Monday, April 21, 2008

Click and Clack endorse the Prius

In an article in Newsweek, the hosts of NPR's "Car Talk" talk about the car of the future.

Turns out that the Tappet Brothers, one of whom doesn't even own a car (!), are lobbying Congress for increased automobile fuel efficiency. They're also starring in a new episode of the PBS series Nova. And they have some advice for you, the consumer: "Get a Prius."

FYI, since we're talking about it -- a quick update on my "Pious" seems in order. Its current fuel efficiency (running average since I bought the car in December) is:
49.6 m.p.g.
And, in the interest of fairness to other ecofreaks, here's a bumper sticker on a car in Adams-Morgan this morning: "Biofuel - No war required."
Thanks to Michelle for a link to the Newsweek story.

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Tuesday, February 19, 2008

Oil costs $100 at market's close

Oil has hit $100/ barrel before, but it dropped back down to mere double-digits before the close of the market. Not so today: When the closing bell rang, "light sweet crude" was at $100.01. Blame Hugo Chavez, or blame Hubbert's Peak. It's some expensive stuff.

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Wednesday, January 2, 2008

Oil hits $100 / barrel for the first time

We've been expecting this for a while, but now it's finally happened. Happy new year, everybody: oil costs a hundred dollars a barrel!

Oil prices have quadrupled since 2003, for multiple reasons. At its simplest, though, it's Day One in Economics 101: there's less of a supply (that's what non-renewable resource means) and there's more of a demand (especially due to nascent industrialization in China and India). Everybody wants more of what there is less & less of -- so we pay more for it.

Coverage: New York Times, Fox News, CNN, & Washington Post.

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