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From OilPrice.com: In July 2011, the Obama administration announced the new Corporate Average Fuel Economy (CAFE) standards that will begin taking effect in 2017. The standards for U.S. light-duty vehicle fleets (passenger vehicles and light-duty trucks) will be 54.5 miles per gallon (mpg) by 2025, and they piggyback on the 2009 mandate for a CAFE average of 35.5 mpg by 2016, up from 27.3 mpg in 2011. The 54.5 mpg target is the [...] Tests carried out on 60 different types of car Motorists are paying hundreds of pounds more than they might expect to fill up their cars because fuel economy figures are overstated, a report claims. And it is some of the cars that trade most on their ‘green’ and fuel-efficient eco credentials where the gaps between the official figures and reality are greatest, [...] Whether due to rising gas prices or greater eco-consciousness among consumers, U.S. fuel economy levels are at a record high. Last month, the average fuel economy of a new car purchased in the U.S. was 23.7 miles per gallon, compared to 23.5 miles per gallon the previous month, according to the University of Michigan Transportation Research Institute (UMTRI). That may not seem like much, but over the last four years, UMTRI reports [...] American auto dealers are pushing back on proposed fuel economy rules that, they claim, would price out millions of buyers from the new-car market, potentially jeopardizing the environmental benefits of the program and the resurgent auto industry itself. Throughout the Obama administration’s campaign to jack up fuel efficiency, officials claimed that for consumers, the upgrades would pay for themselves. Sure, buyers would pay more for a new vehicle off the lot, [...] From EP Autos: Heather Peters (no relation to this writer) is hopping mad at Honda. She says her ’06 hybrid Civic’s actual mileage more than just varied: About 30 MPG vs. the EPA (and Honda) advertised 50 MPG. So she’s going after Honda in court – small claims court – for $10,000. Which is the maximum payday she can get there. Honda is concerned because if Peters wins, other hybrid owners [...] From FT: The Queen is coming perilously close to joining millions of her subjects in “fuel poverty” as energy bills for four palaces and a draughty castle absorb a rising share of her income. About 4m households in England have fallen into fuel poverty, a situation in which a homeowner must spend 10 per cent of their annual income to keep their abode acceptably warm. The royal household is aware of its predicament. [...] by Jed Lewison Along with pretty much every other Republican in Congress, Fred Upton and Cliff Stearns hope the failure of of Solyndra, a green energy company backed by federal loan guarantees under a program initiated during the Bush administration, turns into the first bona fide scandal of the Obama administration. By Kara Rowland The Washington Times One day after the stock market took its biggest plunge since the 2008 financial crisis, President Obama on Tuesday canceled a previously scheduled speech at a local moving company, and the White House also pulled the plug on the daily press briefing. Instead of traveling to Springfield, Va.-based Interstate Moving Services and making [...] U.S. Transportation Secretary Ray LaHood unveiled new fuel-economy window stickers for cars and trucks, saying “we’re not just sitting around waiting for high gasoline prices to come down.” His ride of choice to the unveiling: This 12-mpg Chevy Suburban SUV. – Source With the price of gas above $3.50 a gallon in all but one state, there are signs that Americans are cutting back on driving, reversing a steady increase in demand for fuel as the economy improves. Gas sales have fallen for five straight weeks, the first time that has happened since November, according to MasterCard SpendingPulse, which tracks spending at 140,000 service stations nationwide. ABC News David Shepardson / Detroit News Washington Bureau Washington — Consumer Reports offered a harsh initial review of the Chevrolet Volt, questioning whether General Motors Co.’s flagship vehicle makes economic “sense.”The extended-range plug-in electric vehicle is on the cover of the April issue — the influential magazine’s annual survey of vehicles — but the GM vehicle comes in for criticism. “When you are looking at purely dollars and [...] by Giordano Bruno of Neithercorp Press The Great Global Debt Prison By Giordano Bruno Neithercorp Press – 2/4/2011 Tense and terrible times inevitably summon an odd coupling of two very different and difficult human conditions; honesty, and brutality. Certain painful truths are revealed, and often, a palpable fury erupts. Being that times today are particularly tense, and on the verge of being spectacularly terrible, perhaps we should embrace [...] |
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