Tesla Semi & Keystone Pipeline Leak | Weekly News Update

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Last week marked tranrportation industry history as Tesla unveiled their all-electric, heavy duty semi. The Keystone Pipeline leaked near Amhearst just prior to important legislation permitting the completion of the pipeline. Fuel liberalization in Mexico has been expedited and new plans to manage the new fuel landscape are underway – and more.

Tesla Unveiled its Highly-Anticipated Tesla Semi

Tesla’s CEO, Elon Musk, unveiled Tesla’s latest products on Thursday, November 16th, including its long anticipated Tesla Semi. The tractor trailer boasts industry-leading specifications, including its acceleration, mileage range of 300 to 500 miles, and energy consumption of 2 kWh per mile. Just as important, the company boasts the trucks can restore enough power for 400 miles in half an hour, which is the currently mandated break period for a commercial driver.  To achieve this, Tesla will build a network of Megachargers – with more power than the current Tesla Superchargers – that will be solar-powered to eliminate any concern about the sustainability of the electricity generation source.  Details on the size and scope of the Megacharger network were not discussed at the event. Tesla also states on its website that the Tesla Semi is the “safest truck ever” through its Enhanced Autopilot features.

 

A Keystone Pipeline Leak Spilled 5,000 Barrels of Oil

The Keystone Pipeline running from Canada across the Great Plains leaked near Amherst in northeast South Dakota on the morning of November 16th. The spill occurred days before a decision from the Public Service Commission of Nebraska over whether to grant a permit for the delayed Keystone XL pipeline. TransCanada released a statement that the leak and subsequent spill had been completely isolated. The Keysone Pipeline runs 1,136 miles from Hardisty, AB to storage and refining networks in Steele City, NB and Patoka, IL. The pipeline has had previous spills, of much smaller quantities, in 2011 and 2016.

In Other News

11/10

Bloomberg: Utilities Push for Electric Car Tax Credit While Ford Stays Neutral

In a letter to House Ways and Means Chairman Kevin Brady, longtime Ford Motor Co. lobbyist Ziad Ojakli thanked the Texas Republican for his work to advance tax reform, especially slashing the corporate tax rate…  Absent from the letter? Any mention of the $7,500 tax credit for purchasers of electric cars, something the tax legislation Brady is shepherding would eliminate.

11/13

Futurism: Elon Musk Just Revealed the Official Launch Date for the Tesla Semi

In a Sunday afternoon Twitter post, Tesla founder Elon Musk announced that the company’s electric semi truck will be revealed this Thursday, November 16—and that it would “blow your mind clear out of your skull and into an alternate dimension.”

Freight Waves: Trucking freight futures developer raises $3.4 million from Bill Ford’s venture arm and other tech investors

TransRisk, a leading data intelligence and financial products company serving the freight and logistics industries, today announced the completion of an oversubscribed $3.4 million seed financing led by Fontinalis Partners, a mobility-focused venture capital firm with offices in Detroit and Boston.  TransRisk is building an information services platform with the goal of mitigating risk and providing market transparency to trucking and logistics companies that face significant pricing volatility.

11/15

Reuters: Mexico’s Energy Chief Says Plan Coming to ‘Soften’ Retail Fuel Prices

Fuel importers in Mexico have complained about a lack of tax adjustments to reflect the international prices of gasoline and diesel increasing by more than 15 percent in recent weeks. The Mexican government presently announces fiscal incentives that are applied to reduce a fixed excise tax, called the IEPS tax, each week. Mexico’s Energy Minister, Pedro Joaquin Coldwell, said, “Mexico’s finance ministry is looking at ways to ‘soften’ the price impact of gasoline market liberalization next year.”

11/16

The Washington Post: Keystone Pipeline Spills 5,000 Barrels of Oil on Eve of Permitting Decision for TransCanada

The Keystone Pipeline running from Canada across the Great Plains leaked near Amherst in northeast South Dakota on the morning of November 16th. The spill occurred days before a decision from the Public Service Commission of Nebraska over whether to grant a permit for the delayed Keystone XL pipeline. TransCanada released a statement that the leak and subsequent spill had been completely isolated. The Keysone Pipeline runs 1,136 miles from Hardisty, AB to storage and refining networks in Steele City, NB and Patoka, IL. The pipeline has had previous spills, of much smaller quantities, in 2011 and 2016.

Bloomberg: Mexico Accelerates Fuel Opening to Jump-Start Investment

Mexico’s Energy Regulatory Commission (CRE) announced regional liberalization for the states of Campeche, Quintana Roo and the Yucatan will occur November 30th, instead of December 30th, at a press conference on Thursday, November 16th. These states will join many states in central and southern Mexico that were previously scheduled to liberalize on November 30th. This development means all of Mexico will be liberalized to end November, completing another milestone along the process of moving Mexico’s crude and refined products industry past its former monopolistic structure under national oil company Pemex.

11/17

CNBC: Wal-Mart Says it has Preordered 15 of Tesla’s New Electric Tractor Trailers

Wal-Mart has ordered 15 Tesla tractor trailers following the unveiling of Tesla’s latest products. Wal-Mart will pilot the trucks in the US and Canada as part of their 6,000 truck fleet. Wal-Mart told CNBC “We believe we can learn how this technology performs within our supply chain, as well as how it could help us meet some of our long-term sustainability goals, such as lowering emissions.”

This weekly publication is designed to highlight relevant industry news to provide professionals in the transportation, supply chain, and energy sectors with up-to-date information in a rapidly changing marketplace. This update is purely a compilation of industry news and as such, does not necessarily reflect the opinion of Breakthrough®Fuel. We do not warrant or guarantee accuracy or completeness of information. For additional information, please contact us at info@breakthroughfuel.com.

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