In the market for the electric version of General Motors Co.GM +1.03%’s Chevrolet Spark compact car? It appears you’re no longer alone, as the auto maker appears to have pretty much sold out of the previously slow-seller in April.
It is not because of decreased rig count. It is because cash flow at current oil prices is too low to complete most wells being drilled.
Ending months of delays and uncertainty, federal regulators on Friday disclosed new rules for safer transportation of crude oil by trains, introducing a new tank car standard and mandating the use of new braking technology.
Nobody saw it coming. Oil prices had been sliding, but on Oct. 1, the future still looked bright. For the next three months, oil would average $97 a barrel, according to a Bloomberg survey of 36 analysts. The first quarter of 2015 would be even better. The most pessimistic among them called for $91 a barrel. Ha.
The fossil fuel industry is a bigger threat to global health than tobacco and the Bill and Melinda Gates Foundation and the Wellcome Trust have a moral obligation to divest from it, an international organisation that represents 1 million medical students has said.
Toyota does not like battery-electric cars, and the world’s largest carmaker isn’t shy about that sentiment.
The delivery schedule for Tesla’s Model X SUV is still on track, going by the company’s most recent filing with the SEC (on April 23) — which reported that both the Alpha and Beta prototypes of the electric SUV had been completed.
For years, Nebraskans wondered whether the state’s fledgling ethanol sector would amount to much. Now, the answer is in, as explained in a new report from University of Nebraska economists.
California is the nation’s air pollution paradox. We have the country’s dirtiest air, especially in the Central Valley and the Los Angeles basin. But we are also a national leader in efforts to improve air quality. And we’ve made more progress on that front than most other parts of the country.
Forests of idle drilling rigs, piles of pipe and ranks of empty trucks are a new and tangible sign of the financial trouble sweeping the oil patch.
