9.8
Next year, Honda plans on adding a fair bit of competition to the “dedicated hybrid” space when it re-introduces the Insight. Way back in 1999, back when gas was at $1.39/gal., Honda was the first to market in offering for sale a gas-electric hybrid. In 2006 they killed it. Now, the time is right to raise the dead and Toyota is squarely in their sights.
7.21
In fact, no unbiased expert claims that exploiting the fields in the Alaskan wilderness would cause more than a bump in world supply or prices in the U.S.
Oil executives know that they haven’t explored 80 percent of their existing leases in the continental U.S., according to Barlett.
As followers of the “the peak-oil theory”, big oil believes that, by 2010, their industry will have hit a maximum level of output. After that, weather because of competing energy sources, depleted sources of oil or the increasing amount of money it takes to produce it, oil output will begin to permanently decline.
In “Crude Reporting: Ask the Tough Questions About Oil” Howell Raines of Portfolio.com looks at the myths of supply and demand oil companies have perpetuated in order to gain monumental profits before their tap begins to run dry.