News bites: Tesla stock soars, US wood as European fuel, and more

European power firms are turning to U.S. wood as a fuel source to meet government targets for reducing carbon dioxide emissions, notes The Wall Street Journal.

Wind-energy developers are looking to turn Wyoming into a hotbed for wind power with the intent of shipping the electricity to the Southwest, The Wall Street Journal reports.

European Union officials said an alleged European oil price-fixing scheme by Royal Dutch Shell, Statoil and BP might have affected millions of people, Bloomberg notes.

More companies are investing in rail as a means for transporting oil, the Houston Chronicle reports.