In another sign that the world has reached the end of the oil era, the recent statistics of the US solar industry show that SOLAR energy accounted for the majority of new power generation in the US for the first time in history and that fossil fuel new capacity only accounted for 3 % of new capacity.
Arpa-E, an agency under the US Department of Energy, announced that they are developing the new generation of batteries that will change the way we use and store energy. Other companies have committed to fund research to speed up the development of these new energy storage systems.
U.S. shale oil companies are using the post- OPEC rally to hedge their oil price risk for next year and 2018 above $50 a barrel, bankers, merchants and brokers said, pushing the forward oil curve upside down.
The rush to hedge — locking in future cash flows and sales prices — could translate into higher U.S. oil production next year, offsetting the first output cut by the Organization of Petroleum Exporting Countries in eight years.
The past few years have been difficult for the global diamond industry.
After a rapid recovery from the 2008 financial crisis, prices have been sliding since 2011. An index of rough diamonds by Polished Prices, a market data company, last month reached its lowest level since 2010.
Mercedes-Benz is planning its own distinct line of electric vehicles, challenging BMW and Tesla Motors Inc. in a bet that alternative-fuel cars have the potential to become profitable.
Mercedes will add two electric sport utility vehicles and two sedans, according to two people familiar with the plan, who asked not to be named because the details haven’t been disclosed. Mercedes will create a new sub-brand for the cars, though a name hasn’t been chosen yet, one of the people said. Chief Executive Officer Dieter Zetsche said in June that the company planned to unveil an electric car at the Paris motor show in September.
The worst fears of OPEC and Asian gas exporters are about to come true.
U.S. shale drillers who pushed domestic crude production to a 45-year high and unlocked record amounts of natural gas are letting those supplies loose into global markets they were absent from for decades.
2015, the Great Bear Year for Commodities
2015 was probably the worst year on record for the commodity complex at large.
As we anticipated correctly in 2014, energy prices collapsed 30 to 40 % and metal prices fell between 10 and 30 % after three consecutive years of bad performances since their 2011 peak.