Our readers know that we have been calling the End of the Oil Era for many years now and predict that oil prices will ultimately fall towards 10- 20 in the coming few years as demand decreases substantially.
Electric-car production in the European Union will get a spur today when EU regulators act to close a technological gap with China by seeking stricter emission curbs on manufacturers such as Volkswagen AG and Fiat Chrysler Automobiles NV.
The European Commission, the EU’s regulatory arm, intends to propose caps on car discharges of carbon dioxide for 2025 and 2030 as part of a stepped-up fight against global warming.
The U.S. dollar rallied on growing expectations that the Federal Reserve will hike interest rates later this year.
The Federal Reserve must respond to “very tight” U.S. labor markets by gradually raising interest rates or risk halting the economic recovery, a hawkish Fed official said on Saturday.
Crude Oil Production in the United States increased to 9238 BBL/D/1K in July from 9097 BBL/D/1K in June of 2017 confirming that price elasticity is strong in the oil market and endless potential supplies are ready to compensate for any attempt by OPEC to squeeze supply.
THE WORLD ECONOMY IS STARTING TO GROW GLOBALLY.
Global growth is firming, contributing to an improvement in confidence.
A recovery in industrial activity has coincided with a pickup in global trade, after two years of marked weakness.
The number of electric vehicles on the road rocketed to 2 million in 2016 after being virtually non-existent just five years ago, according to the International Energy Agency.
Registered plug-in and battery-powered vehicles on roads worldwide rose 60 percent from the year before, according to the Global EV Outlook 2017 report from the Paris-based IEA. Despite the rapid growth, electric vehicles still represent just 0.2 percent of total light-duty vehicles.
U.S. markets are at their highest risk levels since before the 2008 financial crisis because investors are paying a high price for the chances they’re taking, according to Bill Gross, manager of the $2 billion Janus Henderson Global Unconstrained Bond Fund.