T. Boone Pickens: Oil Prices Have Hit Bottom
Billionaire oil man and investor T. Boone Pickens predicted on CNBC's "Squawk Box" that oil prices will rise to at least $52 per barrel by the end of the year. Pickens also discusses the long-term impact of low oil prices on OPEC and Russia, the likelihood of a rapid rebound in shale, and the current dynamics in oil inventories.
Video: From the Model T to the Bolt, the Evolution of Vehicle Technology
Every year and at nearly every car show, automakers unveil new amazing new technology that is supposed to revolutionize driving. Automobile crashes cost the American economy nearly $875 billion each year, and with low gas prices, it's expected Americans will be driving more miles. At the Washington auto show, policy makers and experts discussed how new technology, especially fully automated cars, will continue to move the industry forward.
Video: Berlin and the Future of Transportation
There are fewer cars in Berlin today than ten years ago, even as the city's population has increased by over 500,000 people. More car sharing and expanded public transport are just two ways that the city is reducing traffic and vehicle ownership. Self-driving vehicles may be the next stage of this shift.
Toyota Promotes Hydrogen Future While Suspending Mirai Sales in California
At the Washington Auto Show, automakers are promoting hydrogen fuel cell vehicles as the future. But simultaneously, Toyota has temporarily halted the sales of its new Mirai fuel cell vehicle in California, because of lack of fueling infrastructure.
Video: European Energy Firms Prepare for Return to Iran
Despite the continued oversupply in oil markets, and the risk of snapback sanctions, European energy companies are still expressing high interest in returning to Iran's oil and gas reserves.
Video: The End of PetroCaribe
Venezuela gives away roughly one quarter of its oil export revenues, in the form of discounted oil to its regional allies like Cuba. Although Venezuelan officials have promised repeatedly that the country would never end the PetroCaribe program, changing political conditions and low oil prices are shifting the calculus, with sweeping implications for the region.
API: Fossil Fuels to Remain Critical Source of Supply for US Consumers
The head of the API discusses the importance of fossil fuels at the organization's 2016 State of American Energy.
Video: In Wake of Dieselgate Scandal, VW Customers Turn to Electric Vehicles
Consumers have lost confidence in what was supposed to be a groundbreaking automotive technology: Clean diesel promised a highly fuel-efficient vehicle with low levels of pollution. Now that the VW's cheating on emissions tests have been revealed, angry customers are turning to electric vehicles to meet their needs.
Video: Quantitative Trading and Oil Price Volatility
Oil price volatility is way up, attracting attention from technical and quantitative traders. But what's the impact on oil prices?
Video: In Nigeria, Low Oil Prices Spur Efforts to Fight Waste and Corruption
Nigeria depends on oil exports for more than 60 percent of state revenue and more than 90 percent of export earnings. But with petroleum trading around $40 a barrel, plummeting oil prices have crippled public finances.
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