Tesla is making its way into the heart of the oil producing world. Announced on Monday, Tesla’s first venture in the Middle East will be in the United Arab Emirates. The Model S and Model X will be available starting this summer. “Dubai seems like the perfect place for us to make a significant debut …
Memo to the GOP: Cease your incessant fixation on Donald Trump immediately. By doing so, you are inadvertently falling into the trap set by your adversaries. Over the course of an entire week, and likely for many more days to come, the national discourse has revolved solely around one man: Donald Trump. This is precisely …
In 2020, as the COVID-19 pandemic disrupted the global economy, many industries faced challenges and shutdowns. However, ERMCO Inc., a Tennessee-based manufacturer of electrical transformers, experienced record-breaking sales and production. While other manufacturers struggled with supply chain issues, ERMCO’s facilities in various states continued to meet demand. CEO Tim Mills stated that 2021 surpassed the …
During this week’s smoky haze in central New Jersey, Kathy Jackson was forced to close all her windows and rely on the air conditioner to filter out the wildfire smoke coming from Canada. As an asthmatic with severe chronic obstructive pulmonary disease, Jackson couldn’t risk breathing in the dangerous particles. However, running the air conditioner …
1/2 Shell, amidst a lawsuit for environmental negligence by a climate group, affirmed its commitment to the energy transition. However, the company still prioritizes investment in fossil fuels. (Image source: Kevin Dietsch/UPI) June 14 (UPI) — Shell, one of the world’s largest energy companies, announced on Wednesday that it remains focused on delivering returns to …
1/2 With advances in renewable and alternative forms of energy, the International Energy Agency sees peak demand for fossil fuels emerging before the end of the decade. File photo by Pat Benic/ UPI | License Photo June 14 (UPI) — The International Energy Agency (IEA) stated on Wednesday that global crude oil demand is set …
1/2 Treasury Secretary Janet Yellen said various sub-federal government entities may be able to qualify for some of the clean-energy tax incentives outlined in last year’s Inflation Reduction Act. Photo by Bonnie Cash/UPI | License Photo June 14 (UPI) — State and local governments now have the opportunity to receive tax credits for their clean …
Goldman Sachs has reduced its oil price forecast by almost 10% due to increasing supply and slower demand for crude. The investment bank lowered its Brent outlook for December to $86 a barrel and revised down its WTI forecast for December from $89 per barrel to $81. This marks Goldman’s third downward revision in six …
According to recent data, gasoline prices in the US are slowly escalating due to a slight uptick in implied demand. Although crude oil prices remain steady, any indication of higher demand could result in a minor price increase at the pump. AAA reports that the national average for regular unleaded gasoline is currently at $3.58 …
April saw a decline in inflation, with the consumer price index rising only 4.9% compared to the same period last year, marking the smallest increase since April 2021. This signals a deceleration of prices for household staples and an overall moderation of price pressures for consumers from multidecade-high levels. Policymakers aim to keep inflation at …