Afternoon Coffee: Texas Gas Producers Face Oversupply, Indian Automaker Mahindra Eyes Detroit


West Texas’s oil boom is becoming a bane for energy producers, reports the Wall Street Journal, as the glut of natural gas forces producers to curtail drilling and flare the excess gas. Flaring, or setting the gas on fire, is sometimes done when storing or selling the gas is not cost-effective, though the process is dangerous and highly polluting.

Reviving Motor City

As part of its ambitions to move into the U.S. market, the Mumbai-based automaker Mahindra & Mahindra announced that it would start making off-road vehicles in Auburn Hills, just north of Detroit. This marks the area’s first new vehicle assembly plant in 25 years, as reported by the New York Times.

Marvell to Buy Cavium

Chipmaker Marvell Technology will shell out $6 billion to buy its rival, Cavium, CNBC reports. Coming in the midst of a flurry of M&A activity in the semiconductor business, the acquisition would allow Marvell to expand in the networking equipment sector.

Net Neutrality Repeal

Ajit Pai, the chairman of the Federal Communications Commission, is expected to propose a full repeal of net neutrality rules today, the New York Times reports. Net neutrality rules, which were enacted during the Obama administration, require broadband providers to give Internet users equal access to all content. The proposal is expected to pass when the five F.C.C. commissioners vote on it next month.

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