News Oil 

Import prices jump 0.6% in February, entirely on oil

“Most import prices barely moved, offering more evidence that inflationary pressures in the U.S. are bottled up The import price index climbed 0.6% last month, the government said Thursday” writes Jeffry Bartash for marketwatch.com. If fuel is excluded, however, import prices were unchanged.The numbers: The cost of imported goods shot up in February by the largest amount in nine months, but the increase stemmed entirely from higher fuel prices.The main driver: A 5% increase in the cost of fuel such as oil and natural gas.Earlier this week a pair of…

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New fuel cell could help fix the renewable energy storage problem

“They both focused on making improvements to the air electrode, because the nickel-based fuel electrode did a good enough job” writes Robert F for sciencemag.org. Another option is to store the energy by converting it into hydrogen fuel.When both teams run their setups in reverse, the fuel electrode splits H molecules into protons and electrons.Their ceramic alloy electrode, made up of five elements, harnesses as much as 98% of the energy it’s fed to split water. Source: sciencemag.org

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‘This will end poorly’: JPMorgan execs warn of an imminent reckoning as the market’s biggest investors plow into another credit bubble

“Any credit downturn could exacerbate a financial crisis, he cautioned” writes Meghan Morris for businessinsider.com. Compared to the traditional banking sector, “shadow banks, they do things differently,” Dimon said.Institutional investors, such as pension funds, endowments, and foundations, have stepped up to fund those non-bank groups. Source: businessinsider.com

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How Not to Fuel Anti-Semitism When Discussing Israel

“She is criticizing them all for pressuring politicians to put the special interest ahead of the public interest” reports realclearpolitics.com. Should critics of special interest groups and donors be held responsible for the violent actions of a few militant extremists?. The narrative that well-financed donors and special interest lobbies are what thwart the public will is deeply embedded in our discourse. Source: realclearpolitics.com

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France is delaying the rollout of a new climate change law after lawmakers were criticized for drafting a watered-down and vague bill that lacked any real ability to enforce reductions in greenhouse gas emissions.

“But now critics say the new law to be presented to Macron’s Cabinet on Monday went too far to soften its climate policies” reports washingtonexaminer.com. France is delaying the rollout of a new climate change law after lawmakers were criticized for drafting a watered-down and vague bill that lacked any real ability to enforce reductions in greenhouse gas emissions.French parliamentary leaders will begin discussing a bill that acts more aggressively in making cuts to fossil fuel use, with the goal of becoming “carbon neutral” by 2050.The delay is expected to…

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Tesla dropped fuel savings from Model 3 price after a German industry group said they were misleading

“FRANKFURT (Reuters) – Electric carmaker Tesla has committed to stop using fuel savings estimates to advertise its Model 3 online, a German industry association set up to prevent unfair competition practices said on Wednesday” writes Christoph Steitz for businessinsider.com. The Wettbewerbszentrale independent body, formed by German industry to ensure companies compete fairly, said the U.S. carmaker had been using random and non-transparent fuel savings estimates and that it must drop the practice by March 20.”Even if ‘savings’ could be realized, such an amount cannot be deducted from the purchase price…

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News Oil 

Unlikely twins and differing fortunes: Malaysia’s Petronas & Indonesia’s Pertamina

“Among other customers, it will sell fuel to Indonesia, shining a spotlight on the contrast between Petronas and its Indonesian peer Pertamina” writes Midwest Communications Inc for 95kqds.com. Oil and gas reserves are estimated at 7.8 billion barrels of oil equivalent for Petronas and at 5 billion for Pertamina by Wood Mackenzie. Source: 95kqds.com

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White House pressures automakers on fuel rules, blocking California: sources

“Last month, the White House said it had ended talks with California aimed at trying to reach a consensus on fuel efficiency requirements” writes Midwest Communications Inc for 95kqds.com. At least one automaker at the meeting urged the White House to reopen talks with California, but administration officials said they did not plan to do so.Last Friday, White House officials met with senior lobbyists from General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV and urged them to back the Trump administration’s effort.WASHINGTON (Reuters) – The White House…

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Tesla to drop fuel savings ad for Model 3: German industry association

“FRANKFURT (Reuters) – Electric carmaker Tesla has committed to stop using fuel savings estimates to advertise its Model 3 online, a German industry association set up to prevent unfair competition practices said on Wednesday” writes Midwest Communications Inc for 95kqds.com. The Wettbewerbszentrale independent body, formed by German industry to ensure companies compete fairly, said the U.S. carmaker had been using random and non-transparent fuel savings estimates and that it must drop the practice by March 20.Tesla had displayed the 56,380 euro ($63,811) original price for the Model 3 online as…

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