Tesla could represent a future where our energy mix will be shuffled up. Not only will we be driving electric cars but also natural gas. We will have a choice at the pump and not just premium or regular.
The oil bulls that have controlled oil for the month of July are in trouble. With near record long positions in both Brent and WTI crude and chart formations that are looking ominous they need the Fed to justify their bullishness.
As we get ready to say goodbye and good riddance to 2012, we are also saying goodbye to oil’s historic run. Unless oil make a last minute run it appear that West Texas Intermediate oil could have its first losing year since the meltdown in 2008
TransCanada Corp.’s Keystone XL oil pipeline would be approved under a Republican plan being considered in the U.S. Senate, while a Democratic proposal would bar export of Canadian crude transported through the line.