A worker uses a mobile phone torchlight to illuminate his cutting space at the fish market, where portable emergency lighting runs due to a power cut, in Beirut, Lebanon, on Wednesday, Sept. 8, 2021. Francesca Volpi | Bloomberg | Getty Images Natural gas from Egypt may start flowing to Lebanon within two or three months,
Month: November 2021
By Eric Ralph Posted on November 30, 2021 In a new leaked email, SpaceX CEO Elon Musk says that the company could go bankrupt if, by the end of 2022, it can’t achieve Starship and Starlink milestones that are by all practical appearances out of reach. The news – first broken by SpaceExplored – comes
Tesla’s approach to using giant casting machines, nicknamed Giga Press, to make car bodies with just a few massive casted parts is catching on in the auto industry. A Tesla supplier says that it is working with about half a dozen other automakers taking the same approach. Over the last few years, Tesla has been
In this article @NG.1 A liquid natural gas (LNG) storage silo at the LNG terminal, operated by LNG Croatia LLC, in Krk, Croatia, on Monday, Jan. 25, 2021. Petar Santini | Bloomberg | Getty Images U.S. natural gas futures slid Tuesday to the lowest level in more than two months as warmer-than-expected winter forecasts sent
British Columbia extended a state of emergency and fuel rationing until mid-December as the western Canadian province braces for more heavy rain following some of its worst floods on record. Parts of British Columbia are still struggling with damage from floods and landslides that closed highways and railways two weeks ago, sharply reducing the flow
In this article 7201.T-JP An electric concept car from Nissan is displayed at the company’s showroom in Yokohama, Japan, on November 29, 2021. KAZUHIRO NOGI | AFP | Getty Images Japanese automotive giant Nissan is to invest 2 trillion yen (around $17.6 billion) over the next five years to speed up the electrification of its
In this article @LCO.1 @CL.1 Oil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021. Kyle Grillot | Bloomberg | Getty Images Oil prices jumped on Monday as traders bet that Friday’s sharp sell-off, prompted by fears that the new omicron Covid variant will curb demand for
By Joey Klender Posted on November 29, 2021 The Michigan branch of LG Energy Solution has confirmed a $1.36 billion investment into an electric vehicle battery production facility in North America by 2024, according to Korean regulatory filings released on Monday. The $1.36 billion in funding will be used to expand its solely owned annual
A truck passes pumpjacks in the Belridge oil field on November 03, 2021 near McKittrick, California. Mario Tama | Getty Images News | Getty Images President Joe Biden’s administration stands ready to release even more barrels of oil from its strategic reserves should the need arise again, according to the U.S. State Department’s senior advisor
Trans Mountain Corporation has revealed that it has made “considerable progress” towards a safe restart of the Trans Mountain pipeline. “Based on current conditions and the amount of progress we have been able to make in the face of continued challenges with weather and access, we are working towards restarting the pipeline at a reduced
A long-time market bull is tempering his outlook due to inflation. Federated Hermes’ Phil Orlando expects the Federal Reserve will lift interest rates six times over the next two years to tame massive price increases from vehicles to shelter to food. “Our best guess is that we will see two quarter point rate hikes out
By Maria Merano Posted on November 28, 2021 Tesla Giga Berlin could start Model Y production by the end of December, according to German media outlet Automobilwoche. Brandenburg’s Office of the Environment could also grant Tesla’s long-awaited full approval for Giga Berlin in a few days, the report stated. Brandenburg’s Office of the Environment finished online
Elon Musk stayed true to his word and told Tesla employees not to worry as much about delivering as many cars as possible during this end-of-quarter delivery wave and instead focus on cost. It’s a significant change to what has been Tesla’s strategy for years. Tesla has been known to have intense end-of-quarter, and this
Oil crashed more than 10% in both London and New York as a new coronavirus strain sparked fears that renewed lockdowns will threaten the global recovery in demand. Both benchmarks tumbled on Friday with the emergence of the new variant representing the biggest threat to the recovery in oil consumption in several months, with a
By Simon Alvarez Posted on November 27, 2021 Tesla paid its $465 million loan from the US Department of Energy nine years early, and by doing so, the company had to pay an “early repayment penalty.” This was mentioned recently by CEO Elon Musk in a comment on Twitter. Musk’s remark came as a response
Oil prices suffered one of the largest ever one-day plunges, crashing more than 11% on Black Friday as a new coronavirus strain sparked fears that renewed lockdowns will hurt global demand. The crash, the 7th largest ever for Brent crude, the global oil benchmark, may prompt the OPEC+ cartel to re-consider its policy when it
An oil well pump jack operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images The Biden administration on Friday proposed reforms to the country’s oil and gas leasing program that would raise costs for energy companies to drill on public lands and
By Joey Klender Posted on November 26, 2021 A Tesla Model S Plaid ran a sub-9-second 1/4-mile for the first time at Maryland International Raceway in the United States. The Model S Plaid is Tesla’s crown jewel of performance. It is the fastest vehicle currently offered in Tesla’s lineup of vehicles and is currently the
Segway’s lineup of popular Ninebot electric vehicles are getting in on the Black Friday savings and the new F40 Scooter leads the way. On sale for the very first time, you can now save $80 on the new release. You’ll also find discounts on electric lawn mowers and much more below, as well. We also
Working oil pumps against a sunset sky. Imaginima | E+ | Getty Images Oil prices tumbled to the lowest level in more than two months Friday as the new Covid-19 strain sparked fears about a demand slowdown just as supply increases. The leg lower came amid a broad sell-off in the market with Dow futures
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