And it feels like we’ve never been gone!!
Get ready to open your wallet for that last trip of the summer season. Crude prices jumped $10/barrel translating to something like an increase of $0.10/gal at the pump.
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Tesla Motors, the electric car manufacturer, turned profitable in July. Sales of its Roadster 2 sports car rose dramatically, and manufacturing costs came down.
“There is strong demand for a car that is unique in offering high performance with a clean conscience,” said Tesla Chief Executive Elon Musk, in a prepared statement. “Customers know that in buying the Roadster they are helping fund development of our mass market electric cars.”
The Roadster gets 244 miles to the charge.
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A little ray of sunshine from Goldman Sachs (NOT!). Analysts expect commodity prices to spike higher next year just like 2008. They see another possible $150/barrel price for oil. Supply shortages due to underinvestment and increased consumption to blame.