 |
Louisiana Light • 2 days | 73.02 | -0.64 | -0.87% | ||
|
Bonny Light • 31 days | 78.62 | -2.30 | -2.84% | ||
|
Opec Basket • 2 days | 73.65 | +0.08 | +0.11% | ||
|
Mars US • 321 days | 75.54 | -1.36 | -1.77% | ||
|
Gasoline • 14 mins | 2.054 | -0.006 | -0.31% |
|
Bonny Light • 31 days | 78.62 | -2.30 | -2.84% | ||
|
Girassol • 31 days | 79.56 | -1.80 | -2.21% | ||
|
Opec Basket • 2 days | 73.65 | +0.08 | +0.11% |
|
Peace Sour • 10 hours | 66.88 | -0.08 | -0.12% | ||
|
Light Sour Blend • 10 hours | 66.13 | -0.08 | -0.12% | ||
|
Syncrude Sweet Premium • 10 hours | 70.88 | -0.08 | -0.11% | ||
|
Central Alberta • 10 hours | 67.88 | -0.08 | -0.12% |
|
Eagle Ford • 2 days | 67.39 | -0.28 | -0.41% | ||
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Oklahoma Sweet • 2 days | 67.50 | -0.25 | -0.37% | ||
|
Kansas Common • 3 days | 58.02 | +1.10 | +1.93% | ||
|
Buena Vista • 3 days | 77.67 | +1.10 | +1.44% |
Breaking News:
Oil Prices Poised for Weekly Gain
Oil prices are set to…
New Production To Help Gulf of Mexico Oil Output Avoid Dip
Production from new fields in…
Musk Says Tesla Could Bring Puerto Rico’s Power Back Online
Puerto Rico governor Ricardo Rossello will engage in a dialogue with Tesla visionary and CEO Elon Musk about the possibility of Tesla bringing Puerto Rico’s power grid back to functionality after sustaining severe damage from Hurricane Maria.
Musk’s extended his offer via Twitter on Thursday.
The Tesla team has done this for many smaller islands around the world, but there is no scalability limit, so it can be done for Puerto Rico too. Such a decision would be in the hands of the PR govt, PUC, any commercial stakeholders and, most importantly, the people of PR.
— Elon Musk (@elonmusk) October 5, 2017
Rossello responded on Friday. “Let’s talk,” the Twitter response read, further spurring Musk on with the notion that PR could “be that flagship product” that would allow Tesla to show the world the power and scalability of TeslaTechnologies.
In late September, Hurricane Maria devastated Puerto Rico leaving most of the island powerless under an already pressured economy.
Musk’s energy technologies have been breaking into large utilities markets in recent weeks. Tesla is expanding its reach in the battery industry by signing a new contract with the South Australian government to build the biggest battery in the world after a power outage sank the state into darkness last year. CEO Elon Musk vows to complete the project within 100 days, backing his promise with a confident money-back guarantee.
Related: Iran, Iraq, And Turkey Unite To Block Kurdish Oil Exports
Tesla won the tender for the installation in July and now, according to South Australia’s Energy Minister Tom Koutsantonis, work is on track to flip the switch in two months, when summer season begins in Australia and demand for electricity peaks.
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To power Tesla’s electric car empire, the company has joined hands with Vestas, a top wind turbine manufacturer, to create a storage system that would make power generated from wind useful during quiet days in the jet streams. So far the wind power giant has focused its efforts with European companies, since the governments of the region do not oppose green energy with the same vigor as they do in the United States.
By Zainab Calcuttawala for Oilprice.com
More Top Reads From Oilprice.com:
Zainab Calcuttawala
Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…
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Bob on October 08 2017 said:Musk wants to sell to a bankrupt government. Be my guest. Lol -
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Michelle Shelly LeBoeuf on October 07 2017 said:If Tesla's so great why isn't it making a profit?? He's just trying to get much needed cash to try to keep up his failing company. The world's Power Grid can not take the strain of plugging in all those big batteries. Batteries die, you can tell me it's more reliable than what we have now. -
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JustMeNS on October 06 2017 said:I am starting to wonder if Musk is delusional. He was supposed to build 3000 Model 3 cars by Sept 30, 2017 and built 260. Then he wants to go to Mars. He got lucky once and is now trying to parlay that into his other ventures he knows squat about. Good luck to all his investors; you are being suckered.
Bob on October 08 2017 said:
Open57.81
Trading Vol.6.96M
Previous Vol.241.7B
