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Vehicle mileage estimates get real
2006-12-12, Los Angeles Times
http://www.latimes.com/business/la-fi-fuel12dec12,0,1026595.story

That 55-mile-per-gallon hybrid car you've been eyeing may end up being a 44-mpg hybrid. The federal Environmental Protection Agency announced a new system Monday for evaluating fuel economy that will lower mileage estimates for most vehicles. On average, vehicles rated under the 2008 method will post a 12% drop in city gasoline mileage and an 8% decline in highway mileage. With the new testing requirements, the EPA is attempting to come up with estimates that more closely reflect the real-world mileage motorists can expect when they purchase a vehicle. Under the current system ... actual mileage is often far lower than the posted EPA ratings. Hybrids will be hit harder because the new test eliminates some of the all-electric driving that helped them produce impressive results. A recent study ... found that the average mileage for passenger cars and light trucks was about 14% less than EPA estimates. The mileage for gas-electric hybrids probably will be 20% to 30% lower than present estimates for city driving and 10% to 20% lower on the highway. These vehicles quickly lose their all-electric advantage when operated in cold weather or quickly accelerated. The new EPA mileage estimates won't harm automakers' ability to meet federal rules requiring an industrywide average fuel economy of 27.5 miles per gallon for cars and 21 mpg for sport utility vehicles, pickup trucks and vans.

Note: The government could easily mandate higher gas mileage, but has not significantly raised the bar in almost 20 years. Why? The current average mileage for all cars is less than the mileage of the 1908 Model T. With all of the incredibly technological advances in other fields, how is this possible? For more on this vital topic, click here and here. Toyota came out with a hybrid that got 100 mpg in 2002. For what happened to it, click here. And to learn how a Toyota Prius can be converted to get 100 miles per gallon, click here.

Refiners Maintain a Firm but Legal Grip on Supplies
2005-06-18, Los Angeles Times
http://www.latimes.com/business/la-fi-calgas18jun18,0,7589520.story

California refiners are simply cashing in on a system that allows a handful of players to keep prices high by carefully controlling supplies. The result is a kind of miracle market in which profits abound, outsiders can't compete and a dwindling cadre of gas station operators has little choice but go along. Refiners "not only control how much supply is in the marketplace, they control who gets it and at what price," said Dennis DeCota, executive director of the California Service Station and Automotive Repair Assn. The recent history of California's fuel industry is a textbook case of how a once-competitive business can become skewed to the advantage of a few, all with the federal government's blessing. Refiners acknowledge their California businesses have become the most profitable in the nation. The rest of the country isn't far behind. Characteristics once unique to California — specialty fuels, a refinery shortage, the growing dominance of a few companies — have begun to plague other gasoline markets.

Advanced vehicles demonstrate zero oil-consumption, reduced emissions
2005-05-18, Boston Globe
http://www.boston.com/cars/news/2005/may/0518_tourdesol.html

Carmakers such as Toyota and Honda can't seem to make hybrid vehicles fast enough to keep up with public interest. Interest in this new technology is growing, and one group is highlighting these technical marvels in a yearly event called the Tour de Sol. Top prize for the Monte-Carlo Rally went to a modified Honda Insight driven by Brian Hardegen, of Pepperell, who broke the 100-mile-per-gallon barrier over a 150-mile range. The car actually got 107 miles-per gallon. St. Mark's High School in Southboro, and North Haven Community School, North Haven, ME, demonstrated true zero-oil consumption and true zero climate-change emissions with their modified electric Ford pick-up and Volkswagen bus. More than 60 hybrid, electric and biofueled vehicles from throughout the US and Canada demonstrated that we have the technology today to power our transportation system with zero-oil consumption and zero climate-change emissions.

Note: If the above link fails, click here. If high school students can do it, why aren't the car companies seriously developing these technologies? And why are car manufacturers not able to keep up with demand on hybrid vehicles? For more, click here.

