Oil prices have risen again and this time it has been the biggest ever single gain. They jumped from $16.37 per barrel to an agonising $120. Not only will this have repercussions on investors, but it is yet again to set the daily living cost to a ridiculous rate including petrol, oil and diesel prices hitting the roof.
Back in July, when oil hit its all time high price of around $145 per gallon, panic struck, flights were being cancelled and people could not afford to drive. Airline such as XL even had to call it a day. But since then the price had steadily relieved its self and brought drivers alike some relief.
Analysts have been amazed at the shock of such a big inflation jump in one day. They blame this on the continuing crisis at Wall Street, and it looks as though we should tighten our belts, for a bumpy ride over Christmas and New Year. We have already seen 2 major companies on the brink of extinction AIG and Lehman Brothers, with AIG getting a last minute rescue from government authorities.
Monday’s record rise reflected a type of trading fluke. By this I mean that it could be classed […]
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More and more people are turning to the possibilities offered by the developments towards more environmentally-friendly vehicles. Car manufacturers are frantically researching more and better ways to expand upon the relatively small market in order to offer cars that consumers will buy - meaning environmentally-conscious vehicles that do not sacrifice both aesthetics and costs in order to reduce fuel emissions.
This task is not easy. Some eco-friendly cars have resembled moon buggies more than everyday road vehicles and many consumers are left wondering why designers don’t seem to have realised that people want a car that will blend in on the road rather than standing out on it. However, there have been vast improvements on the original eco-friendly cars and now many manufacturers are releasing such environmentally-friendly vehicles based on existing models.
However, apart from the looks and feel of eco-friendly cars, other problems arise with extra costs and a possible lack of refilling opportunities.
The new hybrid cars store energy when the brakes are applied, then use it whenever possible instead of fuel when the vehicle is in motion. Their mileage is high and tests seem to show the battery lasts a long time - but they cost several thousands […]
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With gas prices rising worldwide and global warming gaining awareness, the need for alternatives is undeniable. It’s a new era of the automotive industry and couldn’t come a minute too soon. Green technology is today what the minivan was in the 80’s — life changing ‘ and the next decade will set a new time in our history.
The demand first came for more fuel-efficient cars and automakers answered that demand slowly and reluctantly. But we now have cars that more than double the efficiency of cars from 30 years ago. We are more efficient, cleaner and safer in our automobiles than ever. So, with the next era of new alternatives, we are entering an exciting phase of automotive history.
Automakers from around the world have increased their hybrid and electric vehicle production and have put them on fast-track schedules in order to meet the demand. Gasoline powered vehicle plants have slowed tremendously and a few automakers have even halted their own gasoline-powered production lines to create electric and hybrid production lines in order to capture the in-demand hybrid cars market by 2009.
But hybrid and electric technology is not new. In fact, the electric cars date back to the 1800’s. Non chargeable […]
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