Wood Mackenzie (WoodMac), a global energy, chemicals, renewables, metals and mining researching and consulting firm, states companies need to raise investment into new production by 20%. Oil and gas companies need to increase annual investment before a supply demand in 2025. The investment could reach about $600 billion to ensure companies sustain production and growth for impending demand.
One third of all food produced around the world gets discarded uneaten, and environmentalists, energy analysts and entrepreneurs are beginning to take notice. With the untapped potential for generating energy, researchers have begun to notice food waste as a way of powering vehicles. Waste-to-energy (WTE) is quickly becoming one of the fastest growing segments of the energy sector. Navigant Research, which produced the 2012 report “Waste-to-Energy Technology Markets, which analyzes the global market opportunity for WTE, expects waste-to-energy to grow from its current market size of $6.2 billion to $29.2 billion by 2022."
Back in November of 2017, Elon Musk unveiled an all-electric battery-powered Class 8 semi-trailer truck prototype. Musk provided specifics of two versions, regular production of 300 and 500 mile ranges. Just last week, the prototype traveled by itself. The Semi has been traveling thousands of miles using the existing Supercharger network. The only necessary help is an extension cord that is needed to plug the truck in when time to charge the vehicle. With the announcement of the prototype, Tesla also announced an ultra high-powered “Megacharger” that will be capable of replenishing 400 miles of range in as little as 30 minutes. .
Early in 2018, United States crude oil production was around 9.492 million barrels per day. Since that time, U.S. crude output has remained above the 10 million barrel a day mark and currently stands around 10.7 million over the last month. The rapid increase in U.S. production is due to the thriving shale industry. However, there are some concerns over the Permian Basin, the United States largest shale region, with limited pipeline transportation.
FedEx, DHL, U.S. Postal Service and UPS have some new competition for last-mile delivery service. Amazon announced last Thursday that they are launching a new Delivery Service Partners program. Designed to let entrepreneur run their own fleet of Amazon vans with the Prime logo. Each delivery van will start at one of the 75 current Amazon stations throughout the United States.