Halliburton operates in Iran despite sanctions
2005-03-07, MSNBC News
http://www.msnbc.msn.com/id/7119752

in January, Halliburton won a contract to drill at a huge Iranian gas field called Pars, which an Iranian government spokesman said "served the interests" of Iran. "I am baffled that any American company would want to have employees operating in Iran," says Sen. Susan Collins, R-Maine. "I would think they'd be ashamed." Halliburton says the operation — videotaped by NBC News — is entirely legal. It's run by a subsidiary called "Halliburton Products and Services Limited," based outside the U.S. In fact, the law allows foreign subsidiaries of U.S. corporations to do business in Iran under strict conditions. Other U.S. oil services companies, like Weatherford and Baker Hughes, also are in Iran. And foreign subsidiaries of NBC's parent company, General Electric, have sold equipment to Iran. For Halliburton to have done this legally, the foreign subsidiary operating in Iran must be independent of the main operation in Texas. Yet, when an NBC producer approached managers in Iran, he was sent to company officials in Dubai. But they said only Halliburton headquarters in Houston could talk about operations in Iran.

Warming Up to Cold Fusion
2004-11-21, Washington Post
http://www.washingtonpost.com/wp-dyn/articles/A54964-2004Nov16.html

Peter Hagelstein is trying to revive hope for a future of clean, inexhaustible, inexpensive energy. Fifteen years after the scientific embarrassment of the century ... a panel of scientists gathered. The panel's charge was simple: to determine whether [cold fusion] had even a prayer of a chance at working. The Department of Energy went to great lengths to cloak the meeting from public view. No announcement, no reporters. None of the names of the people attending that day was disclosed. Since 1989, hundreds of scientists working in dozens of labs around the world have claimed ... results. Supporters point to the written literature -- more than 3,000 papers -- as proof of the effect. But the most credible cold fusion advocates concede that the vast majority of those papers are of poor quality. "Brilliant," "genius" and "reclusive" were words used to describe [SRI scientist Peter] Hagelstein 20 years ago, when he rose to prominence as one of the young scientists behind President Ronald Reagan's plans to build a missile shield in outer space. Hagelstein [now] describes the mainstream scientific community as "mafias" that promote and publish their friends' work, unwilling to accept new ideas. As Hagelstein explains it, leading physicists came out swiftly and prematurely against cold fusion. Hagelstein says his acceptance of cold fusion was by no means immediate. It took several years before he was convinced. [Now] Hagelstein says, he has seen enough cold fusion data to convince him that the science is clearly real. The field's acceptance, he maintains, will be simply a matter of the scientific community's looking at the improved experimental results in the future and coming to understand them.

Note: If the above link fails, click here. Why all the secrecy around this important topic? To learn why the power elite don't want cheap energy, click here.

Tsunami bomb - NZ's devastating war secret
1999-09-25, New Zealand Herald (New Zealand's leading newspaper)
http://www.nzherald.co.nz/section/story.cfm?c_id=1&objectid=14727

Top-secret wartime experiments were conducted off the coast of Auckland to perfect a tidal wave bomb, declassified files reveal. United States defence chiefs said that if the project had been completed before the end of the war it could have played a role as effective as that of the atom bomb. Details of the tsunami bomb, known as Project Seal, are contained in 53-year-old documents released by the Ministry of Foreign Affairs and Trade. Papers stamped "top secret" show the US and British military were eager for Seal to be developed in the post-war years too. The experiments involved laying a pattern of explosives underwater to create a tsunami. It is unclear what happened to Project Seal once the final report was forwarded to Wellington Defence Headquarters late in the 1940s. The bomb was never tested on a full scale. "Whether it could ever be resurrected ... Under some circumstances I think it could be devastating."

Scientists find bugs that eat waste and excrete petrol
2008-06-14, London Times
http://www.timesonline.co.uk/tol/news/environment/article4133668.ece

“Ten years ago I could never have imagined I’d be doing this,” says Greg Pal, 33, a former software executive. “I mean, this is essentially agriculture, right? But ... this is the one hot area everyone wants to get into.” He means bugs. To be more precise: the genetic alteration of bugs – very, very small ones – so that when they feed on agricultural waste such as woodchips or wheat straw, they do something extraordinary. They excrete crude oil. Unbelievably, this is not science fiction. Mr Pal holds up a small beaker of bug excretion that could, theoretically, be poured into the tank of the giant Lexus SUV next to us. Not that Mr Pal is willing to risk it just yet. He gives it a month before the first vehicle is filled up on what he calls “renewable petroleum”. After that, he grins, “it’s a brave new world”. Mr Pal is a senior director of LS9, one of several companies in or near Silicon Valley that have ... embarked ... on an extraordinary race to make $140-a-barrel oil (£70) from Saudi Arabia obsolete. “All of us here – everyone in this company and in this industry, are aware of the urgency,” Mr Pal says. What is most remarkable about what they are doing is that instead of trying to reengineer the global economy – as is required, for example, for the use of hydrogen fuel – they are trying to make a product that is interchangeable with oil. The company claims that this “Oil 2.0” will not only be renewable but also carbon negative – meaning that the carbon it emits will be less than that sucked from the atmosphere by the raw materials from which it is made.

