Woman pumps gas outside of Wawa storefront Saul loeb Energy prices are surging, and the economy is already feeling the pinch of higher fuel costs though it is far from stalling out. There is an unusual coincidence of much higher oil, natural gas and coal prices, combined with other rising commodities and supply chain disruptions.
The flags of the EU member states in front of the European Parliament in Strasbourg, France Thomas Trutschel | Photothek | Getty Images Europe’s handling of the transition to a green economy has been “management by chaos” and high energy prices could persist until 2025, according to Johannes Benigni, chairman of analysis firm JBC Energy.
By Simon Alvarez Posted on October 12, 2021 The substantial amount of savings that would result from Tesla’s use of structural battery packs was highlighted recently at the company’s “Country Fair” in Gigafactory Berlin. As shared by some of the event’s attendees, Tesla featured some exhibits in its factory tour which showed the Model Y’s
The U.S. is likely to ask OPEC member states to pump more crude to help ease a surge in energy prices, according to oil historian Daniel Yergin. “Joe Biden knows that high gasoline prices are not good for incumbents,” Yergin, vice chairman of IHS Markit, said Monday in a Bloomberg TV interview. “We’ll certainly be
Whether it’s a sportsperson trying to outdo their rival on the playing field or a tech giant attempting to develop the latest cellphone and dominate the market, competition and going it alone can drive innovation and success. When it comes to the environment and climate change, however, things are different. As COP26 nears, calls for
I saw an interesting post by Tesla on its LinkedIn page about the story of Neville and Linda Hicks, who are part of South Australia’s Virtual Power Plant. Tesla shared a snippet of their story and a news article by ABC 7.30 on how rewiring Australian households could save them up to $6,000 per year.
An ESS Inc battery. Photo courtesy ESS Inc ESS is trying to solve a critical problem with renewable energy: How to store energy from wind and solar installations when the wind isn’t blowing and the sun isn’t shining. The company’s proposed solution is a long-duration energy storage batteries made of iron, salt and water, which
By Joey Klender Posted on October 11, 2021 Tesla has switched all vehicles in the Full Self-Driving Beta pool to Pure Vision, completely axing radar from any vehicles within the Beta fleet. Even if a member of the FSD Beta program has radar installed in their vehicle, Tesla’s Full Self-Driving beta program will not utilize
The Swiss electric bicycle company FLYER has announced that it is entering the North American market with several of its popular e-bike models. While not as well known yet in the US, the company has been active in Europe for over 25 years. With over two and a half decades of e-bike building experience, FLYER
Oil prices around $80 a barrel are once again spurring a revival of shale drilling in America’s biggest oil field, where production is expected to return to pre-pandemic highs within weeks. Only this time, the surge is being driven by private operators, rather than the publicly traded companies that fueled the previous booms. And they see little reason to slow
With just weeks to go until COP26 takes place in the Scottish city of Glasgow, discussions about sustainability, the environment and net-zero goals are at the forefront of many people’s minds. The stakes are high for the climate change summit, which will be hosted by the U.K. In a speech at the U.N. General Assembly
By Karina Hershberg, PE For most of human history, work and activity has been shaped by the sun. During the day, humans could farm, socialize, and build. At sunset, activity had to slow down, and shelter found. Energy was only used when energy was available, during daylight hours. We were leading Net Zero Carbon lives
By Simon Alvarez Posted on October 10, 2021 How far would a person go to rescue a friend? As shown by a Tesla Model 3 owner from Taiwan, the lengths that a person would go to is immense, especially if a friend is in danger of being abducted in broad daylight. Fortunately for the would-be
Here are some of Rigzone’s top stories during the last week, just in case you missed them… Analysts Release Latest Oil Price Forecasts Fitch Solutions Country Risk & Industry Research revealed its latest oil price forecasts to 2025 in a report sent to Rigzone. The Bloomberg Consensus, which Fitch Solutions is a contributor to, was
A poppy seed from your morning bagel is about 1,000 times larger than a bacterial cell. That small cell is about 1,000 times larger than the chemical structures National Renewable Energy Laboratory (NREL) researchers are creating and studying to transform how we use energy. A Smaller, Stranger World At such a small scale, the world
In this article .VIX An unprecedented trend appears to be underway between the booming energy sector and the turbulent stock market. Over the past ten trading days, the Bespoke Investment Group’s Paul Hickey finds energy has never performed this well while the S&P 500 is trading lower. “The energy sector is up close to 17%
Magali Sanchez-Hall, a Wilmington resident for over two decades, has struggled with asthma her entire life. She says the health issue stems from her proximity to oil and gas drilling. Emma Newburger | CNBC LOS ANGELES, CALIF. — Stepping out of a coffee shop near Interstate 110 in the Wilmington neighborhood of Los Angeles, you’re
By Joey Klender Posted on October 9, 2021 For the first time in the history of the European automotive market, electric vehicles outsold conventional diesel engine vehicles, according to new data from the European Electric Car Report. The milestone would not have been possible without the efforts of many automotive manufacturers that have committed to building
Tech bro and manly compensation jokes aside, how cool would it be to have your own supercar parked in your garage? How many young boys didn’t grow up looking at Ferrari posters or have at least one Lamborghini in their Hotwheels car collection? I for one never thought I’d actually own one… at least until
U.S. crude futures topped $80 a barrel for the first time since November 2014 as a global energy crisis boosts demand at a time when OPEC+ producers are keeping supplies tight. Futures in New York rose 1.3% on Friday, popping above the key, psychological level before pulling back. This week brought many indications that supplies