Why oil prices will rise and many pundits will be caught by surprise
Inevitably, we will have another price shock – or at minimum an upside surprise. It’s unavoidable at this point.
Inevitably, we will have another price shock – or at minimum an upside surprise. It’s unavoidable at this point.
Nearly a week after pipeline operator TransCanada shut down a section of its Keystone line over an oil leak, the company reported Thursday thousands of gallons of oil were spilled, not less than 200 as it first said.
Venezuela’s President Nicolas Maduro has decreed that all Fridays for the next two months will be holidays, in a bid to save energy in the blackout-hit OPEC country.
We thought it would be useful to explain more about how it is that Elon Musk has killed the petrol car. And for that we went back to Stanford University’s Tony Seba, the academic who predicts that fossil fuels, coal and oil in particular, will be redundant by 2030.
The equivalent of 1,500 new coal plants are in the works worldwide. That’s a staggering number. If even a fraction of these plants get built and operate for their full lifetime, we’ll likely bust through the 2°C global warming threshold that world leaders have promised to stay below.
Tesla Motors Inc. pulled a pretty slick fake-out on investors and fans Monday by revealing, to their surprise, that it had delivered only 14,820 cars to customers in the first quarter of 2016, well short of its projected deliveries of 16,000 cars.
A top Saudi prince has announced new elements of a plan to reduce the kingdom’s heavy dependence on oil, amid a drop in world prices that has sent shock waves through the Saudi economy.
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