Automobiles

Cal on January 23rd, 2018

Imports are expected to make up more than 70% of China’s crude oil supply in 2018. Last year China overtook the US as the world’s largest oil importer. The world’s hottest offshore prospect for oil companies right now is off the South American coast of Guyana, where a string of major discoveries has drawn hundreds […]

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Cal on January 22nd, 2018

Who is Ahead in the Race to the Self Driving Car?   Source: GM Leads in Navigant Self-driving Report  While GM is in the lead, strong challenges are being mounted by such traditional car companies as Mercedes, Volkswagen, and Ford.

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Cal on January 20th, 2018

Navigant Research projects the total annual revenue for the energy storage and renewable integration sector will exceed $23 billion by 2026. Utility-scale and behind-the-meter applications are likely to experience the strongest growth. Energy storage systems are increasingly viewed as a way to mitigate the electric grid challenges caused by large additions of renewable energy sources. The Asia Pacific region […]

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Cal on January 15th, 2018

Ford Motor Co. announced it intends to have 40 hybrid and fully electric vehicles in its model lineup by 2022. 16 will be fully electric and the rest will be plug-in hybrids. To achieve this goal the automaker is spending $11 billion to develop dedicated electric vehicle architectures. The business plan is to move away from sedans and internal […]

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Cal on January 8th, 2018

The most significant development for world crude oil prices is the lack of investment in conventional oil which constitutes about 90% of the world’s oil supply.  Multiple voices are warning about the lack of investment in the energy sector. The International Energy Agency reports that last year energy companies approved the lowest number of new […]

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Cal on January 5th, 2018

China’s National Development and Reform Commission wants to implement artificial intelligence (AI) technology in at least half of all the nation’s new cars by 2020 and cover 90% of its big cities and highways with a wireless network that can support smart vehicles. China hopes to become a world leader in artificial intelligence by 2025. Smart vehicles are a key part […]

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Cal on December 31st, 2017

China announced it will extend its tax rebate on the purchase of “New Energy Vehicles” until December 2020.  The rebate applies to the purchase of electric cars, plug-in hybrids, and hydrogen fuel-cell vehicles. Sales of New Energy Vehicles in China are expected to hit 700,000 units in 2018. The head of Toyota Motor Company’s research and development […]

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Cal on December 21st, 2017

The World Bank will no longer finance upstream oil and gas projects after 2019. The move all but eliminates the World Bank’s support for fossil fuels. The bank has not supported coal projects since 2010. France announced it will ban all crude oil and natural gas development as of 2040.  The ban will apply to the […]

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