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Research points out to driverless car issues

Research points out to driverless car issues

A new study done by the University of Michigan researchers has come to a rather unexpected conclusion: autonomous cars might end up consuming more energy than traditional cars that have a driver. According to the research, the driverless cars could end up reversing the years-long trend of declining fuel consumption […]

Report sees electric cars deeply hurt by oil price slump

Report sees electric cars deeply hurt by oil price slump

According to the latest study on the renewable energy industry, electric cars are likely to suffer most of the effects stemming from the continued slump in global oil prices. The report also forecast a more limited impact on other attached businesses, such as wind-and solar-power companies. Since the end of […]

Iran may send Oil to $200, it may close the Hormuz Strait

Iran may send Oil to $200, it may close the Hormuz Strait

Oil rose the most in almost four weeks on reports that Iran was set to begin war games in the Strait of Hormuz , one of the world’s most strategically important chokepoints, which represents about 40% of the world’s seaborne oil shipments. Just 34 miles wide, thirteen tankers carrying 15.5 […]