Tesla can build all the cars it wants. The real challenge could be selling them
There’s no assurance Tesla can scale up that quickly, especially because it is still struggling with the launch of its new Model X.
Big Oil abandons $2.5 billion in U.S. Arctic drilling rights
After plunking down more than $2.5 billion for drilling rights in U.S. Arctic waters, Royal Dutch Shell Plc, ConocoPhillips and other companies have quietly relinquished claims they once hoped would net the next big oil discovery.
Is the American dream of energy independence dead?
“I don’t know if it’s physically possible for us to ever get to a point where we don’t need to import certain types of crude,” Suzanne Minter, Oil & Natural Gas analyst at Platts Analytics, told CNBC.
Is American oil ‘dead’? T. Boone Pickens says yes … but only for now
The billionaire oil investor recently made headlines for declaring, at a Manhattan dinner, that the industry is “dead in the water.” That said, it won’t be forever, says Pickens.
How one oil refinery explosion cost us billions of dollars at the pump
A recent study by Santa Monica–based think tank RAND Corporation concludes that ExxonMobil’s Torrance outage cost California drivers nearly $2.4 billion at the pump.
Power and a ‘brutal’ battle against Iran: What the Saudi reshuffle REALLY means
Saudi Arabia’s decision to replace its once-influential oil minister is being viewed widely as the latest effort of Deputy Crown Prince Mohammed bin Salman to consolidate power and pursue what one analyst has called a “brutal battle for market access against arch regional rival Iran.”
Despite shale glut, U.S. imports more foreign oil
The U.S. is importing more foreign crude than it has in years, becoming one of the last ports of call for many oil-producing nations despite a glut of crude from domestic companies.
Gas prices jump as demand increases
The classic combo of dwindling supply and increased demand is pushing gas prices up across Minnesota and the nation.
Colorado high court rules local bans on fracking are illegal
The Colorado Supreme Court ruled Monday that municipalities can’t bar hydraulic fracturing, a long awaited decision in a legal battle that has rippled across this energy rich state.
Why electric car owners are switching back to SUVs
Edmunds found a mere 27.5 percent of all hybrid and electric vehicle trade-ins in the first quarter of 2016 were applied to the purchase of a new hybrid or electric car. Instead, the rest of customers were found to be switching back to gas vehicles, especially SUVs.
