News Oil 

Oil executives are panicking over the threat of electric cars

“Refiners and oil executives are beginning to look at the threat that electric cars pose to the future of diesel and gasoline as the vehicles gain staying power” writes John Siciliano for businessinsider.com. Electric cars are one way to get to that goal by relying on electricity instead of oil for fuel.He believes that most news outlets miss the significance of the electric car on refiners and oil producers.While the oil giant expects fuel-efficiency regulations and the growth of electric cars to push down oil demand significantly by 2035, BP…

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Crypto Markets News 

Litecoin Price Surges by 10% Again to $300 as Demand Skyrockets

“Over the past 24 hours, the Litecoin price has surged by nearly 10 percent, increasing from below $270 to $300” writes unknown author for cryptocoinsnews.com. At the time of reporting, the price of Litecoin remains above $300. “I would be happy if Litecoin stays at around $300 by the end of next year.The statement of Lee came after the price of Litecoin increased by nearly five-fold since November.On CNBC’s Squawk Box, Litecoin creator and former Coinbase executive Charlie Lee stated that he would be satisfied if the price of Litecoin…

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News 

The auto industry may take longer than expected to recover after Hurricane Harvey

“Compared to 2015, before the oil bust collided with the auto industry head-on, November 2017 sales were up 25%!” writes Wolf Richter for businessinsider.com. And in 2018, replacement demand will peter out after the first few months, and auto sales will be left to their own devices.Much of this replacement demand would occur over the remaining months in 2017 and early 2018. Source: businessinsider.com Share This:

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GBP News 

Employees demand AI worker robots pay TAX…

“The poll of 1,000 people also showed 57% of workers think these robots should be taxed in some form” writes Rachel O’donoghue for dailystar.co.uk. A recent survey reveals a third of all workers believe automatons will be doing their job within the next 15 years.Ed Molyneux, the CEO of cloud accounting firm FreeAgent, which carried out the survey, said the research shows the majority of people think the future of the workplace involves robots.He explained: “There is also a clear desire among British workers to ensure that things are fair,…

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News 

Holiday shopping demand puts pressure on retailers, delivery services

“The pressure to deliver for online shoppers is on, as delivery services and retailers alike deal with record levels of e-commerce activity” reports foxbusiness.com. Delivery services are dealing with unprecedented demand this holiday season.Walmart says it expects demand for in-store pickup of online orders to double during the final two weeks of the holiday season.Government data shows U.S. consumers went on a shopping binge last month as the holiday season began, with big increases among online retailers, electronics stores and furniture stores. Source: foxbusiness.com Share This:

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Crypto Markets News 

Bitcoin Trading Thrives Wherever Regulators Crack Down Most

“Bitcoin trading expanded faster this year in emerging markets than developed ones — and quickest of all in places where authorities tried to crack down” writes unknown author for bloomberg.com. Cryptocurrencies don’t rely on central banks or financial institutions and are traded on online exchanges and transferred anywhere in the world, allowing holders to skirt currency controls.While not all central banks in emerging markets addressed cryptocurrency markets with regulations, several have issued warnings.Bitcoin’s creators also set a limit to the amount of currency that could be created to avoid the…

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Crypto News 

Mt Gox Creditors File Petition to Demand Recovery Payments in BItcoin

“Mt Gox creditors have filed a petition in Tokyo to begin a civil rehabilitation process to collect payments in bitcoin” writes unknown author for cryptocoinsnews.com. The Tokyo District Court will consider the creditors’ petition and is expected to make a decision in early 2018.Under current proceedings, Mt Gox is expected to have a surplus of over 200 billion yen ($1.764 billion) after payments to its creditors – in fiat yen.Creditors of Mt Gox have filed a petition with the Tokyo District Court seeking to halt bankruptcy proceedings and switch over…

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GBP News 

MPs demand close cooperation with Euratom after Brexit

“Britain should retain as a close as possible a relationship with the European civil nuclear regulator after Brexit, a Commons committee has demanded ahead of a crucial vote on the issue” writes Ashley Cowburn for independent.co.uk. The MPs called for an extended transitional period for civil nuclear, or the continuation of Euratom support, to ensure standards are maintained and the risks to trade and transport of materials are reduced. Prospect is calling for calling guarantees on nuclear safety, research and collaboration and funding.”.  Source: independent.co.uk Share This:

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News 

Goldman Sachs predicts bumper returns for commodities next year

“Therefore, a positive roll yield in oil will bring returns of around 15 percent next year, Goldman analysts said” writes Krisztian Bocsi for cnbc.com. Goldman Sachs is expecting the commodities sector to generate returns of almost 10 percent next year, more than other assets over the long run.Robust demand growth for raw materials worldwide should underpin the case for investors to own them, Goldman said in a research note published Monday.Unlike equities, which discount future growth, commodities rise as the current levels of demand offset the amount of available supply,…

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