Note: For a treasure trove of exciting reports on new energy inventions, click here.

Algae: 'The ultimate in renewable energy'
2008-04-01, CNN
http://www.cnn.com/2008/TECH/science/04/01/algae.oil/

Texas may be best known for "Big Oil." But the oil that could some day make a dent in the country's use of fossil fuels is small. Microscopic, in fact: algae. Literally and figuratively, this is green fuel. "Algae is the ultimate in renewable energy," Glen Kertz, president and CEO of Valcent Products, told CNN while conducting a tour of his algae greenhouse on the outskirts of El Paso. "We are a giant solar collecting system. We get the bulk of our energy from the sunshine," said Kertz. Algae are among the fastest growing plants in the world, and about 50 percent of their weight is oil. That lipid oil can be used to make biodiesel for cars, trucks, and airplanes. Most people know algae as "pond scum." And until recently, most energy research and development projects used ponds to grow it. But instead of ponds, Valcent uses a closed, vertical system, growing the algae in long rows of moving plastic bags. The patented system is called Vertigro, a joint venture with Canadian alternative energy company Global Green Solutions. The companies have invested about $5 million in the Texas facility. "A pond has a limited amount of surface area for solar absorption," said Kertz. "By going vertical, you can get a lot more surface area to expose cells to the sunlight. It keeps the algae hanging in the sunlight just long enough to pick up the solar energy they need to produce, to go through photosynthesis," he said. Kertz said he can produce about 100,000 gallons of algae oil a year per acre, compared to about 30 gallons per acre from corn; 50 gallons from soybeans. Valcent research scientist Aga Pinowska said there are about 65,000 known algae species, with perhaps hundreds of thousands more still to be identified. A big part of the research at the west Texas facility involves determining what type of algae produces what type of fuel.

Note: For many exciting reports of new energy inventions, click here.

'Eco-Patent Commons' hopes to improve environmental innovation
2008-01-14, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/01/14/BU6IUDVBM.DTL

IBM Corp., Nokia, Sony and Pitney Bowes are expected to announce Monday that they have put 31 inventions into an "Eco-Patent Commons" designed to make these Earth-friendly manufacturing and waste-reduction processes more widely available. "This is an open source effort along the lines of the Creative Commons," said IBM assistant general counsel David Kappos, who is responsible for the company's intellectual property. The open source movement, symbolized by the free Linux operating system, believes that innovation occurs more quickly when new ideas and processes are open to the public for anyone to troubleshoot and improve. The Eco-Patent Commons adopts this activist tactic in certain fields - like waste reduction - where the participating firms have decided that the societal benefit of having every willing manufacturer adopt these cleaner processes outweighs any potential advantage they might gain by keeping the idea close to the vest. One of the newly freed eco-patents is an IBM invention for using a specially folded piece of corrugated cardboard to cushion electronic components against shock during shipping - replacing the Styrofoam products that can easily become an environmental headache. Likewise, Nokia is giving away a patent designed to help safely dispose of mobile phones by reusing their components in other gadgets such as digital cameras. Kappos said the Eco-Patent Commons would be run by an independent, nonprofit group, the World Business Council for Sustainable Development, and expressed hope that other companies would follow the lead and add real clout to what is more a symbolic than substantive effort to make global business a little greener.

