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Worries About Oil Spill Push Oil Prices Higher

Crude oil futures ended flat after surging to a new 18-month high Monday. Signs of an economic recovery were the main catalyst, but traders were also keeping an eye on how the spill in the Gulf of Mexico will affect oil imports to the US. Time Magazine said the environmental disaster off the Gulf Coast […] […]

April 2010 Hybrid Sales Rose 8 Percent, Outpaced by Overall Market

Total US hybrid sales for April 2010 were 23,561—a 1.2 percent increase from last month, and an 8.4 percent increase from April 2009. The overall vehicle market posted a gain of 20 percent compared to one year ago. Toyota posted 12,55 sales of the Prius—a 6.5 percent increase from last month and a dramatic 50 […] […]

Japan’s Sanyo Increases Battery Spending to $2 Billion

Japan’s Nikkei today reported that Sanyo Electric Co. will increase spending on rechargeable batteries and solar cells to more than $2.13 billion. The company plans mass production of lithium ion batteries for plug-in hybrids and electric cars by fiscal 2012—and aims to capture 40 percent of the global market for vehicle rechargeable batteries by […] […]

Blame for Gulf Coast Spill Begins at the Pump

Spilled oil on the surface of the Gulf of Mexico near the coast of Louisiana last week. If you’re mad about the spill, think about what you’re driving. The devastating oil spill in the Gulf Coast will embolden green transportation advocates to push harder for change—from fuel-efficient cars to public transportation and bicycle use. But that change […] […]