** A fire broke out at a parking lot at Rivian Automotive’s manufacturing facility in Normal, Illinois late on Saturday damaging many of its electric vehicles, the U.S. startup said on Sunday.
** The car industry is backing away from rolling out electric vehicles in favor of hybrid options, indicating more defeats to the Biden-Harris administration’s efforts to force EV sales on American buyers.
** Sen. Lindsey Graham, R-S.C., recommended that Israel threaten to “blow up” Iran’s oil refineries if the remaining hostages taken by Hamas during the Oct. 7 terrorist attack are not released soon.
** Exxon Mobil Corp. forecasts global oil demand in 2050 will be the same — or even slightly higher — than current levels, putting efforts to reach net zero carbon emissions by mid-century well out of reach. Oil demand will remain above 100 million barrels a day through 2050, driven by growth in industrial uses such as plastic production and heavy-duty transportation, Exxon said Monday in its annual Global Outlook. About WordPress
World
** A ship carrying crude oil that caught fire after being attacked in the Red Sea could lead to a severe ecological disaster, the European Union’s naval force in the region said Saturday.
** Canada’s government on Monday announced it is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches U.S. tariffs and follows similar plans announced by the European Commission. The announcement came after encouragement by U.S. national security advisor Jake Sullivan during a meeting with Canadian Prime Minister Justin Trudeau and cabinet ministers on Sunday. Sullivan is making his first visit to Beijing on Tuesday.
** Whirring wind turbines in India’s Thar desert supply critical green energy for the world’s most populous nation, but those living in their shadows say it comes at their expense. But farmers complain bitterly that the turbines were built on community grazing land. Milk production has also slumped.
** A sanctioned liquefied natural gas tanker appears to be transferring its Russian cargo to another ship in the Mediterranean Sea, a sign of the lengths to which Moscow is going to circumvent US actions.
** Coast guard officers in Trinidad and Tobago fired on intruders who attempted to board the wreck of a mysterious oil tanker that capsized off the Caribbean country months ago, its energy ministry said Saturday. The ship, named the Gulfstream and sailing under an unidentified flag, had spilled 50,000 barrels of oil near Tobago’s southern coast when it capsized in February and was found abandoned.
** Oil prices rose nearly 3% on Monday as supply concerns sharpened on reports of escalating conflict in the Middle East as well as production cuts in Libya.