A way to squeeze oil and gas from just about anything
2007-12-00, Popular Science magazine
http://www.popsci.com/popsci/flat/bown/2007/innovator_2.html

Everything that goes into Frank Pringle’s recycling machine — a piece of tire, a rock, a plastic cup — turns to oil and natural gas seconds later. “I’ve been told the oil companies might try to assassinate me,” Pringle says without sarcasm. The machine is a microwave emitter that extracts the petroleum and gas hidden inside everyday objects. Every hour, the first commercial version will turn 10 tons of auto waste — tires, plastic, vinyl — into enough natural gas to produce 17 million BTUs of energy (it will use 956,000 of those BTUs to keep itself running). Pringle created the machine about 10 years ago after he drove by a massive tire fire and thought about the energy being released. He went home and threw bits of a tire in a microwave emitter he’d been working with for another project. It turned to what looked like ash, but a few hours later, he returned and found a black puddle on the floor of the unheated workshop. Somehow, he’d struck oil. Or rather, he had extracted it. Petroleum is composed of strings of hydrocarbon molecules. When microwaves hit the tire, they crack the molecular chains and break it into its component parts: carbon black (an ash-like raw material) and hydrocarbon gases, which can be burned or condensed into liquid fuel. If the process worked on tires, he thought, it should work on anything with hydrocarbons. The trick was in finding the optimum microwave frequency for each material. In 2004 he teamed up with engineer pal Hawk Hogan to take the machine commercial. Their first order is under construction in Rockford, Illinois. It’s a $5.1-million microwave machine the size of small bus called the Hawk, bound for an auto-recycler in Long Island, New York. Oil companies are looking to the machines to gasify petroleum trapped in shale.

Note: For many exciting breakthroughs in new energy technologies, click here.

The 50% MPG Gain That Detroit Won't Touch
2007-08-26, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2007/08/23/AR20070823016...

Gerald Rowley keeps his dreams in his garage. There ... he stores an aging Mazda 626 sedan [specially outfitted with a] one-gallon steel box in the trunk connected to fuel lines leading to a gasoline vaporizing device under the hood. The steel box holds one gallon of regular unleaded gasoline. The device beneath the hood is called the VFS, Vaporizing Fuel System. I came here to drive Rowley's VFS-equipped car. For years, I had spurned the invitations of homespun inventors worldwide to travel to distant points to witness first-hand machines that could deliver 100 miles per gallon or 200 miles per gallon. The claims sounded too incredible to believe -- ridiculous, in fact. If such devices really worked, really did what their inventors said they did, why would they still be sitting on shelves in anonymous workshops -- ignored by the driving public and all of the vehicle manufacturers who serve them? What automobile manufacturer in its right mind, especially with rising concerns about future oil availability and with gasoline prices escalating worldwide, would not jump at the opportunity to acquire a device that delivered 100 miles per gallon? Rowley's patented device is nothing new. It's just the latest iteration of an idea already developed by others -- the notion that you could get more miles per gallon out of a traditional gasoline engine if you pre-heated the fuel to about 350 degrees Fahrenheit, thus turning it into a vapor before it enters the combustion chamber. Vaporized fuel, when properly mixed with air, burns more efficiently, saves fuel and emits fewer tailpipe pollutants than traditional fuel-air mixtures in which gasoline is sprayed into a combustion chamber in tiny droplets and then mixed with air before burning. All car companies know this.

Note: Why won't the car manufacturers develop this amazing, proven technology? For a possible answer, click here. And for a treasure trove of exciting reports on new energy developments, click here.

Fla. Man Invents Machine To Turn Water Into Fire
2007-05-24, WPFB-TV (ABC affiliate in Palm Beach, FL)
http://www.wpbf.com/news/13383827/detail.html

A Florida man may have accidentally invented a machine that could solve the gasoline and energy crisis plaguing the U.S.. [John] Kanzius, 63, invented a machine that emits radio waves in an attempt to kill cancerous cells while leaving normal cells intact. While testing his machine, he noticed that his invention had other unexpected abilities. Filling a test tube with salt water from a canal in his back yard, Kanzius placed the tube and a paper towel in the machine and turned it on. Suddenly, the paper towel ignited. Kanzius performed the experiment without the paper towel and got the same result -- the saltwater was actually burning. [He] said he showed the experiment to a handful of scientists across the country who claim they are baffled at watching salt water ignite. Kanzius said the flame created from his machine reaches a temperature of around 3,000 [°F]. He said a chemist told him that the immense heat created from the machine breaks down the hydrogen-oxygen bond in the water, igniting the hydrogen. "You could take plain salt water out of the sea, put it in containers and produce a violent flame that could heat generators that make electricity, or provide other forms of energy," Kanzius said. He said engineers are currently experimenting with him in Erie, Pa. in an attempt to harness the energy. They've built an engine that, when placed on top of the flame, chugged along for two minutes. Kanzius admits all the excitement surrounding a new possible energy source was a stroke of luck. Someone who witnessed his work on the cancer front asked him if perhaps the machine could be used for desalinization. "This was an experiment to see if I could heat salt water, and instead of heat, I got fire," Kanzius said.

