It’s considered to be the world’s most sophisticated superfighter jet, but Britain’s new £150million combat aircraft has been banned from flying in bad weather for fears it could explode.
Engineers working on the F-35 Joint Strike Fighter have found the jet’s fuel tank could explode if hit by lightning.
According to reports, the aircraft, which is hoped to enter service for both the RAF and the Royal Navy in five years’ time, [...]
As gas prices remain high, improving your car’s mileage is crucial.
By stretching a tank of gas further, you can reduce the amount of times you must fill up per month, which can help you stick to your budget. This is especially important for those who purchased non-efficient cars when gas was cheaper.
But regardless of what car you drive, you can always use a little extra money at the end [...]
Washington — Republican Mitt Romney believes President Barack Obama is holding on to the government’s stake in General Motors to avoid an embarrassing financial loss before the election, and says he’d sell the stock quickly if he wins the White House.
In a wide-ranging half-hour interview with The Detroit News, the presumptive GOP nominee also said he’d review pending rules that will require automakers to almost double fuel efficiency requirements by 2025, [...]
If you’re thinking about buying a fuel-efficient hybrid, electric or otherwise eco-friendly vehicle as a way to save money over time, do your homework — or be prepared to wait.
Buyers who choose Nissan’s all-electric Leaf ($28,421) over its approximate gas-powered equivalent, Nissan’s Versa ($18,640), will likely wait nearly 9 years until they break even, according to a new report by The New York Times that examines the cost of fuel efficiency.
For drivers of [...]
As he campaigns for president, Mitt Romney is ratcheting up his attacks on Barack Obama over high gas prices, putting the issue at the center of his economic message. He is calling for Obama to fire his Energy secretary, EPA administrator, and Interior secretary, saying they are to blame for high prices at the pump. “No question in my mind that these—I call them the gas-hike trio—that those three are [...]
Gaseous politicians: Nonsense, demagoguery on gas prices
Every increase in gasoline prices gets a rise out of gaseous American politicians seeking to fuel voter anger in their drive for power.
Quick fixes get featured. Lower prices are promised. Boilerplate press releases attach blame (Monday’s: “Obama’s Energy Crisis” from Republican National Committee). White House hopefuls claim that a nation with 2 percent of the world’s oil reserves, which consumes 20 percent of the [...]
President Obama’s re-elect team defended White House energy policy on Sunday as gas prices shoot toward the $4 mark and beyond, a level that could devastate voters’ pocketbooks as well as Obama’s chances for a second term.
Nationally, gas prices are $3.53 a gallon, up 25 cents since Jan. 1, and likely headed to $4.25 a gallon by late April. Republicans have demanded more oil production at home, as well as [...]
A record amount of tonnage has been mothballed and scrapped in the last twelve months.
Shipping needs are down and fuel costs are up, ships are going at slower speeds to get the most fuel efficiency. That means over any given period of time, ships are delivering less per ship – they are making fewer trips since each trip is longer.
The net result is that the effective shipping capacitiy is a [...]
Volkswagen is poised to unveil a single-seat, ultra-frugal, zero-emission electric car. The German carmaker also plans to offer a “full-service package” for customers of its electric cars by selling them power from renewable sources, Jürgen Leohold, head of research, told the Financial Times.
VW’s one-seat concept or experimental car will showcase the carmaker’s ambition to build vehicles that generate no carbon dioxide, even on [...]
Most underplayed economic story of the week: European aircraft manufacturer Airbus “trounced” the traditional U.S. behemoth Boeing at the Paris Air Show, booking a record $50 billion more in orders for new planes. The reason: commercial plane buyers’ demands for high fuel efficiency and low emissions. Here’s the Associated Press report on how Airbus racked up a whopping 730 new plane orders compared to a measly 142 for Boeing:
Airbus has [...]
Detroit — General Motors Co. CEO Dan Akerson wants the federal gas tax boosted as much as $1 a gallon to nudge consumers toward more fuel-efficient cars, and he’s confident the government will soon shed its remaining 26 percent stake in the once-bankrupt automaker.
“I actually think the government will be out this year — within the next 12 months, hopefully within the next six months,” [...]
Secretary of State Hillary Clinton exits a limousine. AP
imousines, the very symbol of wealth and excess, are usually the domain of corporate executives and the rich. But the number of limos owned by Uncle Sam increased by 73 percent during the first two years of the Obama administration, according to an analysis of records by iWatch News.
Most of the increase was recorded in Hillary [...]
Click the chart to see how your state shapes up
NEW YORK (CNNMoney) — Round-trip airfare from New York to Los Angeles. More than a dozen dinners for two at Applebee’s. Two 16 GB iPod nanos.
These are just a few of the things you could have bought if you weren’t spending $368.09 a month on gasoline.
That’s the average amount American households spent on gas in April, according [...]
Watching traffic around Dallas and Fort Worth, you’d never know the U.S. was experiencing any kind of gasoline crisis. Many drivers on the freeways apparently think Texas has already approved the proposed 85 mph speed limit.
Most don’t realize that driving a vehicle that’s rated at 30 mpg on the road at 85 miles an hour will cut its fuel efficiency by around 35 percent. That makes the gas they are [...]