November 17, 2016

Wired.com: “Since 2012, Tesla has invited its customers to plug in to chargers that add 200 to 300 miles of range per hour. Good enough to top up a depleted battery in about 30 minutes, while a driver has a bathroom break and a bite to eat. They approach the convenience of pumping gas into a conventional car, and they’re free for life. Not any more: Starting next year, new Tesla buyers hoping to plug in will have to pony up. But this isn’t Tesla giving up on its promises or Elon turning Ebenezer. This is Tesla growing up—along with the American electric vehicle industry.”

November 01, 2016

AP: “Two of Europe's largest energy companies said Tuesday that low oil prices weighed on underlying earnings once again in the third quarter and predicted that the price backdrop won't be returning to the heights seen as recently as 2014 anytime soon. BP reported that its profit before one-time items and after adjusting for the cost of inventories fell 48 percent to $933 million. Rival Royal Dutch Shell did report an 18 percent increase in comparable earnings to $2.79 billion but that was largely due to production stemming from its recent acquisition of BG Group.”

November 17, 2016

CNBC: “Drillers see the glass as half empty, while their lenders believe it's half full ahead of the latest round of stress tests for energy companies looking to tap debt and keep pumping. Borrowers in the oil patch expect to see their borrowing ability slashed more than actual lending institutions do, a new survey from law firm Haynes and Boone indicates. The report comes ahead of the twice-a-year review during which lenders size up oil and gas customers' reserves so they can judge whether they're valuable enough to justify drillers' credit lines.”