Note: Why aren't millions of dollars being channeled to explore this exciting field further? To watch a video clip of this exciting machine igniting sea water, click here.

Gas-sipping vehicle gets 1,900 mpg
2007-04-21, Los Angeles Times
http://www.latimes.com/business/la-fi-garagebriefs21apr21,1,5317797.story

We couldn't pass up mention of the winner of last week's Eco-marathon Americas, a fuel-economy challenge sponsored by Shell Oil Co. A team from Cal Poly San Luis Obispo won the $10,000 grand prize by achieving the equivalent of 1,902.7 miles per gallon on regular gasoline in a student-built vehicle. Granted, the students didn't win in someone's mom's Dodge minivan. Their "car" is a one-occupant streamliner built of carbon fiber composite. At a measly 98 pounds, it weighed less than the driver. And that was 98 pounds including the car's 50-cubic-centimeter Honda engine. "The main reason we do this is because it's a way to encourage students to focus on technical innovation for potential future careers," said David Sexton, president of Shell Oil Products. But there is a practical side to the competition, said Cal Poly team manager Tom Heckel, a junior mechanical engineering major. "Any publicity we can get makes people aware that the 20 mpg or so they're averaging in their cars can be improved on — a lot." The event, held April 14 at the California Speedway in Fontana, was the first time that Shell had brought its 25-year-old Eco-marathon competition to the U.S. The event drew 20 university, college and high school teams from around the U.S. and Canada. Rules called for each vehicle to complete seven 1.45-mile laps around the speedway's inner track, averaging at least 15 mph. Fuel consumption was measured after each attempt and adjusted for ambient temperature and other factors in a complex formula that ends up giving an extrapolation of miles per gallon.

Note: Why would the president of Shell Oil Products state the main reason for this competition is about careers and not finding ways to improve gas mileage? The world record is over 10,000 mpg. How is it that the average car gets only 22 mpg when the Ford Model T got 25 mpg almost 100 years ago? For more, click here.

Feds miss energy standards by up to 15 years
2007-03-01, MSNBC/Associated Press
http://www.msnbc.msn.com/id/17403743

The government for decades has failed to meet legal deadlines for tougher energy efficiency standards for appliances and other equipment, costing consumers and industry tens of billions of dollars in electric costs, a congressional study said Thursday. The Government Accountability Office reported that over several decades the Energy Department has "missed all 34 congressional deadlines for setting efficiency standards," with delays ranging from several months to as long as 15 years. The standards approved by Congress seek to reduce energy use from a broad range of products from refrigerators and home heating systems to electricity grid transformers and electric motors in factories. If the deadlines had been met on only four widely used consumer products - refrigerators, freezers, central air conditioners and heat pumps - consumers would have saved $28 billion in accumulated energy costs by 2030 - because more energy efficient products would have been on the market sooner. Andy Karsner, the department's assistant secretary in charge of energy efficiency programs, acknowledged the department has had "a simply abysmal" record on meeting efficiency standard deadlines set by Congress.

Note: Could it be that the powerful energy lobby didn't want these policies instituted? For more, click here.

Exxon's 'outlandish' earnings spark furor
2007-02-02, Globe and Mail (One of Canada's Leading Newspapers)
http://www.theglobeandmail.com/servlet/story/LAC.20070202.EXXON02/TPStory

