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In the first few days of 2008, the price of oil passed $100 a barrel on its way to a high of $147—resulting in record prices at the pumps and a feverish demand for smaller fuel-efficient cars such as hybrids. The global downturn in the economy in the second half of the year simultaneously cut […]

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Last Wednesday, President-elect Barack Obama announced former Iowa Governor Tom Vilsack as his choice to be the next Secretary of Agriculture. The appointment has fueled growing concern from ethanol critics, who worry that the Obama administration may expand subsidies to an industry that they feel has already received more than its fair share of generosity […]

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In his first televised interview since winning the election, President-elect Barack Obama spoke with Steve Kroft of CBS’s 60 Minutes about the potential bailout of the American auto industry. He also reminded the American people about the importance of breaking from their addiction to oil—despite the recent and dramatic drop in prices at the pumps. […]

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As investors grappled with the potential ramifications of a looming global economic downturn today, oil prices fell to levels not seen since late 2007. The dive was precipitated by a growing sense that in the coming months, businesses and individuals around the world will drastically cut oil use, and that a spike in demand from […]

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As investors grappled with the the potential ramifications of a looming global economic downturn today, oil prices fell to levels not seen since late 2007. The dive was precipitated by a growing sense that in the coming months, businesses and individuals around the world will be drastically cutting their oil use, and that a spike […]

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The United States Environmental Protection Agency released a new report this week citing an annual overall improvement in new car fuel efficiency from 20.6 miles per gallon in 2007 to a projected 20.8 miles per gallon for 2008—a jump of 0.2 miles per gallon. These figures reflect real-world driving results, which differ from Corporate Average […]

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As the current Congress scrambles to pass an energy bill before its term expires at the end of the year, some parts of the House version of the legislation should be of note to green car enthusiasts. Though it is often referred to as “the offshore drilling bill,” H.R. 6899 is a complex piece of […]

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If you’ve watched any cable news or read the editorial pages of a major newspaper in the past few months, you’re likely to have come across advertisements for the Pickens Plan. Devised by legendary energy baron, T. Boone Pickens, the Pickens Plan promises to decrease America’s foreign oil expenditure by more than 40 percent. One […]

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The price of oil dropped below the psychological barrier of $100 a barrel today—despite hurricane-damaged oil rigs in the Gulf, rebel groups declaring an “oil war” in the Niger Delta, and a barrage of negative news from Wall Street that previously led speculators to drive up the cost of petroleum. The current drop in oil […]

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If the US automobile industry ramps up its efforts to produce eco-friendly vehicles for the mass market, it could cut the nation’s gas consumption by 30 to 50 percent by 2035. That’s according to a new study by the Massachusetts Institute of Technology. This could have a profound effect on America’s dependency on foreign oil—saving […]

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