Video above published September 14, 2017: An energy conglomerate and solar cell maker in China is seeking opportunities in electric vehicles (EV) eight months after announcing plans to make batteries for zero-emission cars. In this Bloomberg.com interview, Golden Concord Group President Kou Bingen says the company plans to team up with a car maker in China to join the EV market.
The Way Humans Get Electricity Is About to Change Forever
Video above published Sep 13, 2017: The age of batteries is just getting started. In the latest episode of our animated series, Sooner Than You Think, Bloomberg,com’s Tom Randall does the math on when solar plus batteries might start wiping fossil fuels off the grid. See also: US Celebrates Record 29% Drop In Utility-Scale Solar Costs — But Tariff Cloud Looms | cleantechnica.com.
US shale oil and gas investors are on a 'road to ruin,' warned renowned short-seller Jim Chanos, saying Wall Street is overly focused on certain valuation metrics, which hide problems with the fundamental business model in the American oil patch. Investors are taking for granted accounting methods that will create problems for drillers in the future, Chanos said.--cnbc.com. See also Jim Chanos: ‘We are short’ Continental Resources | cnbc.com 12 Sep 2017: "People have been looking at the [shale] industry with rose colored glasses. This is a problem with the North American shale business," Chanos said at the Delivering Alpha Conference in New York last week.
No More Free Lunch Is the Big Change Under Way in the Oil Market | Bloomberg.com Oct 9, 2017: Investors "funded loss-making energy producers and explorers through a generous mix of loans, bonds and equity. That may be changing ..."
Continental Resources, Inc. (NYSE: CLR) is an American oil and natural gas exploration and production company based in Oklahoma City.
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