The world's largest publicly owned oil company announced yesterday the largest corporate profit ever, but news of its near $40-billion (U.S.) windfall in 2006 sparked an angry backlash, coming on the eve of a major report blaming the use of fossil fuels for wreaking devastation on the planet. Exxon shares have risen by about 20 per cent in the past year. Exxon wasn't alone in unprecedented oil earnings. Royal Dutch Shell PLC, an Anglo-Dutch company, and U.S.-run Marathon Oil and Valero Energy, also posted best-ever annual results yesterday. And ConocoPhillips Co., also American, last week posted its highest profits. Profits at the five companies together totalled $91.1-billion -- in a year when drivers paid record prices for gasoline. Both Democratic and Republican members of Congress have also urged Exxon to end its funding of organizations that deny the existence of -- or minimize the seriousness of -- human-made global warming. Scientists yesterday accused the conservative American Enterprise Institute, which receives funding from Exxon, of offering scientists up to $10,000 for articles that undercut a report to be released today from the Intergovernmental Panel on Climate Change. Last month, the Union of Concerned Scientists ... said that Exxon has spent $16-million over the past 10 years financing organizations that deny the seriousness of climate change. Alden Meyer, a strategist with the group, compared Exxon's efforts to discredit the science of global warming to the tobacco companies' efforts to sow doubts about the link between smoking and lung cancer in order to protect their profits.

Note: Compare this Canadian article with the New York Times reporting of this record profit, or that of any other major U.S. newspaper. The U.S. press barely mentions that oil company gouging which took dollars from your pocket is what led to record profits. To understand why the U.S. press behaves in this way, click here.

8 technologies for a green future
2007-01-26, CNN
http://money.cnn.com/magazines/business2/business2_archive/2007/02/01/8398988...

The planet's most pressing environmental problems ... may seem just too big to be solved with today's technology. But don't despair: A lot of bright minds are working on futuristic projects that promise to make the world greener. It's save-the-world stuff like toxic-waste-eating trees, smart electricity grids, oceangoing robots, and floating environmental sensors. This technology may seem far out - but it will probably be here a lot sooner than you think. 1. Try a solar-powered hydrogen fueling station in your garage. It's about the size of a filing cabinet and runs on electricity generated by standard-issue rooftop solar panels. The first version of the home fueling station is expected to produce enough hydrogen to give your runabout a range of some 100 miles without emitting a molecule of planet-warming greenhouse gas. 2. Environmental sensor networks [provide] real-time data on a variety of phenomena that affect the economy and society - climate change, hurricanes, air and water pollution. 3. Toxin-eating trees ... a technology that uses vegetation to absorb hazardous waste from industrial plants and other polluters. 4. Nuclear waste neutralizer ... a chemical technology called Urex+ that extracts reusable uranium and separates out cesium, allowing four times as much waste to be packed into nuclear burial grounds. 5. Autonomous ocean robots. 6. Sonic water purifier ... a sci-fi solution for an age-old problem that leaves 1.1 billion people without access to clean water: 7. Endangered-species tracker. 8. The interactive, renewable smart power grid ... the electricity grid of the future ... will look more like the Internet - distributed, interactive, open-source - than the dumb, one-way network of today.

Note: For many other exciting discoveries of new energy sources, click here.

Oil industry denies price manipulation
2006-11-26, BusinessWeek/Associated Press
http://www.businessweek.com/ap/financialnews/D8LKSUQO0.htm

An Associated Press analysis suggests that big oil companies have been crimping supplies ... across the country for years. The analysis, based on data from the U.S. Energy Information Administration, indicates that the industry slacked off supplying oil and gasoline during the prolonged price boom between early 1999 and last summer, when prices began to fall. The findings support a conclusion already reached by many motorists. Fifty-five percent of Americans believe gas prices are high because [of] oil companies. Though set back temporarily by the [9/11] attacks, the oil business has profited handsomely since then. The biggest six refiners ... rang up $400 billion in profits since 2001. Though reserves have kept pretty steady, the oil industry taps those resources to varying degrees from year to year. The industry has shelved an average of 21 percent more unrefined oil from the start of 2004 through last June. Last spring, stocks of shelved crude reached their highest level in eight years, despite the fabulous riches at hand in high prices then. The industry also protected profits by not building any new refineries. [And] thanks to mergers, the top 10 companies now control three-quarters of national refining capacity, up from half in the early 1990s. A 2001 study by the Federal Trade Commission reported that some firms were deciding to "maximize their profits" by crimping supply. One executive told regulators "he would rather sell less gasoline and earn a higher margin on each gallon sold." However upsetting to drivers, such tactics are usually viewed as legal. "A decision to limit supply does not violate the antitrust laws," regulators wrote in one FTC report.

The 100-mpg car is coming
2006-07-19, MSN
http://articles.moneycentral.msn.com/SavingandDebt/SaveonaCar/The100mpgCarIsC...

