As Volkswagen looks to resurrect the Scout brand in the United States, CEO Herbert Diess has shed light on the decision, saying it represents an opportunity for the German auto giant to “become much more American.” VW announced plans to re-launch the Scout as a fully-electric pick-up and “rugged” SUV last Wednesday, with prototypes due…
Tag: Energy
The Big Read: As households face soaring electricity prices, being eco-friendly can be wallet-friendly too
“The recovery from COVID-19 has increased demand for oil, such as for use by industries, commercial and transport, so the price of oil increased,” said Assoc Prof Chang. “The Ukraine-Russia war affected production and supply of oil (so) it also increased oil prices … As long as the war continues, the price is expected to…
Bombarded at home, Ukraine finds symbolic win at Eurovision – POLITICO
TURIN, Italy — While in the third month of fighting Russia’s invasion at home, Ukraine came out victorious at Europe’s musical competition Eurovision. Swept along on a wave of solidarity, the Ukrainian band Kalush Orchestra racked up a record popular vote after performing a catchy folk-rap tune and sending an emotional plea for the bombarded…
Oil giant Aramco reports record first quarter as oil prices soar
Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO. The Saudi Arabian behemoth said net income rose 82% to…
Texans asked to conserve power as 100-degree heat hits some regions
Sign up for The Brief, our daily newsletter that keeps readers up to speed on the most essential Texas news. After six power plants went down unexpectedly Friday — and with hot weather expected across Texas this weekend — the Electric Reliability Council of Texas on Friday evening is asking consumers to conserve electricity through…
Gas prices hit record high, analysts say ‘get used’ to it
The ongoing pain at the pump for Americans is getting even more brutal Friday — as gas prices reached a new record high. The national average for a gallon of regular increased to $4,432, according to AAA figures. That eclipses the previous all-time high set in mid-March when filling up tanks set drivers back an…
MIT’s ‘Sun-in-a-Box’ Uses Light as an Efficient Form of Energy
The thermophotovoltaic cell, also called a “heat engine,” is 1 square centimeter, but the research team behind it are looking to scale up. photo: Happy Frankel Researchers at MIT have built a highly efficient thermophotovoltaic cell that, when paired with renewable resources, efficiently converts incoming photons—particles of light—to electricity. It’s an achievement that could inspire…
American household debt continues to march higher, driven by one major factor and should you tell your coworkers your salary — or keep it a secret?
Hi, MarketWatchers. Don’t miss these top stories. The 10 most popular cities that Americans moved to last year — and four are in this one state Here’s a hint: No New York or California cities made the Penske list of ’10 Moving Destinations for 2021,’ but plenty of Southern cities did. Read More ‘Open discussion…
6 questions to ask your financial adviser right now as stocks continue to tumble and viral baby-formula thread shows why moms can’t just breastfeed their way out of a shortage
Hi, MarketWatchers. Don’t miss these top stories. Alexander Skarsgard Selling His Place in NYC for $2.6M “The Northman” star Alexander Skarsgard is placing his East Village apartment on the market for $2.6 million, according to Architectural Digest. Read More Could we ever really get a 4-day work week in the US? Almost 80% of employees…