For Today: Hyperloop One ready to move forward, OPEC and oil companies see electric cars taking away oil demand

Hyperloop One test:  Hyperloop One is getting ready to test out its 28-foot-long pod in Nevada in the next few weeks, the startup said. Inspired by Tesla CEO Elon Musk in 2013, Los Angeles-based Hyperloop One is ready to take the pod transport through vacuum tubes in what could someday be a very fast ride between San Francisco and LA. The goal is to reach 250 miles per hour, which would shorten the car trip quite a bit.

Automated trucks:  Speakers at the Automated Vehicles Symposium in San Francisco on Wednesday expect that autonomous heavy-duty trucks will on the road in as little as three years – sooner than expected for light-duty passenger vehicles. Going to fully autonomous mode will take a while longer for commercial trucks, as it will for cars. Trucking companies are fascinated with the technology for its potential to make truck transport safer, improve customer service, and to help drivers become more productive. “A lot of the technology is driver assist or safety enhancement”, said Max Fuller, executive chairman of U.S. Xpress, a major U.S. trucking company. “If you look at [autonomous vehicles], it will come in pieces.”

Electric cars and oil demand:  Bloomberg New Energy Finance released a study today forecasting that electric cars will be reducing oil demand significantly by 2040. That comes from forecasts presented by OPEC, Exxon Mobil, and BP. OPEC quintupled its forecast for sales of plug-in sales, while Exxon Mobil, BP, and other oil producers also revised up their outlooks in the past year.

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