Auto makers have begun to produce Electronic vehicles or EV’s at a rapid pace in order to comply with Corporate Average Fuel Economy or CAFE standards. As of yesterday, another auto manufacturer has announced its 2019 entrant into the competitive EV landscape. Audi announced the global launch of their new electric sport utility vehicle, named […]
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Today, August 20, 2018 Greece exited its final bailout program from its fiscal crisis in 2015. In an article published by Reuters, the chairman of the ESM board of governors said, “Today we can safely conclude the ESM program with no more follow-up rescue programs as, for the first time since early 2010, Greece can […]
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The International Maritime Organization (IMO) impending regulation change might not grab headlines like the Iran sanctions or the Venezuelan economic crisis have; but some experts feel it will have a large impact on crude oil prices in less than 1 ½ years. On January 1st 2020, the IMO is set to enforce that marine vessels […]
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There’s been a lot of talk about the U.S. increasing its domestic crude oil production for the sake of exportation, but where exactly is that crude oil being shipped to? A large portion of the exports will be going to the world’s fifth-largest oil importer, South Korea. South Korean imports of U.S. crude are expected […]
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There has been much talk in the news recently about the United States GDP. The questions are, what is GDP and what does it have to do with the US economy?
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When we last looked at autonomous vehicles back in April, we discussed an overview of the pros and cons and potential impacts on the automotive and petroleum industries (Click Here). Let’s fast forward a few months and check in on the buzz around the world.
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Nine months ago construction began for Shell’s $6 billion ethane cracker plant in Monaca (Beaver County), PA. The project development includes building bridges, relocating a state highway, improving the existing interchanges, re-positioning the rail line, and prepping foundations for the new complex.
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India and China are currently discussing forming an Oil Buyer’s Club to counter the market power of OPEC. OPEC currently exists to stabilize the price of oil and reduce volatility, by either artificially raising the price of crude, or opening up their spigots and driving prices back down when competition starts to gain momentum. India […]
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FedEx, DHL, U.S. Postal Service and UPS have some new competition for last-mile delivery service. Amazon announced last Thursday that they are launching a new Delivery Service Partners program. Designed to let entrepreneur run their own fleet of Amazon vans with the Prime logo. Each delivery van will start at one of the 75 current […]
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President Donald Trump and his current administration have clear support on the infrastructure of pipelines. One of the most controversial pipelines to be completed by TransCanada is the KeystoneXL pipeline from Hardisty, Alberta to Steele City, Nebraska. According to a letter from the U.S. State Department to the Native American tribes, “TransCanada Corp plans to […]
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