Billionaire John Arnold says Renewable Energy Hurts Demand for Oil
Respected hedge fund energy expert, billionaire John Arnold has a 'very good theory' on the impact from autonomous vehicles, electric vehicles, cheap electricity from renewable energy sources and ride-hailing apps changing the supply and demand for oil.
"Oil is fascinating because there is this big shift, for decades the question has been about supply," Arnold said. "The coming 10 years is more about demand."
According to Fortune, Arnold reportedly generated a 317 percent return in 2006 and had annual returns of more than 50 percent in his first seven years managing his hedge fund.
Read more of the original article at CNBC.
At a Pivot Point with Predictive Analytics: We Can Now Look Forward
Instead of just looking retrospectively at data, it is now possible to build models that tell us what is going to happen using predictive analytics.
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Platooning of Tractor-Trailers Coming to a Highway Near You
New technology aimed to make 18-wheelers safer — using radar, cameras and reflective light scanning — is sweeping the industry.
The pairing of tractor-trailers at a distance of 30 to 50 feet is called platooning – it's safe and saves money.
"One reason this matters to people who don’t drive tractor-trailers is found in the annual crash-death numbers from the National Highway Traffic Safety Administration: Of the 4,317 people who died in crashes involving large trucks last year, 72 percent of them weren’t in trucks, but rather passenger cars. An additional 11 percent were pedestrians, bicyclists, roadway workers or police officers standing beside the highway, according to statistics released this month."
Read more of the original article at The Washington Post.
Kontos Kommentary – September 2017 Edition
In the latest Kontos Kommentary, Tom Kontos, Chief Economist at KAR Auction Services, provides his insight and updates regarding used vehicle market conditions. To read the entire Kontos Kommentary for September 2017, visit https://www.adesa.com/kontos-kommentary
