Bad weather that is reducing crops yields, increasing global demand and a greater push for bio-fuels are all playing havoc with corn prices, which affect costs throughout the economy.
Continue reading Shrinking…
Occidental Petroleum (OXY) has promoted Chief Operating Officer Stephen Chazen to the position of CEO, effective next May.
Chazen will replace Ray Irani, who will continue as full-time executive chairman, the company said in a statement.
“Steve is a proven leader who has been an integral member of the senior management team for many years, and I am confident that he will continue…
Continue reading Occidental Petroleum Names Stephen Chazen as CEO
Occidental Petroleum Names Stephen Chazen as CEO originally appeared on DailyFinance on Thu, 14 Oct 2010 09:03:00.
Filed Under: Energy, Company News, Technology, People, Green
Tesla Motors has signed a $60 million contract with Toyota Motor to develop an all-electric version of the popular RAV4 compact sports-utility vehicle, Tesla said Wednesday.
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The government will raise the limit on ethanol concentration in gasoline for some cars.
The Environmental Protection Agency will raise the limit to as much as 15%, from the current 10%, for vehicles made in 2007 or later, Bloomberg News said without naming its sources.
Ethanol producers have been pushing for a higher limit, while a coalition of groups including automakers,…
Continue reading EPA to Raise Limit on Ethanol Concentration in Gasoline
EPA to Raise Limit on Ethanol Concentration in Gasoline originally appeared on DailyFinance on Wed, 13 Oct 2010 08:43:00.
Filed Under: Energy, Company News, Technology, Green, Taxes, Autos
World demand for oil will increase in the final months of 2010, but will be lower than expected in 2011, The International Energy Agency said.
The IEA cut its forecast for 2011 demand to 1.21 million barrels per day, from 1.27 million bpd, Reuters reported. The agency also increased its estimate for 2010 by 260,00 bpd, citing factors such as heating oil restocking.
“The market…
Continue reading World Oil Demand Will Be Lower Than Expected in 2011
World Oil Demand Will Be Lower Than Expected in 2011 originally appeared on DailyFinance on Wed, 13 Oct 2010 08:30:00.