BP PLC aims to be able to be profitable with oil at $35 a barrel by 2021 and increase output by 5% each year until 2021 without increasing capital spending beyond the staggering current level of $17 Billion/year.  Could this $35 be BP’s counter-prediction to the $70/barrel prediction in last week’s email?

 

Self-driving trucks are getting a lot of press as many see that self-driving will be adopted faster in trucking than in cars.  It seems like everybody wants to be on the bandwagon: A Google (now called Alphabet) engineer jumped from self-driving cars and started his own self-driving-truck company that Uber just bought for $680 Million.  Their self-driving-truck company, called Otto, was involved in last year’s publicity run delivering Budweiser.