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Month: July 2017

Category:
  • Shale Oil
  • USA

‘’U.S. Rig Count Must Drop 150 For Oil Markets To Balance’’

Analysts and investors have been growing increasingly concerned that the OPEC-led production cuts would not be enough to bring the oil market back to balance, and now one investment bank, Continue Reading

Posted On : 7 Jul 2017 Published By : Tom Whipple
Category:
  • Biofuels

EPA Proposes Cut in Biofuel Requirements

The Environmental Protection Agency has proposed a reduction in the amount of biofuels required to be added to gasoline, Reuters reports , in what could be a first step towards Continue Reading

Posted On : 7 Jul 2017 Published By : Tom Whipple
Category:
  • Electric Cars

BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new Continue Reading

Posted On : 7 Jul 2017 Published By : Tom Whipple
Category:
  • Electric Cars

Tesla Loses Stranglehold As EV Revolution Accelerates

Volvo became the first major auto company to announce the phase out of the internal-combustion engine from its lineup. The Chinese-owned Swedish car company announced on July 5 that every Continue Reading

Posted On : 7 Jul 2017 Published By : Tom Whipple
Category:
  • OPEC
  • Russia

Russian Energy Minister: No Additional Output Cuts Are Needed

While the oil market is increasingly questioning if OPEC/non-OPEC’s production cuts have any effect, Russia’s Energy Minister Alexander Novak weighed in on Thursday, saying that the production cut pact was Continue Reading

Posted On : 7 Jul 2017 Published By : Tom Whipple
Category:
  • Wind

Norway’s Largest Wind Farm To Power Google Data Centers

A new wind farm in Norway will begin providing electricity to tech giant Google by early September, according to an announcement from holding company Alphabet on Wednesday. The 50-turbine Tellenes Continue Reading

Posted On : 7 Jul 2017 Published By : Tom Whipple
Category:
  • Electric Cars

Lightyear One solar car charges itself and will have a 500-mile range

A Dutch startup is planning to bring a completely solar-powered electric car to market, which could theoretically let some drivers go for months without plugging it in. The ne plus Continue Reading

Posted On : 7 Jul 2017 Published By : Tom Whipple
Category:
  • Peak Oil

Fossil Fuel Empire: A World of Vulnerability

“It’s all about the oil,” many commentators said about the US assault on Iraq in 2003. Attributing a war to a single cause is almost always an oversimplification, but protecting Continue Reading

Posted On : 7 Jul 2017 Published By : Tom Whipple
Category:
  • Prices

Oil prices firm on rising political risk, but ample supply caps gains

Oil markets were firm on Wednesday on worries over geopolitical tensions in the Korean peninsula and the Middle East, although prices were capped as supply remains ample despite an OPEC-led Continue Reading

Posted On : 6 Jul 2017 Published By : Tom Whipple
Category:
  • Prices

Oil rally fizzles on OPEC doubts

Crude oil prices edge lower as doubts persist over whether the OPEC-led effort to keep markets in balance has any durability. File photo by Monika Graff/UPI July 5 (UPI) — Continue Reading

Posted On : 6 Jul 2017 Published By : Tom Whipple

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