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How EV Adoption Will Impact Oil Consumption (2015-2025P)

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The EV Impact on Oil Consumption

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As the world moves towards the electrification of the transportation sector, demand for oil will be replaced by demand for electricity.

Germany Forced To Pay Consumers To Use More Electricity

Germany Forced To Pay Consumers To Use More Electricity

A stormy weekend led to free electricity in Germany, as Bloomberg reports wind generation reached a record, forcing power producers to pay customers the most since Christmas 2012 to use electricity.

Power prices turned negative as wind output reached 39,409 megawatts on Saturday, equivalent to the output of about 40 nuclear reactors.

 To keep the grid supply and demand in balance, negative prices encourage producers to either shut power stations or else pay consumers to take the extra electricity off the network.

"God Is All I Have" - One Month In, Puerto Ricans Fight For Survival Amid Sluggish Recovery

"God Is All I Have" - One Month In, Puerto Ricans Fight For Survival Amid Sluggish Recovery

A day after President Donald Trump gave his administration’s Puerto Rico response a “10 out of 10” during a White House meeting with the island’s Gov. Riccardo Rossello, a handful of media outlets are reporting that, one month after Maria first made landfall in southeastern Puerto Rico, many villages still don’t have access to electricity, clean water or - in more than a few cases - the outside world.

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