Oil prices remain flat as markets see the tremendous rig count rise in the U.S. as a strong cap on a noteworthy oil price recovery. (Click to enlarge) Chart of the Week (Click to enlarge) • U.S. CO2 emissions from the transportation sector over a 12-month period now exceed electric power sector emissions for the first time since the 1970s. • This is largely due to falling coal consumption for electricity. Between October 2015 and September 2016, for example, coal and natural gas had nearly equal shares of electricity generation (31 and 34 percent, respectively), but coal’s share of CO2 emissions topped 61 percent while natural gas only contributed 31 percent of emissions for the electricity sector. • As coal plants shut down, with replacements coming from a combination of solar, wind, gas and efficiency, power sector emissions are falling. Market Movers • BP (NYSE: BP) announced that its […]