Ethanol survivors bid on failed rival as demand expands
Some survivors of the American ethanol-industry downturn are looking to acquire assets from a failed competitor just as market conditions show signs of a rebound.
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Tesla races to finish ‘Gigafactory’ in time for model 3 rollout
Tesla Motors Inc. is scrambling to finish building its massive $5 billion battery factory here years ahead of schedule to meet demand for its coming cheaper sedan and provide power for new types of vehicles Chief Executive Elon Musk says are under development.
U.S. gasoline demand reaches record levels
The Energy Information Administration (EIA) released its most recent Short Term Energy Outlook (STEO), and the forecast now calls for record U.S. gasoline consumption this year:
Ocean Park Advisors to market Abengoa’s cellulosic ethanol plant
Abengoa celebrated the grand opening of the Hugoton plant in October 2014. In December 2015, the company reportedly laid off staff at the facility, citing financial difficulties as the reason for its action.
Tesla’s insane, magnificent new master plan
For any other company, this would be the time to bear down, eliminate distractions, and narrow its focus to a few core goals. For Tesla, of course, it’s just the opposite.
Is the transportation fuels market shifting away from oil?
When you hear the word fuel, the word “oil” probably immediately comes to mind. For years, oil has been the dominant transportation fuel, but according to a new report by the firm Lux Research, the market is beginning to shift away from the commodity. Read more →
Oil prices set to peak sooner than expected on supply shortage, Barclays says
The bank said it now sees oil prices averaging $85 a barrel by 2019, slightly higher than its prior view and one year ahead of its last assessment in October.
Poll: When it comes to ethanol, U.S. drivers don’t really care
U.S. farming and oil lobbies have spent over a decade battling over a government program that requires that renewable fuels are blended with gasoline, but a recent survey showed motorists largely don’t know or care what goes into their gas tanks.
The future of Big Oil? At Shell, it’s not oil
“We’re more a gas company than an oil company,” says Ben van Beurden, Shell’s chief executive officer. “If you have to place bets, which we have to, I’d rather place them there.”
Many laid-off oil field workers have left industry behind, survey finds
Many of the laid-off mechanics and roustabouts that ran drilling rigs during the oil boom have found new jobs in construction, retail and other sectors and may not come back even if the industry recovers.
