrors.
The University of Pittsburgh has always been regarded as a world class research institution, and now they are taking that reputation into the world of natural gas. Researchers from the Swanson School of Engineering were recently awarded a $1.76 million grant from the Department of Energy to conduct testing on a new method for treatment of hydraulic fracturing wastewater. University of Pitt is teaming up with EQT, a Pittsburgh-based natural gas company, and Aquatech International LLC, a wastewater treatment company, to develop their new method.
With the Iran sanctions looming, international oil markets are looking for alternative crude suppliers. The United States and the European Union (EU) as well as many others, have initially turned to Saudi Arabia. However, there is uncertainty of the Saudi’s ability to fill in the production gaps given the recent turmoil over a murdered Saudi Arabian journalist. One source of additional crude production available is Russia, according to Igor Sechin, the Chief Executive of Russian oil major Rosneft.
The U.S. typically sees a drop in gasoline prices as demand begins to tail off at the end of the summer travel season. This year is breaking the trend with gasoline prices sitting at their highest for the season since 2014, due in large part to the global oil price rally. AAA reports that the national price average was at $2.867 as of Wednesday, September 26th. Gasoline prices were 27 cents higher per gallon than they were at the same time last year, and this backwards trend could continue into the fall and winter seasons.
Natural gas continues to be an increasingly important force within the United States Energy sector, and Pennsylvania is a cornerstone state for natural Gas production. According to the EIA, only Texas is responsible for producing more natural gas than Pennsylvania in the United States. Mass energy producers need mass distribution networks, and the Atlantic Sunrise natural gas pipeline out of northeastern Pennsylvania will help distribute natural gas all along the eastern seaboard as far south as Alabama.