Predicting oil prices is a fool’s errand
And boy, are there a lot of fools.
Ethanol industry contributed $2.1 billion to Minnesota’s economy in 2015
Minnesota’s ethanol industry contributed $2.13 billion to the state’s gross domestic product in 2015, according to a new study by ABF Economics.
Oil at 2016 high above $40 per barrel after producer price support talk
Global oil markets jumped more than 5 percent on Monday, with Brent hitting a 2016 peak above $40 a barrel, after Ecuador said it was holding a meeting of Latin American crude producers as OPEC sought a higher anchor price for oil.
More oil industry spending cuts to hit production outlook: IEA
The oil industry cut investment spending by more than $100 billion last year and another round of major cuts this year is expected to hit the production outlook, the International Energy Agency’s chief economist said on Friday.
Are small cars an endangered species?
The combination of falling gas prices and the boomlet of higher-riding crossovers is forcing automakers to stop making certain passenger cars that don’t generate sufficient sales or profits to satisfy Wall Street or American consumers.
Aubrey McClendon dead in car crash; Chesapeake co-founder was 56
McClendon’s death comes a day after he was indicted by federal prosecutors on charges of conspiring, when CEO of Chesapeake Energy CHK +23.19%, to rig bids for oil and gas leases.
Oil, gas production ramping up in the Gulf: Here’s why
The U.S. government will open nearly 45 million acres in the Gulf of Mexico to oil and natural gas development later this month, at a time when low prices are forcing producers to cut back sharply on their exploration budgets.
Tesla fights back against anti-store bill ‘authored and pushed’ by GM
While past General Motors executives have said some nice things about Tesla Motors, today’s reality is much more naughty. The issue is whether or not Tesla should be allowed to sell its vehicles directly to customers, a battle that is alive and well in state capitols across the US.
Bad news for Southern California gas prices as major spike expected
If you’ve been enjoying Southern California’s falling gasoline prices you’d better fill up today, because industry experts say Southland prices will jump about 30 cents by Friday and keep on climbing for the foreseeable future.
Here’s how electric cars will cause the next oil crisis
It’s looking like the 2020s will be the decade of the electric car.
