Afternoon Coffee: Why Sand is Becoming a Competitive Commodity, Tesla to Reveal Semi-Truck in October

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West Texas has been for decades known for its vast oil reserves. But these days another commodity is attracting potential suppliers: sand. As the Wall Street Journal reports, big oil-field sand suppliers, Wall Street firms and other investors have been buying up swaths of the West Texas desert in order to mine sand that can be sold to drillers extracting oil and gas from shale formations.

Tesla’s Truck

After months of rumors, Tesla announced this week it is tentatively set to reveal its electric semi-truck in October, Transport Topics reports. CEO Elon Musk said the “beast” will be unveiled during an event Oct. 26 in the Los Angeles suburb of Hawthorne. It is unclear whether the truck will have self-driving capability.

Jones Act 

In an effort to relieve Gulf and East Coast ports affected by recent hurricanes, the Department of Homeland Security extended Wednesday its temporary waiver of the Jones Act, American Shipper reports. The law requires domestic cargo moving between U.S. ports be moved on U.S.-flag vessels.

Consumer Prices 

And finally, an economic update: Consumer prices rose in August, CNBC reports, amid a jump in the cost of gasoline and rent. The Labor Department’s Consumer Price index rose 0.4% last month, the largest in seven months.

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