Last week the U.S. Energy Information Administration (EIA) released its Annual Energy Outlook 2015 (AEO2015). The report presents updated projections for U.S. energy markets through 2040 based on six cases, defined as follows: Reference — Real gross domestic product (GDP) grows at an average annual rate of 2.4% from 2013 to 2040. North Sea Brent crude oil prices rise to $141/barrel (bbl) (2013 dollars) in 2040. Low Economic Growth — Real GDP grows at an average annual rate of 1.8%… Continue»
This week Robert Rapier explains the reasons behind the current crude oil price surge.
Nissan recently released the results of a five year study that found 99.99 percent of its battery packs are still operating as warrantied