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The national average gas price rose this week for the 14th consecutive day, climbing above $3.50 per gallon for the first time since 2008. The hike comes in response to a jump in crude oil futures, which have traded above $100 for weeks on supply interruptions and fears that political unrest in the Middle East […]

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The Obama administration released its 2012 budget today, highlighting a series of spending cuts and revenue increases that the White House says could save the country $1.1 trillion over the next decade. Included in the proposal are the elimination of so-called “tax preferences” to oil and gas companies that are set to cost taxpayers more […]

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The national average cost of gasoline hit $3.13 per gallon on Friday, continuing an upward climb above record highs for this time of year. And though the price of crude has slipped somewhat from its January peak above $92 per barrel, the IEA this week released a new energy forecast that predicting oil to average […]

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For about two years, media reports have stirred fears about a possible shortage of rare-earth metals needed for hybrid and electric cars. According to these reports, a shortage could threaten future production of hybrids and EVs. Today, Bloomberg and others are reporting that Toyota is developing a workaround: development of inductive motors that don’t need […]

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What will it take for American to make a big shift to significantly greener cars? Gas prices are up, but the public is not yet feeling the pinch at the pump. According to Autodata figures, sales of midsize SUVs and crossover utility vehicles (CUVs) are stronger than ever and small cars sales are flat. From […]

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Nearly three years ago, on the first business day of 2008, the price of oil rose above the symbolic mark of $100 a barrel. Later in the year, the price spiked to $147 a barrel, with gas prices surpassing $4 a gallon. That event dramatically shifted consumers toward hybrids and other fuel-efficient cars. The possibility […]

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Monday marked the 50th anniversary of the designation of the Arctic National Wildlife Refuge, the more than 30,000-square-mile tract of northeastern Alaska that has been a center of controversy since the late-1970s, when the United States government passed a law prohibiting drilling there without direct congressional approval. Last month, conservationists took ANWR’s approaching birthday as […]

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Oil prices ticked up 19 cents Monday to finish at $89.38 per barrel on the New York Mercantile Exchange—the highest close for crude since Oct., 2008. Cold weather in the Northeast has led to high demand for heating oil, and investors were also spurred by rumblings that the Federal Reserve may soon prepare a new […]

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Crude oil prices rose by more than five bucks last week, the biggest percentage gain since the beginning of the year. The rise to nearly $88 per barrel resulted in warnings from AAA, the Lundberg Survey and other sources that prices at the pumps—already at $2.80 on average in the U.S., and at $3.15 in […]

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At an appearance in San Francisco last month, Secretary of State Hillary Clinton tipped her department’s hand in its plans to approve a vast 2,000-mile expansion of the Keystone tar sands pipeline, which would run between Alberta, Canada, and the Texas Gulf Coast. The original pipeline, which runs between Canada and Illinois, is capable of […]

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