US crude export ban lift has changed dynamics of global oil industry WASHINGTON _ Oil prices have remained low despite heightened tensions between two of the world’s big oil-producing countries, Iran and Saudi Arabia, and a new law allowing U.S. crude exports helps explain why, the oil industry’s top lobbyist said Tuesday. Jack Gerard, president and CEO
Lifting of US crude export ban helps keep down oil prices: Expert Read More »
Technology for driverless cars ‘more or less ready’ LAS VEGAS _ Powerful computers that can drive better than people, high-definition road maps and low-cost sensors are about to remove some big barriers to self-driving cars. Some breakthrough features will come to your dashboard quickly, while others will take a few years. But companies from Silicon
Driverless cars: Computing power, software breakthroughs highlighted at CES show Read More »
US auto sales increased thanks to low gas prices, interest rates DETROIT _ Americans are buying more new cars than ever before, however, low gas prices are cutting into sales of small cars, hybrids and electric vehicles. US auto sales were expected to reach a record high of 17.5 million in 2015, topping the old record of 17.35 million
US auto sales strong in 2015 but small cars, hybrids, electric vehicle sales drop Read More »
Oil prices to remain constant until production drops or economy picks up DALLAS _ A persistent glut of oil is trumping Middle Eastern tension, extending the slump in oil markets into the new year. The price of oil fell 30 per cent last year, following a 50 per cent plunge in 2014. At below $36 a
Saudi Arabia and Iran tensions won’t stop slide in oil prices Read More »
Schulich on Suncor deal: “I’m not selling at this price and you shouldn’t either” CALGARY _ A prominent Canadian businessman has taken out full-page newspaper ads to declare his opposition to a hostile takeover of Canadian Oil Sands, but the CEO of Suncor Energy says he believes Seymour Schulich is in the minority. In the
COS shareholders should reject Suncor: Prominent businessman Read More »
Canadian Oil Sands issued public letter to shareholders on Monday CALGARY _ The hostile takeover battle between oilsands giant Suncor Energy and its target, Canadian Oil Sands, could be resolved soon, with both companies revving up their rhetoric ahead of a Friday deadline. Suncor said Monday that it will move on to other opportunities if,
Canadian Oil Sands ‘Declaration of Independence’ issued as takeover rhetoric heats up Read More »
Lyft, Uber working on driverless cars DETROIT _ The automotive industry is placing its biggest bet yet that using a device to hail a ride, with or without a driver, is the future of transportation. General Motors Co. said Monday it is investing $500 million in ride-hailing company Lyft Inc. and forming an unprecedented partnership
GM invests $500m in Lyft as part of plan to speed development of self driving cars Read More »
Service tallies up considerations involved in home solar panels RALEIGH, N.C. _ The company that lets you compare air fares and translate foreign languages online wants to make it easier to weigh the costs and benefits of installing solar panels on household rooftops. Google is rolling out a new online service that quickly tallies up
Home solar panels: Google expands effort to judge pros and cons Read More »
New Delhi also shutting older, less efficient power plants NEW DELHI _ The Indian capital on Friday kicked off a sweeping plan to reduce its record-high air pollution by limiting the numbers of cars on the streets for two weeks. New Delhi is testing a formula where private cars will be allowed on the roads only
New Delhi kicks off 2 week plan to cut air pollution by limiting cars Read More »
Rig count by Baker Hughes HOUSTON _ While rig counts in the United States only dropped by two this past week, the rig count in Canada is down significantly, ending the week with 43 less rigs exploring for oil and natural gas. Oil services company Baker Hughes reports that in the US, the rig count is now
US rig count down by two, Canadian rig count down 43: Baker Hughes Read More »
