Crude, Gas, Oil
Latest news on crude, natural gas and oil
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CA bans new car sale of gas-powered vehicles
California plans to ban the sale of new gasoline-powered passenger cars and trucks starting in 2035 in a dramatic move to shift to electric vehicles and reduce greenhouse gas emissions. The move would be the most significant to date by a US state aimed at ending the use of internal combustion engines for passenger travel.
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Oil Demand Continues to Decline
World’s Largest Offshore Rig Owner Files Bankruptcy This company is the largest rig owner in The World. UK-based offshore drilling contractor Valaris has filed for bankruptcy protection in the United States, offering creditors to swap some $6.5 billion of its $7.8-billion debt pile for equity. Valaris follows Diamond Offshore Drilling and Noble Corp in bankruptcy court as
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GREEN CAR MYTH
THE GREEN ELECTRIC CAR MYTH: 772 Pounds Of Petro-Chemical Plastics In Each Vehicle (Source SRSrocco Report) How can an electric car be called “Green” when it contains more than 700 pounds of plastic?? Electric vehicle (EV) manufacturers are using more plastic to lower the weight of the car due to the massive battery used, weighing
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SRSrocco Report
Independent Researcher & Precious Metal Analyst Independent researcher Steve St. Angelo (SRSrocco) started to invest in precious metals in 2002. Later on in 2008, he began researching areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI
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$110T Renewable Energy Stimulus Package
$110 Trillion Renewables Stimulus Package Could Create 50 Million Jobs The past few weeks of current events have led us to unprecedented levels of job and capital destruction, decimated consumer spending, underperformance by nearly all major financial markets, and a breakdown in the world fiscal order. Even giant economic powerhouses have not been spared, with
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How A Virus Makes The Case For Renewable Energy
In an interview with Forbes last week, Charles Donovan, executive director of the Center for Climate Finance and Investment at Imperial College Business School in London, laid out the reasons why he thinks building a global economy based on fossil fuels makes the world more vulnerable to market disruptions like the one caused by the coronavirus. “I think
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Texas and Renewable Energy
2019 Texas Produced More Renewable Energy Than Coal Last year Texas generated more energy from renewable sources than from coal, according to data from the Electric Reliability Council of Texas. Texas produces the most wind energy of any state in the nation, and its solar energy capacity is growing rapidly. Earlier this year, Texas’ wind
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2020 Electric Cars
The Future in now Virtually every automaker is ramping up research, development, and production in anticipation of a future where the roads are populated with battery-powered electric cars, crossover SUVs and, yes, even pickup trucks. To that end, Ford just announced it would electrify its sales-leading F-150 full-size pickup for an as-yet-undisclosed model year. Coming
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All Electric = Low Carbon
All-electric homes offer a prototype for low-carbon housing in Colorado Huddled in a construction trailer last year, a team overseeing development of an affordable housing complex in the Colorado mountain town of Basalt agreed to make a bold statement about future energy use. No natural gas lines were to be laid through the red soil
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Carpooling – Environmental Friendly
The Cool New Trend Environmental friendly The average American spends over 430 hours driving every year. In a single year, a passenger car emits around 10,000 pounds of carbon dioxide, 600 pounds of carbon monoxide and consumes around 550 gallons of gasoline. This is only one single car. To add to this, everyday there
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Renewables Lead Peak Energy
It can be hard to get your head around just how much energy the world uses. Expressed in terms of oil, it was equivalent to almost 14 billion metric tons. That’s like burning through all of Russia’s proved reserves in the space of 12 months, which is, in technical terms, a lot. But there’s an
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Amazon will order 100,000 Electric Vans
The Michigan-based startup is riding high from a series of major funding rounds in 2019, including one led by Amazon Amazon CEO Jeff Bezos said the company has placed an order for 100,000 electric delivery vans from Michigan-based startup Rivian. The announcement came during an event on Thursday in Washington, DC where Bezos unveiled Amazon’s sweeping plan
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Saudi Oil Crisis not Over
Saudi Oil Crisis Far From Over The greatest crisis in nearly 50 years for oil’s largest exporter appears to have ended in just 72 hours. Or has it? With what seemed like the wave of a magic wand, Saudi Prince and Energy Minister Abdulaziz bin Salman said almost half of the output lost from the
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What Does Saudi Attack Mean To Consumers
WHERE WILL I FEEL THE COST INCREASES? Consumers around the world could see costs rise for products ranging from gasoline and diesel to home heating costs and air fares, after this weekend’s attacks caused a spike in global oil prices. As the cost of transportation rises, that could mean shipments of other goods, such as
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NC Legal Maneuver to Avoid Pipelines
A little-known administrative rule allows state officials to cancel environmental certificates if conditions change. With the Atlantic Coast Pipeline mired in federal lawsuits and its construction stalled indefinitely, North Carolina environmental advocates are attempting a novel legal maneuver to stop the gas project from ever coming to the Tar Heel State. Friends of the Earth
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Saudi Arabia Attack
Oil May Jump at Least $5 a Barrel After Saudi Arabia Attack Oil traders and analysts expect prices to jump at least $5 a barrel Monday after a strike on a key facility cut Saudi Arabia’s production by half, pulling some 5% of world supply off the market. Saudi Aramco lost about 5.7 million barrels