The saying “Close only counts in horseshoes and hand grenades” was brought to mind in the third bullet point that heads the Tesla third-quarter 2017 update letter signed by Elon Musk, chairman and CEO, and Deepak Ahuja, CFO.
The U.S. will no longer participate in the Extractive Industries Transparency Initiative (EITI), a global initiative that requires member nations to disclose their revenues from oil, gas and mining assets.
On Thursday, congressional Republicans proved that even car nerds can get wrapped up in the tentacles of tax reform.
Oil prices rose 3 percent on Monday as Saudi Arabia’s crown prince cemented his power over the weekend with an anti-corruption crackdown.
The kingdom will need oil to trade at $70 a barrel next year to break even. That’s down from a break-even of $96.60 a barrel in 2016, the biggest drop of eight crude producers in the Persian Gulf.
Ethanol dramatically reduces greenhouse gas emissions. Ethanol replaces toxic additives that have been linked to smog and cancer. Ethanol helps reduce America’s reliance on overseas oil.
If you are eagerly awaiting your Tesla Model 3, it might be time to download that meditation app, because you’re gonna have to relax and get ready to wait.
The Organization of the Petroleum Exporting Countries, plus Russia and nine other producers, have cut overall output by about 1.8 million bpd since January. The pact runs to March 2018, but the producers are considering extending it.
Corporations, unions and other interests spent $86.2 million on lobbying state government during the last quarter, with the oil industry leading the way as the Legislature approved an extension of California’s cap-and-trade program.
The just-unveiled Republican tax bill will eliminate a $7,500 federal tax credit for electric vehicles, and that would be Terrible news for Tesla. Shares of the automaker, already down after its earnings report, fell sharply on the news.
