• 9 minutes WTI @ 67.50, charts show $62.50 next
  • 11 minutes The EU Loses The Principles On Which It Was Built
  • 19 minutes Batteries Could Be a Small Dotcom-Style Bubble
  • 1 hour Downloadable 3D Printed Gun Designs, Yay or Nay?
  • 3 hours Saudi Fund Wants to Take Tesla Private?
  • 2 hours Rattling With Weapons: Iran Must Develop Military To Guard Against Other Powers
  • 8 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 5 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 55 mins China goes against US natural gas
  • 9 hours CO2 Emissions Hit 67-Year Low In USA, As Rest-Of-World Rises
  • 4 hours Corporations Are Buying More Renewables Than Ever
  • 17 hours Starvation, horror in Venezuela
  • 18 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 20 hours How To Explain 'Truth Isn't Truth' Comment of Rudy Giuliani?
  • 11 hours Saudi PIF In Talks To Invest In Tesla Rival Lucid
  • 12 hours Film on Venezuela's staggering collapse
U.S., China Trade War Puts A Lid On Oil

U.S., China Trade War Puts A Lid On Oil

Negative signs for demand have…

What Caused Oil’s Longest Losing Streak In Years?

What Caused Oil’s Longest Losing Streak In Years?

Oil market analysts are divided…

McLaren to Supply Technology for Formula E Championship

Formula E is a new motorsport which will use electric cars. IT is intended to promote public awareness of electric vehicles, and at the same time increase the rate of development of EV technology.

McLaren, the Formula One team, has just announced that it will produce engines, transmissions, and the electronics for the electric race cars, which are all being assembled by Spark Racing Technology, the official supplier to the championship.

Martin Whitmarsh, the team principal at Vodafone McLaren Mercedes, said that he’s “a passionate believer in the role that motorsport can play in showcasing and spearheading the development of future technologies, and regard the Formula E concept as an exciting innovation for global motorsport.”

Related Article: EIA Predicts Cheap Gasoline in Time for Holidays

Formula E Holdings, which holds the rights to the Formula E Championship, has ordered 42 cars from Spark Racing Technology. The season is set to begin in 2014, with a grid of ten teams racing 20 cars through the streets of famous cities; each driver is expected to require to cars to complete the hour-long races.

Rio de Janeiro has already been confirmed as one of the host cities, while Miami and New York are being considered for the US. The Olympic park in London could also provide a potential venue.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News