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A Relic of California’s Oil Past Haunts State With Sea Spill

A Relic of California’s Oil Past Haunts State With Sea Spill
Written by James Dinkens on 2015-05-29


A pipeline the oil market had all but forgotten resurfaced like a painful memory last week, spilling 500 barrels of heavy oil into the Pacific Ocean.Line 901. A quarter century ago, it was a pipeline full of promise. Today, it’s full of -- not much, really. Before it leaked on May 19, pouring viscous crude into the waters off California’s coast, the 24-inch line was schlepping 28,800 barrels...(Read More)

Your Home Doesn

Your Home Doesn't Matter for Tesla's Dream of a Battery-Powered Planet
Written by James Dinkens on 2015-05-22


Elon Musk has done something remarkable. He built a 220-pound battery to hang on the garage wall and convinced a huge number of people that owning one is a lifestyle choice—like having a compost bin in the garden and reusable diapers on the baby. His battery is personal, and it's going to change the world with your help.If only it were so. While the pairing of home batteries with solar power makes...(Read More)

Can Tesla

Can Tesla's Battery Hit $1 Billion Faster Than the iPhone?
Written by James Dinkens on 2015-05-17


Tesla’s new line of big, stackable batteries for homes and businesses started with a bang. The reservations reported in the first week are valued at roughly $800 million, according to numbers crunched by Bloomberg. If Tesla converts even a fraction of those reservations into actual sales, the battery roll-out could measure up as one of the biggest ever for a new product category.The chart...(Read More)

Can Tesla

Can Tesla's Battery Hit $1 Billion Faster Than the iPhone?
Written by James Dinkens on 2015-05-13


Tesla’s new line of big, stackable batteries for homes and businesses started with a bang. The reservations reported in the first week are valued at roughly $800 million, according to numbers crunched by Bloomberg. If Tesla converts even a fraction of those reservations into actual sales, the battery roll-out could measure up as one of the biggest ever for a new product category.The chart...(Read More)

It

It's Elon Musk Bingo Night—Finally Time for That Volcano Lair
Written by James Dinkens on 2015-05-03


It's Elon Musk bingo night. The Tesla founder is set to release a new kind of electricity storage battery at 8 p.m. California time (11 p.m. New York time). Details are murky, and there's lots of room for an Elon Musk surprise.  That means it's a perfect time for an adult beverage and another rousing game of what-comes-next. Tonight's bingo cards are brought to you courtesy of Trevor Page,...(Read More)

These Titans of Oil Are Experts at Making Bold Predictions*

These Titans of Oil Are Experts at Making Bold Predictions*
Written by James Dinkens on 2015-04-29


Nobody saw it coming.Oil prices had been sliding, but on Oct. 1, the future still looked bright. For the next three months, oil would average $97 a barrel, according to a Bloomberg survey of 36 analysts. The first quarter of 2015 would be even better. The most pessimistic among them called for $91 a barrel. Ha. We all know what happened next. The free-fall in oil prices...(Read More)

Musk Receives $102 Million in Options in 2014, Skips Salary

Musk Receives $102 Million in Options in 2014, Skips Salary
Written by James Dinkens on 2015-04-23


Many news outlets are reporting today that Elon Musk, the billionaire founder of Tesla Motors Inc., was paid a minimum wage of $35,360 in 2014. The real number is closer to $100 million.Tesla granted Musk 5.27 million options valued at $78.1 million in 2012 that were intended to compensate him for 10 years, according to a filing at the time. Last year, 527,490 of those options vested and had a value...(Read More)

The BP Oil Spill Cleanup Isn’t a Disaster

The BP Oil Spill Cleanup Isn’t a Disaster
Written by James Dinkens on 2015-04-19


In early March a 30,000-pound mat of oily gunk washed up on East Grand Terre, a barrier island in the mouth of Louisiana’s Barataria Bay. It was an ugly reminder of the blowout at BP’s Macondo well, a disaster that spewed millions of barrels of crude into the Gulf of Mexico starting on April 20, 2010. As BP crews collected the muck, the company issued a five-year report, Environmental Recovery...(Read More)

California

California's New Era of Heat Destroys All Previous Records
Written by James Dinkens on 2015-04-13


The California heat of the past 12 months is like nothing ever seen in records going back to 1895. The 12 months before that were similarly without precedent. And the 12 months before that? A freakishly hot year, too. What's happening in California right now is shattering modern temperature measurements—as well as tree-ring records that stretch back...(Read More)





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