Oil rises from 3-week low as supply concerns linger Via Reuters: Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, as worries over tight supplies still clouded the market outlook. Brent crude futures climbed $1.42 or 1.4%, to $102.52 a barrel at 0651 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose […]
Tesla delivers 310,048 electric vehicles in the first quarter Via CNBC.com: Tesla just reported first-quarter vehicle production and delivery numbers for 2022. Here’s how they did. Electric vehicle deliveries (total): 310,048 Electric vehicle production (total): 305,407 Over the same period last year, Tesla delivered 184,800 electric vehicles and produced 180,338 cars. Model 3 and Model Y vehicles comprised 95%, or 295,324, of deliveries in the first quarter of 2022, according to Tesla. […]
Biden announces release of oil from Strategic Petroleum Reserve, blames Putin, oil companies Via Just The News: President Biden on Thursday afternoon said he would release 1 million barrels a day from the country's Strategic Petroleum Reserve to help slow rising gas costs in the U.S. – while putting much of the blame for soaring energy costs on "Putin's Price Hike" and oil companies whom he says are putting profit […]
Gas prices, already at record highs, expected to go higher Via Just The News: Gas prices have soared to record highs in the past year, and analysts say they likely will only get higher. According to AAA, the national average gas price is $4.33 a gallon, up from an average of $2.86 the same time last year. “If current policies now considered by the U.S. and Europe continue, it is […]
Record fuel prices impacting trucking industry expected to compound inflation Via Just The News: It’s not just high gas prices that will increase the cost of trucking goods for consumers. Emission standards proposed by the U.S. EPA are also expected to increase costs. Illinois has the 7th highest gas prices in the nation, according to AAA. Don Schaefer with the Mid-West Truckers Association said the price increase throughout the region […]
Elon Musk tells Europe: 'Restart dormant nuclear power stations' Via Just The News: Billionaire entrepreneur Elon Musk on Sunday said it is "critical" for Europe to restart dormant nuclear power plants and increase the output of existing stations due to energy problems following Russia's invasion of Ukraine. "Hopefully, it is now extremely obvious that Europe should restart dormant nuclear power stations and increase power output of existing ones," he tweeted. […]
Oil could vault as high as $150 a barrel Via CNBC.com: Oil prices are soaring and nothing appears to be stopping their ascent. December to January saw international benchmark Brent crude climb by roughly $11 a barrel, and it’s gone up nearly the same amount since the start of February, underpinned by supply concerns, rising inflation and geopolitical tensions. Brent surpassing $100 a barrel is almost a given at this […]
Electric vehicles dominated Super Bowl ads, but are still only 9% of passenger car sales Via CNBC.com: Six of the seven car brands that ran an ad during the Super Bowl featured electric vehicles, according to analysis published Monday by the online car shopping marketplace Cars.com. The start-up Polestar featured its Polestar 2, while GM’s corporate brand advertised several EVs. Other brands pushing electric cars included BMW, GM’s Chevy, Kia, Nissan […]
Study blames top companies for exaggerating their ‘green’ achievements Via RT.com: A report released on Monday suggests that environmental obligations made by 25 of the world’s largest corporations largely fail to put forward their declared “zero emission” and “carbon neutral” goals. The study by the Corporate Climate Responsibility Monitor also concluded that the companies’ climate pledges require more detailed evaluation, as most of the corporations tend to exaggerate or misreport […]