Though the 100 mpg car sounds like a myth, it turns out that such vehicles do exist -- only they're built in your neighbor's garage, not a giant production plant. Known as plug-in hybrid-electric vehicles ... they’re basically Priuses or similar hybrids that have been equipped with extra batteries, so that they rarely use their gasoline engines at all. "People are salivating for plug-ins," says Bradley Berman, editor of the site HybridCars.com. A hybrid vehicle today like a Prius has both a gasoline engine and a battery, which is fed by the braking energy produced by the car. It can’t be plugged in. A plug-in hybrid keeps those components, but essentially gets an extra fuel tank, in the form of an added battery bank ... that allows the car to run exclusively off battery power for most driving. Felix Kramer, founder of the California Cars Initiative, a nonprofit group that promotes the use of high-efficiency, low-emission cars, owns the first consumer plug-in in North America. Not surprisingly, he loves it. "Many days I use no gasoline, because I go at neighborhood speeds for under 30 miles, and I’m just all-electric all day," he says. And the mileage? "At highway speeds, you can easily get over 100 mpg." Other plug-in owners offer up similar results. "I used to fill up every 400 miles or so," he says ... "and now I fill up every 800 miles or so." Advocates estimate that it costs less than $1 per gallon to replenish a plug-in hybrid. "Our goal is to have a $3,000 kit," CalCars' Kramer says. (That number, coincidentally, is also what many plug-in evangelists think that the technology would cost for Toyota to add to its hybrids.)

Note: If people are doing this in their garage, why aren't the auto makers already producing them? In fact, a similar vehicle was produced to be marketed in 2002, but then pulled off the market. To find why average car mileage has remained virtually unchanged for 100 years, click here.

Exxon Mobil Posts Largest Annual Profit for U.S. Company
2006-01-30, New York Times
http://www.nytimes.com/2006/01/30/business/30cnd-exxon.html?ex=1296277200&en=...

Exxon Mobil, the nation's largest energy company, today reported a 27 percent surge in profits for the fourth quarter as elevated fuel prices gave rise to the most lucrative year ever for an American company. Exxon's profits are expected to generate new scrutiny of the company's operations in Washington, where legislators have recently expressed concern over Big Oil's good fortune as soaring oil and natural gas prices pressure consumers. Exxon said its profits climbed more than 40 percent last year, while its tax bill rose only 14 percent. Exxon's revenue last year allowed it to surpass Wal-Mart as the largest company in the United States. [The company's] revenue of $371 billion surpassed the gross domestic product of $245 billion for Indonesia, an OPEC member and the world's fourth most populous country with 242 million people.

Note: This article fails to mention the huge profits reaped by oil companies as a result of gas price gouging immediately after Katrina.

Politicians fume as Exxon profits soar to U.S. record
2008-07-31, Houston Chronicle
http://www.chron.com/disp/story.mpl/nation/5918750.html

Exxon Mobil Corp. jumped into the political fray Thursday as its $11.7 billion record quarterly earnings — and $8 billion in share buybacks — raised hackles in Washington. "They tell us they want to do more domestic production," said Sen. Charles Schumer, D-N.Y. "They tell us they need to drill offshore. They tell us that they can find oil on the mainland. And what do they do with their profits? They buy back stock, simply to increase their share price." Democrats argue that producers already hold 68 million acres of federal lands on which they are not producing oil or gas. Irving-based Exxon Mobil, the world's largest oil company, was the fourth major oil giant to release quarterly results. Hours earlier, Royal Dutch Shell, based in the Netherlands, announced a 33 percent increase in profit. Houston-based ConocoPhillips last week announced a 13 percent increase in net income during a quarter in which oil prices rose from about $100 to $140 a barrel. London-based BP announced a 28 percent profit increase on Tuesday. Analysts ... focused less on Exxon Mobil's profits than on its 8 percent drop in production. The world's largest oil companies ... are benefiting from record-high oil prices. Exxon Mobil increased spending on capital and exploration projects by 38 percent in the quarter to $7 billion. It also spent $8 billion buying back its own shares and reported $39 billion in cash on hand. A Democratic analysis of the top five oil company's expenditures from 2004 through 2007 found that the majors plowed about $181 billion into stock buybacks, nearly three times as much as they spent on U.S. production activity.

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