by Nick Cunningham of Oilprice.com
Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. In its latest annual World Energy Outlook, the International Energy Agency (IEA) warned that the current period of oil abundance may be fleeting, and in fact, without heroic levels of production increases, oil markets will grow dangerously tight in the coming years.
By Christine DiGangi
A California man ended up in a messy, financial nightmare when a stranger ran a red light. He didn’t know the man, and he wasn’t nearby when it happened — the only thing that got Lawrence Armstrong into this mess was his name. Apparently, the man who ran the red light had a name similar to Armstrong’s, and the traffic citation mistakenly ended up on his driving record, FoxNews.com reports.
Jaguar Land Rover’s UK workers have voted against an offered pay rise and pension changes as the country’s biggest trade union said the firm should return to the negotiating table or face a ballot for industrial action.
The General Motors engineer often identified as responsible for a faulty ignition switch that has been linked to 32 deaths said “I did my job the best I could” in his first public comments since GM recalled 2.6 million cars to address the defect early this year.
By JOAN LOWY
Nineteen automakers accounting for most of the passenger cars and trucks sold in the U.S. have signed onto a set of principles they say will protect motorists’ privacy in an era when computerized cars pass along more information about their drivers than many motorists realize.
