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Profits from ‘fuels’ trail behind oil’s recovery

Bloomberg Returns from turning oil into fuels are lagging behind crude’s jump, signalling that prices are still vulnerable and demand may not be recovering fast enough to justify the rally. Crude futures have soared 73% in May, rebounding from their historic crash below zero just over a month ago, helped by production cuts across the globe after the coronavirus crisis ...

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Built by oil’s riches, Houston goes all-in on solar power

Bloomberg The oil and natural gas capital of the world is going all-in on solar power. Houston will begin a new five-year contact in July with NRG Energy Inc to power all of its city-owned properties, from fire stations to airports, with renewable energy. The move means the nation’s fourth-largest city will reach its goal of 100% renewable power five ...

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Apple still won’t help the FBI break into iPhones

There are two important lessons in the announcement that the Federal Bureau of Investigation (FBI) has finally succeeded in cracking two mobile phones belonging to the aviation student who killed three people last December at a naval base in Pensacola, Florida. The first lesson is that cracking an encrypted device takes time and effort even when the federal government brings ...

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