Author: Elon Mark

On the heels of my recent article outlining how California’s unique fuel regulations — not corporate price gouging — are driving up gasoline prices in the state, new developments have added urgency to that conversation. On May 6, California Senate Minority Leader Brian W. Jones (R-San Diego) sent a letter to Governor Gavin Newsom sounding the alarm over what could become an energy and economic crisis in the state. Citing an analysis by University of Southern California professor Michael Mische, the letter warns that gas prices could spike 75% by 2026 — reaching as high as $8.43 per gallon — if two major refineries…

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China Solar in Shanxi Province Gilles Sabrié for The New York Times J. Emilio Flores for The New York TimesIn China, more wind turbines and solar panels were installed last year than in the rest of the world combined. And China’s clean energy boom is going global. Chinese companies are building electric vehicle and battery factories in Brazil, Thailand, Morocco, Hungary and beyond.At the same time, in the United States, President Trump is pressing Japan and South Korea to invest “trillions of dollars” in a project to ship natural gas to Asia. And General Motors just killed plans to make…

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As Congress races to pass President Donald Trump’s “Big Beautiful Bill,” it’s also sprinting to placate the many haters of the bill’s “AI moratorium” provision which originally required a 10-year pause on state AI regulations.The provision, which was championed by White House AI czar and venture capitalist David Sacks, has proved remarkably unpopular with a diverse contingent of lawmakers ranging from 40 state attorneys general to the ultra-MAGA Representative Marjorie Taylor Greene. Sunday night, Senator Marsha Blackburn and Senator Ted Cruz announced a new version of the AI moratorium, knocking the pause from a full decade down to five years…

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 Saudi Arabia has been cranking up oil refining operations to capture strong profit margins, helping the kingdom offset revenue lost from declining crude prices and exports. The world’s top oil exporter has in recent years invested heavily in expanding and modernizing its refining and petrochemical capacity at home and overseas to meet growing demand for fuel and plastics while also securing outlets for its crude oil. Saudi Arabia has nine local refineries with a combined capacity of 3.33 million barrels of oil per day (bpd), accounting for roughly 3% of global demand, which are configured to process its domestically produced crude oil.…

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For millions of salaried employees across India, Form 16 is not just a document, it’s a key to decoding their tax filings. If you have ever wondered what Form 16 really means, how it helps in filing your income tax return (ITR), or why it lands in your inbox every year around June, you’re not alone. With each financial year, the importance of Form 16 only grows, especially as tax compliance becomes more digital and transparent. Let’s walk through everything you need to know about Form 16 for financial year 2024–25 (Assessment Year 2025–26), including the changes, the components, and…

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We all have that one friend who’s tech-savvy that everyone turns to for advice, especially ahead of big sale events like Amazon Prime Day. Well, that’s me. I’m that guy.When people find out what I do for a living, everything gets turned up to 11. I review laptops for my job, and almost everyone needs one. If people don’t know where to begin, here’s how I guide them through the process of picking the right Apple MacBook—where I recommend you start.Start With the MacBook AirYou might think narrowing your choice of laptop down to a MacBook would help, but these…

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ExxonMobil has started exclusive talks with Canadian fuel retailer North Atlantic over the sale of its stake in its French subsidiary Esso, including its Gravenchon oil refinery, the company announced on May 28. A statement from ExxonMobil said it is negotiating with North Atlantic France over the acquisition of its entire 82.89% stake in the Esso business and its assets, including the 240,000 b/d refinery it operates in Normandy. The companies are also discussing the sale of a 100% stake in ExxonMobil Chemical France, the statement said. Subject to regulatory approval, the deal is expected to close in Q4 2025,…

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Artificial intelligence tools have taken another leap forward. A new wave of generators can create lifelike video along with realistic audio, including dialogue.These tools, including Google’s Veo 3, are producing viral videos, satirical commentary and even realistic fakes of disputed events like riots and elections.Below is a collection of real videos alongside A.I.-generated fakes, which were created by writing basic prompts to guide what the tools come up with.Your job: tell the difference. (Most of these videos have dialogue. Unmute the videos to hear what’s said.) 1 of 10 Is this conference presentation real or A.I.? Oops, not quite. This was…

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Mark Chen, the chief research officer at OpenAI, sent a forceful memo to staff on Saturday, promising to go head-to-head with the social giant in the war for top research talent. This memo, which was sent to OpenAI employees in Slack and obtained by WIRED, came days after Meta CEO Mark Zuckerberg successfully recruited four senior researchers from the company to join Meta’s superintelligence lab.“I feel a visceral feeling right now, as if someone has broken into our home and stolen something,” Chen wrote. “Please trust that we haven’t been sitting idly by.”Chen promised that he was working with Sam…

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By Lars van Wageningen, Research & Consultancy Manager May 2025 was marked by significant volatility in global oil markets, with Brent crude prices flirting with multi-year lows, forward curves flattening into contango, and trade flow disruptions affecting key hubs. While backwardation still defines the prompt structure, a deeper contango emerges beyond Q4 2025—a signal of shifting market fundamentals. For tank terminal operators, this environment demands strategic recalibration toward future storage plays, flexible infrastructure, and adaptive commercial models. 1. Price Weakness and Forward Curve Flattening Brent crude hovered between $62.13 and $64.53/bbl throughout May, pressured by ongoing geopolitical uncertainty, OPEC+ supply…

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