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.
The shortfall came as a shock to many analysts and observers who had long operated under the assumption that U.S. vehicle efficiency targets were effectively written in stone.
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:
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.
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 →
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.
Oil companies bristle at the comparison. But overlap between both industries existed as early as the 1950s, new research details.
“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.”
The U.S. government has issued a report on fuel economy and greenhouse gas standards for U.S. cars and trucks that were first established in 2012.
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.
