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Wednesday, 17 August 2016

More Troubles For BIG Oil As EV's Can Replace 90% Of Vehicles

MIT analysis finds current EVs could replace ~90% of personal vehicles now on the road based on driver’s energy consumption 



A study by a team at MIT has concluded that roughly 90% of the personal vehicles on the road in the US could be replaced by an electric vehicle available on the market today, even if the cars can only charge overnight. MIT Associate Professor Jessika Trancik, corresponding author of the paper published in Nature Climate , noted that this would more than meet near-term US climate targets for personal vehicle travel. The team spent four years on the project, which included developing a way of integrating two large datasets—one highly detailed set of second-by-second driving behavior based on GPS data, and another broader, more comprehensive set of national data based on travel surveys—to estimate the energy requirements of personal vehicle trips […]


Australia’s central bank said inflation would remain low and the economy could grow faster, while house-price concerns had cooled, in explaining its decision to cut interest rates for the second time in four months.

DBRS's view is closely watched because it is the only one of the four ratings agencies recognized by the ECB to have an investment grade rank for Portugal. It needs a rating of that category to qualify for the central bank's quantitative easing program and for the ECB to accept Portugal's bonds as loan collateral.

The company's decision, which it blamed on heavy losses tied to the insurance plans, follows similar moves by competitors such as UnitedHealth Group, the nation's largest insurer.

Real estate investors could be in for a shock if interest rates rise or demand in some markets continues to fall because “amateurs” are plowing money in at high prices, betting on rent increases that may not continue, said Tom Barrack, the billionaire chairman of Colony Capital Inc.

 

Deutsche Bank ADMITS it is preparing for market crash as fears over bail out grow

Central banks are using interest-rate cuts, asset purchases, and other monetary-policy measures to prop up the economy to keep it at a "status quo”, the bank said.
But a market correction could be on the cards if an "external economic shock" hits, they said. 
The news comes as it was revealed the bank's profits dropped by 98 per cent last month and its share price reached lows not seen since before 2002.
Now Dominic Konstam, Deutsche Bank's global head of interest rates research, has issued a report that warned a "collapse in risk assets" could cause "panic".



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