Battery-powered electric cars outsold gasoline ones at the dawn of the automotive age. In a decade or so they may well do so again. Investors need to watch out they don’t get caught on the wrong side of history.
General Motors is aiming for more widespread sales of the 238-mile 2017 Chevrolet Bolt EV, which went on sale in California yesterday.
Playing around with the map, you can see why natural gas and renewables are likely to provide much of America’s new electric capacity going forward.
The symbolism was obvious. GM, which is racing against Tesla to win the burgeoning market for lower-priced all-electric cars, delivered its first three Chevy Bolt EVs to a dealership in Fremont, California, on Tuesday. That’s the city that is home to an assembly plant that will soon start building Tesla’s all-electric car, the Model 3.
After hitting lows earlier this year, gasoline prices are on the march upward again and are poised to approach $3 per gallon in parts of the country in early next year following multiple deals to cut oil production, analysts said.
The International Energy Agency said Tuesday that it expects the global crude oil glut to start disappearing in the first half of next year, much earlier than it previously predicted.
It seems like a big deal. But the joint production cut from OPEC and non-OPEC countries — the first in 15 years — might push up the price of oil less than the nations involved are banking on.
Pacific Ethanol Inc. announced it’s expanding its Midwest operations Monday by acquiring a Nebraska grain elevator, a move that would increase its access to the raw material for its ethanol while strengthening ties with the agricultural community.
U.S. gasoline consumption has been growing at the fastest rate for more than a decade as lower fuel prices and an expanding economy have combined to produce a big increase in demand.
As oil prices recover and U.S. shale production picks up, energy companies that had planned to ship crude on the Dakota Access Pipeline will turn to rail, a transport method that poses its own risks to the environment and local communities.
