Amid all of the excitement around new mobility technologies, a single, inescapable reality often gets lost: modern transportation does not run on lidar, telematics, or any other technologies. That is why 2019’s biggest story in mobility is not about Waymo, Hyperloop, or Lime – nor is it about innovations coming out of Detroit, Silicon Valley, or Germany.
Since oil is a globally-traded commodity, a supply disruption anywhere affects prices everywhere. Even worse, this single commodity has a virtual monopoly over mobility: the U.S. relies on oil to power 92% of its transportation sector. This renders American commuters and businesses vulnerable to price shocks caused by, say, a drone strike halfway across the world at an oil processing facility that they have probably never heard of, by a rebel group they know nothing about.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Steve Irwin's family ripped apart by 'sad' fallout 13 years after his deathThe Crocodile Hunter died in Australia in 2006 after a stingray barb pierced his heart
Source: Mirror Celeb - 🏆 476. / 51 Read more »
Mariah Carey Is Celebrating 25 Years of 'Merry Christmas' With Deluxe Re-ReleaseHoliday songbird Mariah Carey is “almost ready, not quite ready to celebrate Christmas yet,” but ask her again on Nov. 1, when her Merry Christmas record turns 25. Her early present to fans is the album’s special 2-CD deluxe anniversary edition, featuring the original album and a bonus disc with rare remixes and unreleased live performances. MariahCarey skinny saving christmas once again MariahCarey No thanks, im good 🙄 MariahCarey Mimi is the christmas
Source: billboard - 🏆 112. / 63 Read more »
Just 22 Facts That Will Make Any '90s Girl Feel Like They're 89 Years Old'I REFUSE TO ACCEPT THIS!' —You reading this DonnaFT118
Source: BuzzFeed - 🏆 730. / 51 Read more »
17 Little Details In 'Shrek' Movies That You Might've Missed All Of These YearsI can't believe I looked right ogre these. I've noticed half of these, love the Shrek movies though the last one wasn't that good compared to the others.
Source: BuzzFeed - 🏆 730. / 51 Read more »
China's appetite for commodities has grown in the last 40 years — and it's not done yetIn just 40 years, China has grown to become the world's largest buyer of a wide number of commodities — from soybeans to copper.
Source: CNBC - 🏆 12. / 72 Read more »
Explainer: China's celebrations to mark 70 years of the People's RepublicChinese President Xi Jinping will oversee a massive military parade through cent... Congratulations on your 70 years of crushing humanity, China. “Republic” Explainer:Devil never had a place in the venture.
Source: Reuters - 🏆 2. / 97 Read more »