Archive for January, 2018
Tesla Model 3 production target pushed back, despite progress
Tesla Model 3 delays impact share prices Tesla Inc announced it will likely be able to produce about 2,500 Tesla Model 3 sedans per week by the end of the first quarter, disappointing investors who expected the Palo Alto-based company to build 5,000 cars per week. In the fourth quarter of 2017, Tesla delivered 1,550 […]
Swedish-owned Lundin Group closing purchase of Cenovus assets in Alberta on Jan. 5
Cenovus sold assets as part of de-leveraging plan after spending $17.4 billion to acquire ConocoPhillips oil sands, Deep Basin properties The sale of Cenovus Energy’s Suffield and Alderson oil and gas assets to International Petroleum Corp., a newly formed Canadian company owned by Sweden’s energy and mining conglomerate Lundin Group, is expected to close Friday, according to an […]
US gasoline prices higher in 2017
Texas gasoline taxes among lowest in United States U.S. regular retail gasoline prices averaged $2.41 per gallon (gal) in 2017, 27 cents/gal (13 per cent) higher than in 2016, but two cents/gal less than in 2015, according to the U.S. Energy Information Administration. Higher crude oil prices in 2017 contributed to higher gasoline prices. In 3 of the […]
Toshiba claims to create EV battery with 320 km drive range on 6 minute charge
Ultra-rapid recharging can be done in cold conditions, as low as minus 10°C, in ten minutes, claims Toshiba Toshiba Corporation announced the development of its next-generation SCiB which uses a new material to double the capacity of the battery anode, according to a press release. But electric vehicle analyst Chris Robinson says costs are still too […]
Hybrid or EVs make up over half new car sales in Norway
EVs exempted from almost all taxes in Norway Reuters reports that sales of hybrids and EVs in Norway in 2017 rose to over half the new registrations in the Scandinavian, oil-rich country. According to data released on Wednesday by the Norwegian Road Federation (OFV), pure electric cars and hybrids accounted for 52 per cent of […]
Column: OPEC’s focus on oil stocks risks prices overshooting
Oil stocks overhang compared to 5-yr average has narrowed significantly By John Kemp LONDON – The Organization of the Petroleum Exporting Countries (OPEC) is sticking doggedly to its plan to cut commercial oil inventories down to the five-year average to rebalance the oil market. But in doing so, the organization risks tightening the market too […]
Autonomous vehicle sales forecast to surpass 33 million annually in 2040 -IHS Markit
U.S. market will see first autonomous vehicle sales in world More than 33 million autonomous vehicles will be sold globally in 2040, a substantial increase from the 51,000 units forecast for the first year of significant volume in 2021, according to the latest autonomous vehicle sales forecast from IHS Markit. The rapid convergence of autonomous driving and mobility […]
California vs. Texas carbon pricing strategies: Notley, Kenney asking Alberta to pick one or the other
NDP policy lines up Albert with emerging Asian markets, UCP approach with existing customers in Texas, Midwest Yesterday morning I wrote about the carbon tax debate in Alberta, pointing out that Jason Kenney and the UCP were kicking the political stuffing out of Rachel Notley and the NDP on this issue. An afternoon interview with […]
Oil prices hit 2 1/2 year high on strong economic data, Iran tensions
Oil prices up as Iran protests continue Oil prices rose to their highest levels in 2 1/2 years as investors were encouraged by strong economic data from the United States and Germany and the continuing unrest in Iran. By 1:06 p.m. EST, Brent crude was up $1.05 to $67.62/barrel, the highest since May 2015. US […]
Canadian government claims climate action working in report to United Nations
Canada is setting new vehicle emission and clean fuel standards in the near future Canada is making strong progress toward meeting its 2030 climate target, according to a year-end report submitted to the United Nations, according to a Government of Canada press release. One year after launching Canada’s first clean-growth and climate action plan in partnership […]
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