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Increase in US rig count will not cap oil prices

Green Car Congress

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

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Soon an Electric Vehicle Will Cost Less Than An IC Engine Vehicle !!!

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In this article, we will be discussing the factors contributing to the price reduction of electric vehicles as mentioned in the study conducted by BloombergNEF along with a few general aspects on the topic. A rise in oil price and tax on crude products also might play a significant role in countries without oil reserves.

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Tesla Announces IPO

Revenge of the Electric Car

From the article: “California electric car maker Tesla Motors Inc. The price of shares or the timing of their availability is still unclear, but industry observers expect the much-anticipated offering to be well-received by investors.&#. Here’s the full text of the entire article, in case the link goes bad: [link].

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Opinion: Political Climate Shifting Against The Oil And Gas Industry

Green Car Congress

Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. But the political and financial winds are moving in the wrong direction for the industry, raising more “above ground” problems at a time that they can ill-afford it. Article Source: [link].

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