Reduced capital investment and cancelled or postponed oil projects, combined with record-low drilling rig activity in the U.S. has many worried that renewed market tightness is inevitable, if not approaching.
Bioenergy produced from crops does not threaten food supplies, researchers funded by the U.S. government, World Bank and others said in a report, dealing a potential blow to critics of the country’s biofuels program.
Fuel cells have long promised a different and potentially superior path to electrifying automobiles, compared to battery-electric vehicles (EVs) with their limited range and relatively long recharging times. One of the biggest obstacles has always been the lack of infrastructure and supply.
The world’s biggest oil importer. The title nobody wants. For decades the U.S. held undisputed rights to the crown. Last year, China squeaked ahead for the first time amid growing demand and as rising U.S. shale production displaced overseas deliveries.
Michael Rothman, whom many consider to be the best energy analyst on Wall Street, predicts oil prices will surge above $85 a barrel by the end of the year.
Global oil demand will increase by 1.2 million barrels a day this year to 94.18 million a day, led by India, the group’s Vienna-based research department said in the monthly report.
Though Aston will also offer plug-in hybrids in some models, the future is electric, Palmer said. “In 20 years, I’m sure that everything has an electric motor associated with it. It’s as inevitable as death and taxes.”
U.S. auto safety regulators have chastised Tesla Motors over reports that it used nondisclosure agreements with consumers in exchange for covering out-of-warranty repair costs on some of vehicles
There’s another Democrat-on-Democrat struggle going on in the race for the California Assembly that’s full of suspense. It’s another episode in Big Oil’s ongoing fight to roll back the state’s ambitious climate laws.
Edward Niedermeyer, who blogs at the Daily Kanban, is a Tesla skeptic. He acknowledges that Tesla has done an impressive job so far. But he predicts that its next big project — bringing electric cars to the masses with the $35,000 Model 3 — will be a much harder challenge.
