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Elon Musk Unveils $30,000 Tesla Cybercab with 2026 Production, but Details Lacking

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

Bloomberg News Elon Musk Showcases Tesla’s Autonomous ‘Robocab’ and ‘Robovan’ as Company Pivots to Robotics Elon Musk’s unveiling of self-driving taxi prototypes let down some Tesla Inc. investors, with many expecting more particulars on how the carmaker can possibly pull off his latest robocar predictions. Tesla might currently be riding the failures of the Cybertruck, but the company’s …

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Oil Falls Over 2% as China Demand Woes Erase Last Week’s Gains

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Brent, WTI decline more than 2% China oil imports fall from a year ago for a fifth month in September China flags more fiscal stimulus, leaves out key details on size US to send anti-missile system and troops to Israel, markets remain on edge (Reuters) – Oil prices declined over 2% on Monday, wiping …

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US court Puts on Hold Permits for Kinder Morgan Unit to Build Tennessee Pipeline

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines, US News / By

(Reuters) – A U.S. appeals court on Friday put on hold approvals and permits necessary to allow a Kinder Morgan  subsidiary to construct a 32-mile gas pipeline in Tennessee, at the urging of environmental groups. The proposed Cumberland Project, set to be constructed by Kinder Morgan’s Tennessee Gas Pipeline, could transport about 245,000 dekatherms per day …

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US Expands Sanctions to Iran’s ‘Ghost Fleet’ of Oil Tankers

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(Reuters) – The United States expanded sanctions against Iran’s petroleum and petrochemical sectors on Friday in response to an Iranian missile attack on Israel, the administration of President Joe Biden said. The U.S. move adds petroleum and petrochemicals to an executive order that targets key sectors of Iran’s economy with the aim of denying the government …

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Oil Settles Down on Florida Fuel Demand Worries, Mideast Risk Drives Weekly Gains

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Companies Both benchmarks settle up 1% on the week Investors consider Israel’s response to Iran’s attack last week Hurricane aftermath to weigh on Florida fuel demand Libyan oil production restored to pre-central bank crisis levels HOUSTON, Oct 11 (Reuters) – Oil prices settled lower on Friday but rose for the second straight week as …

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Petrochemical Plant Wins US Loan Despite Biden Climate Vow

Conventional Energy, Latest, Natural Gas, Oil, US News / By

Malaysia project secures $690 million Export-Import Bank loan Biden issued order to curb funding for fossil fuel projects The US Export-Import Bank authorized a $690 million loan to help help build a petrochemical plant in Malaysia, despite objections from climate activists who say the project flouts Biden-Harris administration promises to halt financing for fossil fuel projects abroad. The loan approved …

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US Expands Sanctions on Iran Oil Sector Over Israel Attack

Conventional Energy, Latest, Oil, US News / By

Move comes with Israeli retaliation expected at any time Order relies on Trump-era push to choke off Iran’s economy The US broadened the scope of its sanctions on Iran’s oil and gas sectors in response to a ballistic-missile attack on Israel, ramping up economic pressure on Tehran ahead of Israeli retaliation that’s expected any day. …

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Drilling Activity in US Rockies, Midwest Fell for Seventh Quarter in a Row, Kansas Fed Says

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(Reuters) – Oil and gas activity in the U.S. Midwest and Rockies declined during in the third quarter, marking its seventh consecutive quarterly drop, according to survey results released on Friday by Federal Reserve Bank of Kansas City. The survey, conducted in mid-September, covers companies drilling in Kansas, Colorado, Nebraska, Oklahoma and the northern half …

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US Drillers Add Oil and Gas Rigs for First Time in Four Weeks, Baker Hughes Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by one to 586 in the week to Oct. …

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Double-Punch Storms Thrust Climate Into the US Presidential Race

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, US News / By

The strikes by Hurricanes Helene and Milton have made dealing with climate disasters a major issue in the contest’s final weeks. Back-to-back, catastrophic strikes by Helene and Milton in the southeastern US are reshaping the presidential race, putting climate disasters front and center in the final stretch of Vice President Kamala Harris and former President …

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